Form 3: Hartree Partners Reports Direct Ownership of 3,400,907 SGU Units

Rhea-AI Filing Summary

Hartree Partners, LP reported on Form 3 that it beneficially owns 3,400,907 common units of Star Group, L.P. (ticker: SGU), held in a direct ownership form.

The event requiring the statement occurred on 08/06/2025. The filing indicates the reporting person is a director of the issuer. A remark explains that at the time Hartree Partners acquired these common units it owned less than 10% of the outstanding common units, but a subsequent reduction in the number of common units outstanding caused the reporting person’s ownership to exceed 10%.

Positive

• Direct ownership disclosed: The filing clearly reports 3,400,907 common units held directly, improving transparency.
• Compliance steps taken: Form 3 filed and signed by the Chief Compliance Officer, indicating formal Section 16 reporting.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Director-level holder Hartree Partners now reports direct ownership above 10%, triggering Section 16 disclosure requirements.

The Form 3 shows direct beneficial ownership of 3,400,907 common units and notes the ownership crossed the 10% threshold due to a reduction in outstanding units rather than an additional purchase. This is a routine but material reporting event because crossing 10% can alter short-swing profit exposure and related reporting obligations. The filing is signed by the Chief Compliance Officer, indicating internal control over Section 16 compliance.

Securities Analyst

TL;DR A significant ownership stake (>10%) is now publicly disclosed, which may affect shareholder structure transparency.

The disclosed 3,400,907 common units are held directly by Hartree Partners, LP. The filing explicitly states the timeline: acquisition occurred when ownership was below 10% and later fell above 10% due to a reduction in total outstanding units. The Form 3 contains no derivative positions. For investors, this clarifies a substantial direct stake in SGU but provides no financial terms or valuation data.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hartree Partners, LP

(Last) (First) (Middle)

1185 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/06/2025

3. Issuer Name and Ticker or Trading Symbol
STAR GROUP, L.P. [ SGU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units	3,400,907	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

At the time of the acquisition by the Reporting Person of the Common Units herein reported, the Reporting Person owned less than 10% of the Common Units outstanding. The issuer subsequently reduced the number of Common Units outstanding causing the Reporting Person's ownership to exceed 10% of Common Units outstanding. Name: Christine Stevenson Title: Chief Compliance Officer

	/s/ Christine Stevenson	09/04/2025
	** 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 5 (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.
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FAQ

What did Hartree Partners disclose about SGU ownership on Form 3?

Hartree Partners disclosed direct beneficial ownership of 3,400,907 common units of Star Group, L.P. (SGU).

When did the event requiring the Form 3 occur for SGU?

The event requiring the statement occurred on 08/06/2025.

Does the Form 3 show indirect or derivative holdings for SGU?

No. The Form 3 lists the units as held in a direct (D) form and shows no derivative securities.

Why does the filing say Hartree Partners exceeded 10% ownership of SGU?

The filing explains Hartree Partners acquired the units when it owned less than 10%, and a subsequent reduction in total common units outstanding caused its ownership to exceed 10%.

Who signed the Form 3 for Hartree Partners?

The Form 3 was signed by Christine Stevenson, Chief Compliance Officer, on 09/04/2025.