Frangou-Affiliated Entity Buys 3,475 Navios Units
Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entities, reported open-market purchases of a total of 3,475 common units over three days.
Rhea-AI Filing Summary
Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entities, reported open-market purchases of a total of 3,475 common units over three days. The trades occurred on May 13, 14 and 15, 2026 at weighted average prices of $72.6904, $71.6119 and $70.9284 per unit, respectively.
These purchases were executed by Raymar Investments S.A., an entity affiliated with Ms. Frangou, under a pre-arranged Rule 10b5-1 trading plan with UBS Financial Services Inc. Following the last reported trade, Ms. Frangou beneficially owned 4,723,944 common units, mainly through affiliated entities, plus 366,776 common units held directly and 622,296 general partnership units owned by Olympos Maritime Ltd., an affiliated general partner representing about 2.1% of Navios Maritime Partners’ equity.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Buyer: 3,475 shares
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,475 shs ($249K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit | 1,172 | $70.9284 | $83K |
| Purchase | Common Unit | 1,169 | $71.6119 | $84K |
| Purchase | Common Unit | 1,134 | $72.6904 | $82K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,723,944 shares (Indirect, See footnote);
Common Unit — 366,776 shares (Direct);
General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (6)
- F1. 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.
- F2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $71.39 to $73.81 on May 13, 2026; (2) $70.95 to $72.34 on May 14, 2026; and (3) $70.05 to $71.20 on May 15, 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.
- F3. 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) 49,289 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 13, 2026.
- F4. 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) 50,458 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 14, 2026.
- F5. 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) 51,630 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 15, 2026.
- F6. 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 15, 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 purchased: 3,475 units
Weighted average price May 13, 2026: $72.6904 per unit
Weighted average price May 14, 2026: $71.6119 per unit
+4 more
7 metrics
Common units purchased
3,475 units
Open-market buys on May 13–15, 2026
Weighted average price May 13, 2026
$72.6904 per unit
Common unit purchase price
Weighted average price May 14, 2026
$71.6119 per unit
Common unit purchase price
Weighted average price May 15, 2026
$70.9284 per unit
Common unit purchase price
Common units beneficially owned
4,723,944 units
Total beneficial ownership after May 15, 2026 trades
Direct common units held
366,776 units
Direct holdings as of May 13, 2026
General partnership units
622,296 units
Olympos Maritime Ltd. stake, ~2.1% of equity as of May 15, 2026
Key Terms
Rule 10b5-1 trading plan, beneficially owned, weighted average purchase prices, 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.
beneficially owned financial
"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly"
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.
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein."
general partnership units financial
"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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many NMM units were purchased and at what prices on each date?
Affiliated entities bought 1,134 units at $72.6904 on May 13, 1,169 units at $71.6119 on May 14, and 1,172 units at $70.9284 on May 15, 2026. Each figure represents a weighted average open-market purchase price per common unit.
What is Angeliki Frangou’s beneficial ownership in NMM common units after these trades?
After the reported purchases, Angeliki Frangou beneficially owned 4,723,944 common units, largely through affiliated entities. This total includes holdings via N Shipmanagement Acquisition Corp. and other affiliated entities, as detailed in the footnotes of the Form 4 filing.
What general partnership interest in NMM is held by Frangou-affiliated entities?
Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou, holds 622,296 general partnership units of Navios Maritime Partners L.P. As of May 15, 2026, this represents approximately 2.1% ownership based on all outstanding common and general partnership units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
