STOCK TITAN

Navios Maritime Partners (NYSE: NMM) insider adds 3,334 units under 10b5-1 plan

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Navios Maritime Partners L.P. director, officer and 10% owner Angeliki Frangou, through affiliated entity Raymar Investments S.A., made open-market purchases of 3,334 common units of NMM on July 10, 13 and 14, 2026 at weighted average prices around $75.36–$75.58 per unit under a Rule 10b5-1 trading plan adopted on December 9, 2025. Following these trades, she beneficially owned 4,768,783 common units indirectly via affiliated entities, and Olympos Maritime Ltd., an affiliate, held 622,296 general partnership units, representing approximately 2.1% of NMM as of July 14, 2026.

Positive

  • None.

Negative

  • None.
Insider Frangou Angeliki
Role See Remarks
Bought 3,334 shs ($252K)
Type Security Shares Price Value
Purchase Common Unit 1,105 $75.5785 $84K
Purchase Common Unit 1,100 $75.4143 $83K
Purchase Common Unit 1,129 $75.3641 $85K
holding Common Unit -- -- --
holding General Partnership Unit -- -- --
Holdings After Transaction: Common Unit — 4,768,783 shares (Indirect, See footnote); Common Unit — 366,776 shares (Direct); 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) $74.87 to $75.81 on July 10, 2026; (2) $74.96 to $76.03 on July 13, 2026; and (3) $74.69 to $76.71 on July 14, 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) 94,264 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 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) 95,364 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 13, 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) 96,469 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 14, 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 14, 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.
Common units purchased 3,334 common units Aggregate open-market purchases on July 10, 13 and 14, 2026
Purchase price July 10, 2026 $75.3641 per unit Weighted average purchase price for 1,129 common units on July 10, 2026
Purchase price July 13, 2026 $75.4143 per unit Weighted average purchase price for 1,100 common units on July 13, 2026
Purchase price July 14, 2026 $75.5785 per unit Weighted average purchase price for 1,105 common units on July 14, 2026
Indirect common units owned 4,768,783 common units Common units beneficially owned indirectly after July 14, 2026 purchases
General partnership units 622,296 units General partnership units owned by Olympos Maritime Ltd. as of July 14, 2026
Ownership interest of General Partner approximately 2.1% Ownership interest in NMM represented by 622,296 general partnership units
Direct common units holding 366,776 common units Directly held common units as of July 10, 2026
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"
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices on each such day"

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FAQ

What insider trading activity did NMM’s Angeliki Frangou report in this Form 4?

Angeliki Frangou reported open-market purchases of 3,334 common units of Navios Maritime Partners L.P. (NMM) on July 10, 13 and 14, 2026. These transactions were executed through an affiliated entity under a Rule 10b5-1 trading plan.

At what prices were the NMM common units bought in Angeliki Frangou’s latest Form 4?

The reported NMM purchases were at weighted average prices of $75.3641 on July 10, $75.4143 on July 13 and $75.5785 on July 14, 2026. Actual trades each day occurred within disclosed price ranges around these averages.

How many Navios Maritime Partners (NMM) units does Angeliki Frangou beneficially own after these trades?

After the reported purchases, Angeliki Frangou beneficially owned 4,768,783 common units of NMM indirectly through affiliated entities. This figure reflects her indirect holdings as of July 14, 2026, based on the Form 4 data and related footnotes.

Was Angeliki Frangou’s NMM trading done under a Rule 10b5-1 plan?

Yes. The transactions 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., which was adopted on December 9, 2025.

How significant is Olympos Maritime Ltd.’s ownership stake in Navios Maritime Partners (NMM)?

Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou and serving as NMM’s general partner, owned 622,296 general partnership units as of July 14, 2026. This represents an approximately 2.1% ownership interest in Navios Maritime Partners.

Are Angeliki Frangou’s NMM holdings direct or indirect according to this Form 4?

The Form 4 shows indirect ownership of 4,768,783 common units through entities such as N Shipmanagement Acquisition Corp. and Raymar Investments S.A., plus separate entries for directly held common units and general partnership units via affiliated entities.
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)
07/10/2026
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 Unit07/10/2026P(1)1,129A$75.3641(2)4,766,578ISee footnote(3)
Common Unit07/13/2026P(1)1,100A$75.4143(2)4,767,678ISee footnote(4)
Common Unit07/14/2026P(1)1,105A$75.5785(2)4,768,783ISee 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) $74.87 to $75.81 on July 10, 2026; (2) $74.96 to $76.03 on July 13, 2026; and (3) $74.69 to $76.71 on July 14, 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) 94,264 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 10, 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) 95,364 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 13, 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) 96,469 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 14, 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 14, 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 Director07/14/2026
** 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)