STOCK TITAN
  1. Home
  2. Sec-filings
  3. NMM
  4. [Form 4] Navios Maritime Partners L.P. Insider Trading Activity

Affiliates of Angeliki Frangou (NMM) buy 3,413 units under 10b5-1 plan

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

Rhea-AI Filing Summary

Navios Maritime Partners L.P. reported that entities affiliated with Ms. Angeliki Frangou bought a total of 3,413 common units in open‑market transactions on May 8, 11 and 12, 2026, at weighted average prices of $74.6167, $73.8546 and $72.9851 per unit, respectively, under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

After these purchases, Ms. Frangou beneficially owned 4,720,469 common units indirectly through several affiliated entities and 366,776 common units directly, as of May 12, 2026. An affiliated entity, Olympos Maritime Ltd., also held 622,296 general partnership units, representing approximately a 2.1% ownership interest in Navios Maritime Partners L.P.

Positive

  • None.

Negative

  • None.
Insider Frangou Angeliki
Role See Remarks
Bought 3,413 shs ($252K)
Type Security Shares Price Value
Purchase Common Unit 1,138 $72.9851 $83K
Purchase Common Unit 1,111 $73.8546 $82K
Purchase Common Unit 1,164 $74.6167 $87K
holding Common Unit -- -- --
holding General Partnership Unit -- -- --
Holdings After Transaction: Common Unit — 4,720,469 shares (Indirect, See footnote); Common Unit — 366,776 shares (Direct, null); General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (1)
  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. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $73.70 to $75.23 on May 8, 2026; (2) $73.40 to $74.05 on May 11, 2026; and (3) $72.67 to $73.67 on May 12, 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. 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) 45,906 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 8, 2026. 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) 47,017 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 11, 2026. 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) 48,155 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 12, 2026. 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 12, 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.
Common units bought 3,413 units Open-market purchases on May 8, 11, 12, 2026
Purchase price May 8, 2026 $74.6167 per unit Weighted average purchase price
Purchase price May 11, 2026 $73.8546 per unit Weighted average purchase price
Purchase price May 12, 2026 $72.9851 per unit Weighted average purchase price
Indirect common units held 4,720,469 units Beneficially owned indirectly as of May 12, 2026
Direct common units held 366,776 units Directly owned as of May 8, 2026
General partnership units 622,296 units Held by Olympos Maritime Ltd. as of May 12, 2026
Ownership interest approximately 2.1% General Partner’s interest in NMM as of May 12, 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., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc."
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 transactions reported herein were effected in multiple transactions each day at prices ranging from specified amounts; 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 common units owned indirectly through affiliated entities and units owned through Raymar Investments S.A."
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 12, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM."
ownership interest financial
"As of May 12, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM."
Form 4 Insider Transactions: What Each Field Means →
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)
05/08/2026		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 Unit05/08/2026P(1)1,164A$74.6167(2)4,718,220ISee footnote(3)
Common Unit05/11/2026P(1)1,111A$73.8546(2)4,719,331ISee footnote(4)
Common Unit05/12/2026P(1)1,138A$72.9851(2)4,720,469ISee footnote(5)
Common Unit366,776D
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) $73.70 to $75.23 on May 8, 2026; (2) $73.40 to $74.05 on May 11, 2026; and (3) $72.67 to $73.67 on May 12, 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) 45,906 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 8, 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) 47,017 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 11, 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) 48,155 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 12, 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 May 12, 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 Director05/12/2026
** 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

FAQ

What insider transactions did Navios Maritime Partners (NMM) report for Angeliki Frangou?

Navios Maritime Partners reported that entities affiliated with Angeliki Frangou bought 3,413 common units in open‑market transactions on May 8, 11 and 12, 2026. These purchases were executed under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

At what prices were the recent NMM common units purchased by entities affiliated with Angeliki Frangou?

The affiliated entities bought NMM common units at weighted average prices of $74.6167 on May 8, $73.8546 on May 11, and $72.9851 on May 12, 2026. Actual trades occurred within specified intraday price ranges disclosed in the footnotes.

How many Navios Maritime Partners common units does Angeliki Frangou beneficially own after these trades?

Following the reported trades, Angeliki Frangou beneficially owned 4,720,469 common units indirectly through several affiliated entities and 366,776 common units directly, as of May 12, 2026. These holdings aggregate interests across multiple ownership vehicles associated with her.

What is the role of the Rule 10b5-1 trading plan in the recent NMM insider purchases?

The reported purchases were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Angeliki Frangou, and UBS Financial Services Inc., adopted on December 9, 2025. Such plans pre-schedule trades, making their timing more routine and less discretionary.

How many general partnership units of Navios Maritime Partners are held by an entity affiliated with Angeliki Frangou?

As of May 12, 2026, Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou, held 622,296 general partnership units of Navios Maritime Partners. This stake represents approximately a 2.1% ownership interest based on all outstanding common and general partnership units.

Which entities hold the indirect common unit interests for Angeliki Frangou in Navios Maritime Partners (NMM)?

Angeliki Frangou’s indirect beneficial ownership includes 3,183,199 common units through N Shipmanagement Acquisition Corp., 1,489,115 common units in aggregate through three other affiliated entities, and additional units through Raymar Investments S.A. pursuant to a Rule 10b5-1 trading plan.