Suburban Propane Partners (NYSE: SPH) director sells 10,000 units under Rule 10b5-1 plan

Rhea-AI Filing Summary

Suburban Propane Partners LP director reports Rule 10b5-1 sale

A director of Suburban Propane Partners LP (SPH) reported selling 10,000 common units representing limited partnership interests on 12/02/2025 at a price of $19.31 per unit. This was disclosed as an open market sale coded "S" in the non-derivative securities table.

After this transaction, the reporting person beneficially owns 63,176 common units, held directly. The filing notes that the sale was made under a written trading plan entered into on August 14, 2025, intended to meet the affirmative defense conditions of Rule 10b5-1(c), which allows pre-arranged trading programs for insiders.

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).

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^*

Chanin Matthew J

(Last) (First) (Middle)

C/O SUBURBAN PROPANE PARTNERS, L.P.

240 ROUTE 10 WEST

(Street)

WHIPPANY NJ 07981

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SUBURBAN PROPANE PARTNERS LP [ SPH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Units (representing limited partnership interests)	12/02/2025		S		10,000	D	$19.31	63,176	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

This transaction was made pursuant to a written plan entered into on August 14, 2025, for the sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

	Bryon Koepke, by power of attorney	12/04/2025
	** 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 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.

FAQ

What insider transaction did Suburban Propane Partners LP (SPH) report?

A director of Suburban Propane Partners LP reported selling 10,000 common units representing limited partnership interests in an open market transaction.

At what price were the SPH units sold in this Form 4 filing?

The 10,000 common units were sold at a price of $19.31 per unit, as reported in the Form 4.

How many Suburban Propane Partners LP units does the insider own after the sale?

Following the reported transaction, the insider beneficially owns 63,176 common units of Suburban Propane Partners LP, held directly.

Was the SPH insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the transaction was made under a written plan entered into on August 14, 2025, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

What is the relationship of the reporting person to Suburban Propane Partners LP (SPH)?

The reporting person is identified as a director of Suburban Propane Partners LP, with the Form 4 indicating the filing is by one reporting person.

Did the Form 4 filing report any derivative securities for SPH?

The Form 4 includes a table for derivative securities, but no derivative transactions or holdings are reported in the excerpt provided.