Suburban Propane unitholder plans Rule 144 sale

SUBURBAN PROPANE PARTNERS, L.P.

Rhea-AI Filing Summary

SUBURBAN PROPANE PARTNERS, L.P. (SPH) is the issuer for a planned resale of common units reported on a Rule 144 notice by Bryon Koepke. The securities to be sold were acquired from Suburban Propane on 11/14/2025 as compensation "in lieu of services," and the planned sales are to be executed through Merrill on the NYSE. The notice is a regulatory filing indicating an intent to sell restricted or control securities, not a confirmation that sales have already occurred. The document is signed by Bryon Koepke on 08/27/2026.

Key Terms

Rule 144, In Lieu of Services, control person, restricted or control securities

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

In Lieu of Services financial

"Common | 11/14/2025 | In Lieu of Services | Suburban Propane"

control person regulatory

"Officer Control Person 144: Securities Information"

A control person is an individual or entity that can significantly influence a company’s decisions and direction through ownership, voting power, or contractual rights—think of them as the captain who can steer the ship. Investors care because a control person’s choices affect corporate strategy, board appointments, and transactions that can raise or lower a stock’s value, and they often carry additional legal responsibilities and disclosure requirements to protect other shareholders.

restricted or control securities regulatory

"notice of intent under Rule 144 to sell restricted or control securities"

FAQ

What does the Form 144 filing involving SPH disclose?

It discloses that Bryon Koepke has filed a notice of intent under Rule 144 to sell common units of Suburban Propane Partners, L.P. (SPH). The filing identifies the issuer, the nature of the securities, acquisition details, and the broker that may handle the sales.

Who is selling SPH securities under this Form 144?

The seller is Bryon Koepke, identified as the person for whose account the securities are to be sold. The form notes that information must also cover any other persons whose sales must be aggregated under Rule 144(e).

How and where are the SPH securities expected to be sold?

The notice identifies Merrill as the broker through which SPH common units may be sold and specifies that the securities are listed on the NYSE. This describes the potential execution venue and intermediary for the planned sales.

How were the SPH securities being sold by Bryon Koepke acquired?

The securities are reported as acquired on 11/14/2025 from Suburban Propane as consideration "In Lieu of Services." This indicates they were received as a form of non-cash compensation rather than a cash purchase.

Does this Form 144 mean SPH units have already been sold?

No. A Form 144 is a notice of proposed sale of restricted or control securities under Rule 144. It signals an intent to sell, subject to Rule 144 conditions, but does not itself confirm that any transactions have been executed.

When was the Form 144 related to SPH signed?

The notice is signed by Bryon Koepke on 08/27/2026. This date reflects when the reporting person certified the information and the intent to rely on Rule 144 for potential sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/27/2026 - 02:13 PM Accepted by SEC EDGAR 08/27/2026 - 02:12 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001770991
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Suburban Propane Partners, L.P.
SEC File Number	001-14222
Address of Issuer	240 Rt. 10 West Whippany NEW JERSEY 07981
Phone	1-800-776-7263
Name of Person for Whose Account the Securities are To Be Sold	Bryon Koepke
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	Control Person

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill 172 Main St. Chester NJ 07930	2848	50552	66712387	08/25/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/14/2025	In Lieu of Services	Suburban Propane			69513	11/14/2025	In Lieu of Services

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	08/27/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Bryon Koepke
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)