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Angeliki Frangou (NYSE: NMM) buys 3,592 units under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entity Raymar Investments S.A., bought a total of 3,592 common units in open-market transactions on April 14–16, 2026 under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

The purchases were 1,192 units at a weighted average price of $70.3857 on April 14, 1,201 units at $70.2259 on April 15, and 1,199 units at $69.7124 on April 16. Following these transactions, she beneficially owned 4,699,497 common units indirectly, plus 366,766 common units directly and 622,296 general partnership units held by Olympos Maritime Ltd., representing about a 2.1% ownership interest in Navios Maritime Partners L.P.

Positive

  • None.

Negative

  • None.
Insider Frangou Angeliki
Role See Remarks
Bought 3,592 shs ($252K)
Type Security Shares Price Value
Purchase Common Unit 1,199 $69.7124 $84K
Purchase Common Unit 1,201 $70.2259 $84K
Purchase Common Unit 1,192 $70.3857 $84K
holding Common Unit -- -- --
holding General Partnership Unit -- -- --
Holdings After Transaction: Common Unit — 4,699,497 shares (Indirect, See footnote); Common Unit — 366,766 shares (Direct); General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (6)
  1. F1. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.
  2. F2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $69.93 to $71.01 on April 14, 2026; (2) $69.22 to $70.99 on April 15, 2026; and (3) $69.20 to $70.01 on April 16, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.
  3. F3. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 24,783 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 14, 2026.
  4. F4. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 25,984 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 15, 2026.
  5. F5. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 27,183 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 16, 2026.
  6. F6. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of April 16, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.
Total units purchased 3,592 common units Open-market purchases on April 14–16, 2026
April 14 purchase 1,192 units at $70.3857 Weighted average price on April 14, 2026
April 15 purchase 1,201 units at $70.2259 Weighted average price on April 15, 2026
April 16 purchase 1,199 units at $69.7124 Weighted average price on April 16, 2026
Indirect common units after trades 4,699,497 common units Beneficially owned indirectly after April 16, 2026
Direct common units holding 366,766 common units Directly owned as of April 14, 2026
General partnership units 622,296 units (~2.1%) Owned by Olympos Maritime Ltd. as of April 16, 2026
Raymar units after April 16 27,183 common units Held via Raymar Investments S.A. as of April 16, 2026
Rule 10b5-1 trading plan regulatory
"The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices on each such day"
beneficially owned financial
"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
general partnership units financial
"the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest"
ownership interest financial
"representing an approximately 2.1% ownership interest in NMM based on all outstanding common units"

FAQ

What insider transactions did Angeliki Frangou report for Navios Maritime Partners (NMM)?
Angeliki Frangou reported buying 3,592 Navios Maritime Partners common units through an affiliated entity in three open-market trades on April 14–16, 2026. These transactions were executed under a Rule 10b5-1 trading plan with UBS Financial Services Inc., indicating they were pre-arranged.

At what prices did Angeliki Frangou buy NMM common units in April 2026?
She bought 1,192 units at a weighted average price of $70.3857 on April 14, 1,201 units at $70.2259 on April 15, and 1,199 units at $69.7124 on April 16. Each day’s figure reflects a weighted average across multiple individual trades.

How many Navios Maritime Partners (NMM) units does Angeliki Frangou beneficially own after these trades?
After these trades, she beneficially owned 4,699,497 common units indirectly plus 366,766 common units directly. The indirect holdings are through several affiliated entities, including N Shipmanagement Acquisition Corp. and Raymar Investments S.A., as disclosed in the filing footnotes.

Were Angeliki Frangou’s NMM unit purchases made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were made under a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with her, and UBS Financial Services Inc. This indicates the trades were pre-scheduled rather than discretionary timing decisions.

What is the role of Raymar Investments S.A. in Angeliki Frangou’s NMM holdings?
Raymar Investments S.A. is an entity affiliated with Angeliki Frangou that holds part of her indirect interest in NMM. It executed the April 2026 open-market purchases and held 27,183 common units as of April 16, 2026 under the disclosed Rule 10b5-1 trading plan.

How many general partnership units of Navios Maritime Partners does the affiliated general partner own?
Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou and acting as the general partner of Navios Maritime Partners, owns 622,296 general partnership units as of April 16, 2026. This represents approximately a 2.1% ownership interest based on all outstanding common and general partnership units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Frangou Angeliki
(Last)(First)(Middle)
C/O NAVIOS SHIPMANAGEMENT INC.
85 AKTI MIAOULI
(Street)
PIRAEUSGREECE18538
(City)(State)(Zip)
GREECE
(Country)		2. Issuer Name and Ticker or Trading Symbol
Navios Maritime Partners L.P. [ NMM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Unit04/14/2026P(1)1,192A$70.3857(2)4,697,097ISee footnote(3)
Common Unit04/15/2026P(1)1,201A$70.2259(2)4,698,298ISee footnote(4)
Common Unit04/16/2026P(1)1,199A$69.7124(2)4,699,497ISee footnote(5)
Common Unit366,766D
General Partnership Unit622,296ISee footnote(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.
2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $69.93 to $71.01 on April 14, 2026; (2) $69.22 to $70.99 on April 15, 2026; and (3) $69.20 to $70.01 on April 16, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.
3. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 24,783 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 14, 2026.
4. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 25,984 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 15, 2026.
5. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 27,183 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of April 16, 2026.
6. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of April 16, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.
Remarks:
Chief Executive Officer & Chairwoman of the Board
/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director04/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR