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  4. [Form 4] Navios Maritime Partners L.P. Insider Trading Activity

Insider at Navios Maritime Partners (NMM) buys 3,581 common units

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

Rhea-AI Filing Summary

Navios Maritime Partners L.P. insider Angeliki Frangou, through affiliated entity Raymar Investments S.A., bought 3,581 common units in open-market transactions under a Rule 10b5-1 trading plan with UBS Financial Services Inc. The purchases occurred on April 6–8, 2026 at weighted average prices around the low-$70 range, with daily trade prices ranging from $69.45 to $72.30.

After these transactions, she beneficially owns 4,692,358 common units indirectly and 366,766 common units directly, as well as 622,296 general partnership units held by Olympos Maritime Ltd., an affiliated entity representing about a 2.1% ownership interest in the partnership.

Positive

  • None.

Negative

  • None.

Insights

Pre-planned insider buying modestly increases an already large stake.

Angeliki Frangou, a director, officer and significant owner of Navios Maritime Partners L.P., bought 3,581 common units through affiliated entity Raymar Investments S.A. at prices in the high-$60 to low-$70 range. All trades were executed under a pre-established Rule 10b5-1 trading plan, signaling they were scheduled rather than opportunistic.

Following these purchases, she beneficially owns 4,692,358 common units indirectly and 366,766 directly, plus 622,296 general partnership units held by Olympos Maritime Ltd., an affiliated general partner with about a 2.1% interest. The incremental buying is small relative to her overall position, so the filing mainly reaffirms substantial ongoing insider exposure rather than changing it materially.

Insider Frangou Angeliki
Role See Remarks
Bought 3,581 shs ($253K)
Type Security Shares Price Value
Purchase Common Unit 1,208 $71.4004 $86K
Purchase Common Unit 1,173 $70.0863 $82K
Purchase Common Unit 1,200 $70.4687 $85K
holding Common Unit -- -- --
holding General Partnership Unit -- -- --
Holdings After Transaction: Common Unit — 4,692,358 shares (Indirect, See footnote); Common Unit — 366,766 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) $69.91 to $70.89 on April 6, 2026; (2) $69.45 to $71.34 on April 7, 2026; and (3) $70.66 to $72.30 on April 8, 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) 17,663 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 April 6, 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) 18,836 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 April 7, 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) 20,044 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 April 8, 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 April 8, 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.
Units bought April 6, 2026 1,200 common units at $70.4687 Open-market purchase via affiliated entity
Units bought April 7, 2026 1,173 common units at $70.0863 Open-market purchase via affiliated entity
Units bought April 8, 2026 1,208 common units at $71.4004 Open-market purchase via affiliated entity
Total units bought 3,581 common units Net buying across April 6–8, 2026
Indirect common units held 4,692,358 common units Beneficially owned indirectly after transactions
Direct common units held 366,766 common units Directly owned holding as of April 6, 2026
General partnership units 622,296 units Owned by affiliated Olympos Maritime Ltd.; about 2.1% interest
Price range of trades $69.45–$72.30 per unit Daily trade ranges April 6–8, 2026
Rule 10b5-1 trading plan financial
"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.
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein."
beneficially owned financial
"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp."
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"
ownership interest financial
"representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units."
Form 4 Insider Transactions: What Each Field Means →
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)
04/06/2026		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 Unit04/06/2026P(1)1,200A$70.4687(2)4,689,977ISee footnote(3)
Common Unit04/07/2026P(1)1,173A$70.0863(2)4,691,150ISee footnote(4)
Common Unit04/08/2026P(1)1,208A$71.4004(2)4,692,358ISee footnote(5)
Common Unit366,766D
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) $69.91 to $70.89 on April 6, 2026; (2) $69.45 to $71.34 on April 7, 2026; and (3) $70.66 to $72.30 on April 8, 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) 17,663 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 April 6, 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) 18,836 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 April 7, 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) 20,044 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 April 8, 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 April 8, 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 Director04/08/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did NMM’s Angeliki Frangou report on this Form 4?

Angeliki Frangou reported buying 3,581 Navios Maritime Partners common units in open-market transactions through Raymar Investments S.A. The trades occurred on April 6–8, 2026 at weighted average prices in the low-$70 range, under a pre-arranged Rule 10b5-1 trading plan.

At what prices were the Navios Maritime Partners (NMM) units purchased?

The filing shows weighted average purchase prices of $70.4687, $70.0863 and $71.4004 per unit on April 6–8, 2026. Footnotes state daily trade prices ranged from $69.45 to $72.30, with full trade-by-trade details available on request.

How many Navios Maritime Partners (NMM) units does Angeliki Frangou now beneficially own?

After these transactions, Angeliki Frangou beneficially owns 4,692,358 common units indirectly and 366,766 common units directly. She also has exposure through affiliated entities that collectively hold these units on her behalf, as detailed in the Form 4 footnotes.

Was the recent NMM insider buying by Angeliki Frangou pre-planned?

Yes. The filing states the transactions were made under a Rule 10b5-1 trading plan between Raymar Investments S.A. and UBS Financial Services Inc. adopted on December 9, 2025. Such plans schedule trades in advance, reducing the significance of trade timing.

What is the role of Raymar Investments S.A. in the NMM insider purchases?

Raymar Investments S.A. is an entity affiliated with Angeliki Frangou that executed the common unit purchases. The Rule 10b5-1 trading plan is between Raymar and UBS Financial Services Inc., and the units bought through Raymar are included in her beneficial ownership.

What general partnership interest is associated with Angeliki Frangou at Navios Maritime Partners (NMM)?

According to a footnote, Olympos Maritime Ltd., an entity affiliated with Angeliki Frangou, owns 622,296 general partnership units in Navios Maritime Partners. As of April 8, 2026 this represents about a 2.1% ownership interest in the partnership.