Frangou (NYSE: NMM) adds 3,602 units under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navios Maritime Partners L.P. reporting person Angeliki Frangou, through affiliated entity Raymar Investments S.A., purchased a net 3,602 common units of NMM in open-market trades between June 26 and June 30, 2026 at weighted average prices around $69 per unit.
The purchases were executed under a pre-arranged Rule 10b5-1 trading plan with UBS Financial Services Inc. Following these transactions, Frangou indirectly beneficially owned 4,758,618 common units and also held 366,776 common units directly, plus 622,296 general partnership units representing about 2.1% ownership interest in NMM.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 3,602 shares ($249,258)
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,602 shs ($249K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit | 1,199 | $69.5013 | $83K |
| Purchase | Common Unit | 1,208 | $68.8774 | $83K |
| Purchase | Common Unit | 1,195 | $69.2232 | $83K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,758,618 shares (Indirect, See footnote);
Common Unit — 366,776 shares (Direct, null);
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) $68.59 to $69.88 on June 26, 2026; (2) $68.01 to $69.75 on June 29, 2026; and (3) $69.09 to $69.87 on June 30, 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) 83,897 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 June 26, 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) 85,105 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 June 29, 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) 86,304 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 June 30, 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 June 30, 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
Common units bought: 3,602 common units
Purchase price June 30: $69.5013 per unit
Indirect common units owned: 4,758,618 common units
+2 more
5 metrics
Common units bought
3,602 common units
Open-market purchases June 26–30, 2026
Purchase price June 30
$69.5013 per unit
Weighted average price on June 30, 2026
Indirect common units owned
4,758,618 common units
Indirect beneficial ownership after June 30, 2026 trades
Direct common units held
366,776 common units
Direct ownership as of June 26, 2026
General partnership units
622,296 units
Owned by Olympos Maritime Ltd., ~2.1% interest as of June 30, 2026
Key Terms
Rule 10b5-1 trading plan, beneficially owned, general partnership units, weighted average purchase prices, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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"
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"
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices"
ownership interest financial
"representing an approximately 2.1% ownership interest in NMM"
FAQ
On what dates did the recent NMM insider purchases by Frangou occur?
The insider purchases were made on June 26, June 29 and June 30, 2026. Each day’s trading formed part of a pre-arranged plan and was executed in multiple transactions within disclosed intraday price ranges in the high $60s per unit.
What prices were paid for the NMM units in Frangou’s recent purchases?
The reported weighted average prices were $69.2232 on June 26, $68.8774 on June 29 and $69.5013 on June 30, 2026. Individual trades occurred within disclosed ranges between $68.01 and $69.88 during those days.
Were the latest NMM insider purchases by Frangou 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 Frangou, and UBS Financial Services Inc., adopted on December 9, 2025, indicating they were pre-planned.
Through which entities are Angeliki Frangou’s NMM units held?
Frangou’s beneficial ownership includes units held indirectly through N Shipmanagement Acquisition Corp. and three other affiliated entities, as well as units held through Raymar Investments S.A. and general partnership units held via Olympos Maritime Ltd., the general partner of NMM.