STOCK TITAN

Navios Maritime Partners (NMM) insider adds units via Rule 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 entities, reported open-market purchases of common units executed under a pre-arranged Rule 10b5-1 trading plan. The trades were made by Raymar Investments S.A. with UBS Financial Services Inc.

On July 1, 2026, an affiliated entity bought 1,189 common units at a weighted average price of $71.5852 per unit, followed by 1,173 units at $73.0522 on July 2, and 1,149 units at $74.4814 on July 6. After these purchases, Frangou is reported as beneficially owning 4,762,129 common units indirectly through several affiliated entities and 622,296 general partnership units held by Olympos Maritime Ltd., representing about 2.1% of Navios Maritime Partners’ outstanding common and general partnership units.

Positive

  • None.

Negative

  • None.
Insider Frangou Angeliki
Role See Remarks
Bought 3,511 shs ($256K)
Type Security Shares Price Value
Purchase Common Unit 1,149 $74.4814 $86K
Purchase Common Unit 1,173 $73.0522 $86K
Purchase Common Unit 1,189 $71.5852 $85K
holding Common Unit -- -- --
holding General Partnership Unit -- -- --
Holdings After Transaction: Common Unit — 4,762,129 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) $71.05 to $72.07 on July 1, 2026; (2) $72.17 to $73.95 on July 2, 2026; and (3) $74.11 to $74.77 on July 6, 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) 87,493 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 1, 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) 88,666 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 2, 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) 89,815 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 6, 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 6, 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.
Units bought Jul 1, 2026 1,189 common units at $71.5852 Open-market purchase under Rule 10b5-1 plan
Units bought Jul 2, 2026 1,173 common units at $73.0522 Open-market purchase under Rule 10b5-1 plan
Units bought Jul 6, 2026 1,149 common units at $74.4814 Open-market purchase under Rule 10b5-1 plan
Total units purchased 3,511 common units Sum of three reported open-market buys
Beneficially owned common units 4,762,129 common units Indirect ownership through affiliated entities after Jul 6, 2026
General partnership units 622,296 units (~2.1%) Held by Olympos Maritime Ltd. as general partner as of Jul 6, 2026
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., 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 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 July 6, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM"
ownership interest financial
"representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units."
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FAQ

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

Angeliki Frangou reported indirect open-market purchases of 3,511 common units of Navios Maritime Partners. These were three separate trades by an affiliated entity at weighted average prices between $71.5852 and $74.4814 per unit under a Rule 10b5-1 trading plan.

On which dates did the Navios Maritime Partners (NMM) insider purchases occur?

The reported insider purchases occurred on July 1, 2, and 6, 2026. On each date, an affiliated entity of Angeliki Frangou bought common units of Navios Maritime Partners in open-market transactions at different weighted average prices disclosed in the Form 4 footnotes.

How many Navios Maritime Partners (NMM) units did the affiliated entity buy and at what prices?

An affiliated entity purchased 1,189 units at $71.5852, 1,173 units at $73.0522, and 1,149 units at $74.4814 per unit. These figures are weighted average prices from multiple trades each day within price ranges detailed in the filing footnotes.

Were the Navios Maritime Partners (NMM) insider trades pre-planned under Rule 10b5-1?

Yes. The filing states the transactions 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, indicating they were pre-arranged.

What is Angeliki Frangou’s reported beneficial ownership in Navios Maritime Partners (NMM) after these trades?

After the reported purchases, Angeliki Frangou is shown as beneficially owning 4,762,129 common units indirectly through several affiliated entities. In addition, Olympos Maritime Ltd., an affiliated entity, holds 622,296 general partnership units, representing about 2.1% ownership.

Which entities hold Navios Maritime Partners (NMM) units on behalf of Angeliki Frangou?

The filing notes common units are held indirectly through N Shipmanagement Acquisition Corp. and three other affiliated entities, plus Raymar Investments S.A. under a Rule 10b5-1 plan. Olympos Maritime Ltd. holds the general partnership units as Navios Maritime Partners’ general partner.
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)
07/01/2026
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 Unit07/01/2026P(1)1,189A$71.5852(2)4,759,807ISee footnote(3)
Common Unit07/02/2026P(1)1,173A$73.0522(2)4,760,980ISee footnote(4)
Common Unit07/06/2026P(1)1,149A$74.4814(2)4,762,129ISee 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) $71.05 to $72.07 on July 1, 2026; (2) $72.17 to $73.95 on July 2, 2026; and (3) $74.11 to $74.77 on July 6, 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) 87,493 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 1, 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) 88,666 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 2, 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) 89,815 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 6, 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 July 6, 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 Director07/06/2026
** 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)