Navios Maritime Partners (NMM) insider adds 3,477 units under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entities, reported open-market purchases of a total of 3,477 common units on June 23–25, 2026. The units were bought indirectly at weighted average prices of about $72.68, $71.94 and $70.20 per unit on each respective day, under a pre-arranged Rule 10b5-1 trading plan with UBS Financial Services Inc.

After these trades, entities affiliated with Ms. Frangou beneficially own 4,755,016 common units indirectly, in addition to 366,776 common units held directly. A further 622,296 general partnership units are owned by Olympos Maritime Ltd., the general partner of Navios Maritime Partners and an entity affiliated with her, representing approximately a 2.1% ownership interest based on all outstanding common and general partnership units.

Insider Trade Summary 10b5-1

Net Buyer: 3,477 shares ($248,962)

Net Buy 5 txns

Insider Frangou Angeliki

Role See Remarks

Bought 3,477 shs ($249K)

Type	Security	Shares	Price	Value
Purchase	Common Unit	1,170	$70.2007	$82K
Purchase	Common Unit	1,148	$71.9399	$83K
Purchase	Common Unit	1,159	$72.6835	$84K
holding	Common Unit	--	--	--
holding	General Partnership Unit	--	--	--

Holdings After Transaction: Common Unit — 4,755,016 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) $71.90 to $73.13 on June 23, 2026; (2) $71.25 to $72.65 on June 24, 2026; and (3) $69.45 to $71.10 on June 25, 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) 80,384 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 23, 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) 81,532 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 24, 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) 82,702 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 25, 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 25, 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: 3,477 common units Purchase price June 23: $72.6835 per unit Purchase price June 24: $71.9399 per unit +5 more

8 metrics

Common units purchased 3,477 common units Open-market buys on June 23–25, 2026

Purchase price June 23 $72.6835 per unit Weighted average price for 1,159 units on June 23, 2026

Purchase price June 24 $71.9399 per unit Weighted average price for 1,148 units on June 24, 2026

Purchase price June 25 $70.2007 per unit Weighted average price for 1,170 units on June 25, 2026

Indirect common unit holdings 4,755,016 common units Beneficially owned indirectly after transactions

Direct common unit holdings 366,776 common units Directly held common units as of June 23, 2026

General partnership units 622,296 units Owned by Olympos Maritime Ltd., about 2.1% interest as of June 25, 2026

10b5-1 plan adoption date December 9, 2025 Date Raymar Investments S.A. trading plan with UBS was adopted

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

"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.

general partnership units financial

"the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM"

weighted average purchase prices financial

"The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein."

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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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 09:10 PM Accepted by SEC EDGAR 06/25/2026 - 09:10 PM

SEC Form 4

FORM 4

UNITED 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).

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)

PIRAEUS

GREECE

18538

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Unit	06/23/2026		P⁽¹⁾		1,159	A	$72.6835⁽²⁾	4,752,698	I	See footnote⁽³⁾
Common Unit	06/24/2026		P⁽¹⁾		1,148	A	$71.9399⁽²⁾	4,753,846	I	See footnote⁽⁴⁾
Common Unit	06/25/2026		P⁽¹⁾		1,170	A	$70.2007⁽²⁾	4,755,016	I	See footnote⁽⁵⁾
Common Unit								366,776	D
General Partnership Unit								622,296	I	See 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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) $71.90 to $73.13 on June 23, 2026; (2) $71.25 to $72.65 on June 24, 2026; and (3) $69.45 to $71.10 on June 25, 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) 80,384 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 23, 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) 81,532 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 24, 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) 82,702 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 25, 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 June 25, 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 Director	06/25/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Navios Maritime Partners reported that entities affiliated with Angeliki Frangou bought 3,477 common units in open-market transactions on June 23–25, 2026. These trades were executed indirectly on her behalf under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

At what prices were the recent NMM common units purchased by the insider?

The affiliated entities bought Navios Maritime Partners common units at weighted average prices of about $72.68 on June 23, $71.94 on June 24 and $70.20 on June 25, 2026. Detailed price ranges are available for each day in the transaction disclosure.

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

Following the reported purchases, entities affiliated with Angeliki Frangou beneficially own 4,755,016 Navios Maritime Partners common units indirectly, plus 366,776 common units held directly. This total reflects holdings across several affiliated entities described in the filing’s footnotes.

Were the recent NMM insider purchases made under a Rule 10b5-1 plan?

Yes. 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. Such plans pre-schedule trades independently of day-to-day market conditions.

What is the ownership interest of the Navios Maritime Partners general partner?

Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou and general partner of Navios Maritime Partners, owns 622,296 general partnership units. This represents approximately a 2.1% ownership interest based on all outstanding common units and general partnership units as of June 25, 2026.

How were the NMM insider trade prices distributed within each day?

The filing states that daily transactions occurred in multiple trades within price ranges: $71.90–$73.13 on June 23, $71.25–$72.65 on June 24 and $69.45–$71.10 on June 25, 2026. The reported prices are weighted averages across those intraday trades.