Frangou Angeliki 4
Research Summary
AI-generated summary
Navios Maritime (NMM) CEO Angeliki Frangou Buys Shares
What Happened
Angeliki Frangou, CEO and Chairwoman of Navios Maritime Partners L.P. and a >10% owner, purchased a total of 3,511 common units in open-market transactions between July 1 and July 6, 2026 for an aggregate cost of approximately $256,384. The purchases were executed under a Rule 10b5-1 trading plan and represent purchases (a bullish signal rather than sales).
Key Details
- Transactions (weighted-average prices shown):
- July 1, 2026: 1,189 units @ $71.59 each = $85,115 (prices that day ranged $71.05–$72.07)
- July 2, 2026: 1,173 units @ $73.05 each = $85,690 (prices that day ranged $72.17–$73.95)
- July 6, 2026: 1,149 units @ $74.48 each = $85,579 (prices that day ranged $74.11–$74.77)
- Total: 3,511 units for ~$256,384
- Beneficial ownership after transactions (per filing): approximately 4,762,129 common units (includes large indirect holdings through affiliated entities) as of July 6, 2026. In addition, an affiliated entity (Olympos Maritime Ltd.) owns 622,296 general partnership units (~2.1% of total equity).
- These purchases were made pursuant to a Rule 10b5-1 plan between Raymar Investments S.A. (an entity affiliated with Ms. Frangou) and UBS Financial Services Inc., adopted December 9, 2025 (footnote). The filing notes multiple trades each day and lists daily price ranges; reported prices are weighted averages. The filer offers to provide full per-trade details to the SEC, issuer, or any security holder on request.
- Filing: Form 4 filed July 6, 2026. No late filing was indicated in the report.
Context
A Rule 10b5-1 plan allows insiders to execute pre-scheduled trades and can reduce the extent to which individual trades reflect current insider views. Because Ms. Frangou is both a senior executive (CEO & Chair) and a >10% owner, her trades combine executive and large-holder status; the 10b5-1 disclosure is relevant when interpreting these purchases.