Navios Maritime Partners (NMM) leader buys units under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entity Raymar Investments S.A., reported open-market purchases of a total of 3,484 common units of NMM on June 9, 10 and 11, 2026. The weighted average purchase prices were $72.0901, $72.1767 and $73.3383 per unit, respectively, with individual trades executed in intraday price ranges described in the filing.
These transactions were made pursuant to a pre-arranged Rule 10b5-1 trading plan between Raymar Investments S.A. and UBS Financial Services Inc. adopted on December 9, 2025. After these purchases, Frangou is shown as beneficially owning 4,744,715 common units indirectly through several affiliated entities, plus 366,776 common units held directly, along with 622,296 general partnership units owned by Olympos Maritime Ltd., representing about a 2.1% general partner ownership interest in NMM.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 3,484 shares ($252,704)
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,484 shs ($253K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit | 1,155 | $73.3383 | $85K |
| Purchase | Common Unit | 1,154 | $72.1767 | $83K |
| Purchase | Common Unit | 1,175 | $72.0901 | $85K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,744,715 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) $71.67 to $72.39 on June 9, 2026; (2) $71.66 to $72.76 on June 10, 2026; and (3) $ 72.91 to $73.68 on June 11, 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) 70,092 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 9, 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) 71,246 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 10, 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) 72,401 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 11, 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 11, 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 units purchased: 3,484 common units
June 9 weighted average price: $72.0901 per unit
June 10 weighted average price: $72.1767 per unit
+5 more
8 metrics
Total units purchased
3,484 common units
Open-market purchases on June 9–11, 2026
June 9 weighted average price
$72.0901 per unit
Common unit purchase on June 9, 2026
June 10 weighted average price
$72.1767 per unit
Common unit purchase on June 10, 2026
June 11 weighted average price
$73.3383 per unit
Common unit purchase on June 11, 2026
Indirect common units after trades
4,744,715 common units
Beneficially owned indirectly as of June 11, 2026
Direct common units
366,776 common units
Held directly as of June 9, 2026
General partnership units
622,296 units
General partner ownership as of June 11, 2026
General partner ownership interest
2.1%
Ownership interest in NMM via Olympos Maritime Ltd.
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 June 11, 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."
FAQ
At what prices were the recent NMM insider purchases executed?
The filing shows weighted average prices of $72.0901, $72.1767, and $73.3383 per NMM common unit on June 9, 10, and 11, 2026. Actual trades each day occurred within narrower intraday price ranges detailed in the disclosure.
Were the NMM insider purchases made under a Rule 10b5-1 plan?
Yes. The purchases were made under a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Angeliki Frangou, and UBS Financial Services Inc. That plan was adopted on December 9, 2025, indicating the trades were pre-arranged.
Which affiliated entities hold NMM units for Angeliki Frangou?
The filing cites N Shipmanagement Acquisition Corp., three other affiliated entities, and Raymar Investments S.A. as indirect holders of NMM common units for Angeliki Frangou. Together they account for millions of units reflected in her beneficial ownership position.