[Form 4] Navios Maritime Partners L.P. Insider Trading Activity
Navios Maritime Partners L.P. insider Angeliki Frangou reported open-market purchases of 3,436 common units over three days in May 2026.
Rhea-AI Filing Summary
Navios Maritime Partners L.P. insider Angeliki Frangou reported open-market purchases of 3,436 common units over three days in May 2026. An entity affiliated with her, Raymar Investments S.A., bought 1,163 units at $71.8502 on May 18, 1,160 units at $73.2438 on May 19, and 1,113 units at $75.4815 on May 20.
These trades were executed under a pre-arranged Rule 10b5-1 trading plan between Raymar Investments S.A. and UBS Financial Services Inc. Following the transactions, Ms. Frangou beneficially owns millions of common units mainly through affiliated entities, plus 622,296 general partnership units held by Olympos Maritime Ltd., the general partner of Navios Maritime Partners.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 3,436 shares
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,436 shs ($253K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit | 1,113 | $75.4815 | $84K |
| Purchase | Common Unit | 1,160 | $73.2438 | $85K |
| Purchase | Common Unit | 1,163 | $71.8502 | $84K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,727,380 shares (Indirect, See footnote);
Common Unit — 366,776 shares (Direct);
General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (6)
- 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.
- F2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $71.41 to $72.21 on May 18, 2026; (2) $71.78 to $74.85 on May 19, 2026; and (3) $75.00 to $75.94 on May 20, 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.
- 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) 52,793 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 May 18, 2026.
- 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) 53,953 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 May 19, 2026.
- 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) 55,066 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 May 20, 2026.
- 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 May 20, 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.
Key Figures
Total common units purchased: 3,436 units
Purchase price May 18, 2026: $71.8502 per unit
Purchase price May 19, 2026: $73.2438 per unit
+5 more
8 metrics
Total common units purchased
3,436 units
Open-market purchases on May 18–20, 2026
Purchase price May 18, 2026
$71.8502 per unit
Weighted average price for 1,163 common units
Purchase price May 19, 2026
$73.2438 per unit
Weighted average price for 1,160 common units
Purchase price May 20, 2026
$75.4815 per unit
Weighted average price for 1,113 common units
Indirect common units after trades
4,727,380 units
Beneficially owned indirectly after transactions
Direct common units holding
366,776 units
Common units held directly as of May 18, 2026
General partnership units
622,296 units
Held by Olympos Maritime Ltd. as of May 20, 2026
General partner ownership interest
approximately 2.1%
Interest in NMM based on all outstanding units
Key Terms
Rule 10b5-1 trading plan, weighted average purchase prices, beneficially owned, general partnership units, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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 for the transactions reported herein."
beneficially owned financial
"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp."
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
"As of May 20, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM"
open-market purchase financial
"transaction_action: open-market purchase, transaction_code_description: Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NMM’s Angeliki Frangou report in this Form 4?
Angeliki Frangou reported buying 3,436 Navios Maritime Partners common units in the open market. The purchases occurred May 18–20, 2026, at weighted average prices between about $71.85 and $75.48 per unit through an affiliated entity under a Rule 10b5-1 plan.
On which dates did the NMM insider purchases occur and at what prices?
The insider-related purchases occurred on May 18, 19, and 20, 2026. Weighted average prices were $71.8502 per unit on May 18, $73.2438 on May 19, and $75.4815 on May 20, all executed as open-market transactions via an affiliated entity.
Were the NMM insider purchases made under a Rule 10b5-1 trading plan?
Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan. The plan is between Raymar Investments S.A., an entity affiliated with Angeliki Frangou, and UBS Financial Services Inc., and was adopted on December 9, 2025, before these May 2026 trades.
Which entities affiliated with Angeliki Frangou hold NMM common units?
The filing notes indirect holdings through N Shipmanagement Acquisition Corp. with 3,183,199 common units and three other affiliated entities holding 1,489,115 units in aggregate. Raymar Investments S.A. also holds tens of thousands of common units under the Rule 10b5-1 trading plan as of each trade date.
What general partnership interest does an affiliate of Angeliki Frangou hold in NMM?
Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou, is the general partner of Navios Maritime Partners. As of May 20, 2026, it owns 622,296 general partnership units, representing 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.
