Navios Maritime Partners (NYSE: NMM) leader buys 3,320 units under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navios Maritime Partners L.P. insider Angeliki Frangou, a director, officer and more-than-10% owner, reported three open-market purchases totaling 3,320 common units on July 7–9, 2026, at prices from $72.88 to $76.60 pursuant to a Rule 10b5-1 trading plan executed through Raymar Investments S.A. Following these trades, she beneficially owns 4,765,449 common units indirectly and 366,776 common units directly, plus 622,296 general partnership units held by Olympos Maritime Ltd., representing about 2.1% ownership interest in Navios Maritime Partners L.P.
Positive
- None.
Negative
- None.
Insights
Insider adds modestly to an already large position under a preset trading plan.
Angeliki Frangou reported open-market purchases of 3,320 common units of Navios Maritime Partners L.P. between July 7 and July 9, 2026 at weighted average prices between $72.88 and $76.60. These transactions were made through affiliated entity Raymar Investments S.A. under a Rule 10b5-1 trading plan, indicating they were pre-scheduled rather than discretionary timing decisions.
After these trades, Frangou beneficially owns 4,765,449 common units indirectly and 366,776 common units directly, plus 622,296 general partnership units that represent about 2.1% ownership interest in the partnership as of July 9, 2026. The purchases modestly increase an already substantial stake, while the 10b5-1 structure suggests routine, planned accumulation rather than a sudden shift in outlook. Overall, the disclosure is informational and does not by itself signal a major change in the investment thesis.
Insider Trade Summary 10b5-1
Net Buyer: 3,320 shares ($249,016)
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,320 shs ($249K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit | 1,099 | $73.7378 | $81K |
| Purchase | Common Unit | 1,108 | $76.1448 | $84K |
| Purchase | Common Unit | 1,113 | $75.1209 | $84K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,765,449 shares (Indirect, See footnote);
Common Unit — 366,776 shares (Direct);
General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (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) $74.50 to $75.90 on July 7, 2026; (2) $75.81 to $76.60 on July 8, 2026; and (3) $72.88 to $75.38 on July 9, 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) 90,928 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 July 7, 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) 92,036 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 July 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) 93,135 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 July 9, 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 July 9, 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: 3,320 common units
Purchase price July 7, 2026 range: $74.50 to $75.90
Purchase price July 8, 2026 range: $75.81 to $76.60
+5 more
8 metrics
Total common units purchased
3,320 common units
Open-market purchases on July 7–9, 2026 reported in Form 4
Purchase price July 7, 2026 range
$74.50 to $75.90
Multiple transactions on July 7, 2026; prices disclosed as a range
Purchase price July 8, 2026 range
$75.81 to $76.60
Multiple transactions on July 8, 2026; prices disclosed as a range
Purchase price July 9, 2026 range
$72.88 to $75.38
Multiple transactions on July 9, 2026; prices disclosed as a range
Indirect common units after transactions
4,765,449 common units
Total indirectly beneficially owned common units following July 9, 2026 purchase
Direct common units held
366,776 common units
Directly owned common units as of July 7, 2026 holding entry
General partnership units held
622,296 general partnership units
Owned by Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou
Ownership interest from GP units
2.1%
Approximate ownership interest in NMM based on all outstanding units as of July 9, 2026
Key Terms
Rule 10b5-1 trading plan, beneficially owned, general partnership units, more-than-10% owner
4 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan"
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.
beneficially owned financial
"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units"
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"
more-than-10% owner regulatory
"is_ten_percent_owner": 1"
FAQ
At what prices did Angeliki Frangou buy NMM common units in July 2026?
She purchased NMM common units at weighted average prices ranging from $74.50 to $75.90 on July 7, $75.81 to $76.60 on July 8, and $72.88 to $75.38 on July 9, 2026, across multiple transactions each day.
Were Angeliki Frangou’s July 2026 NMM trades 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., adopted on December 9, 2025.
How are Angeliki Frangou’s NMM units held across affiliated entities?
Her beneficial ownership includes 3,183,199 common units through N Shipmanagement Acquisition Corp., 1,489,115 common units through three other affiliated entities, and between 90,928 and 93,135 common units through Raymar Investments S.A. on the reported July 2026 dates.