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Navios Maritime Partners L.P.·4

Mar 26, 6:40 PM ET

Frangou Angeliki 4

Research Summary

AI-generated summary

Updated

Navios Maritime (NMM) CEO Angeliki Frangou Buys Shares

What Happened Angeliki Frangou, Chief Executive Officer and Chairwoman of Navios Maritime Partners L.P. (NMM) and a reported 10% owner, purchased a total of 3,747 common units in open‑market transactions executed March 24–26, 2026. The purchases were: 1,273 units at a weighted average $68.04 ($86,614) on 3/24; 1,220 units at $67.12 ($81,885) on 3/25; and 1,254 units at $67.81 ($85,039) on 3/26 — total consideration about $253,538. These are purchases (code P), which are typically viewed as a more bullish insider action than sales.

Key Details

  • Dates & prices: Mar 24 (weighted avg $68.04; per-transaction range $67.62–$68.29), Mar 25 (weighted avg $67.12; range $66.58–$68.15), Mar 26 (weighted avg $67.81; range $67.17–$68.42). Detailed per-trade prices/quantities available on request (footnote F2).
  • Plan: Trades executed pursuant to a Rule 10b5‑1 trading plan through Raymar Investments S.A. and UBS Financial Services (plan adopted Dec 9, 2025) (footnote F1).
  • Shares owned after trades (beneficial ownership): as of Mar 26, 2026 Ms. Frangou beneficially owned 4,682,488 common units (3,183,199 via N Shipmanagement Acquisition Corp. + 1,489,115 via three other affiliated entities + 10,174 through Raymar) (footnotes F3–F5).
  • General partner stake: Olympos Maritime Ltd., affiliated with Ms. Frangou, holds 622,296 general partnership units (~2.1% of NMM) (footnote F6).
  • Timeliness: Form 4 filed Mar 26, 2026 covering trades Mar 24–26, 2026; filing appears timely under Section 16 reporting rules.

Context

  • These were purchases recorded under a pre‑arranged 10b5‑1 plan, which can mean trades were pre‑scheduled rather than discretionary decisions made at time of each trade. That structure reduces (but does not eliminate) the inference that the insider traded based on current inside information.
  • For retail investors: purchases by senior insiders can be informative, but should be considered alongside company fundamentals and broader market factors. This summary is factual only and not investment advice.