Frangou Angeliki 4

What Happened

• Angeliki Frangou, Chief Executive Officer and Chairwoman of Navios Maritime Partners L.P. (NMM) and a reported 10% owner, acquired a total of 3,320 common units in open-market purchases on July 7–9, 2026. The buys were: 1,113 units at a weighted average $75.12 ($83,610) on July 7; 1,108 units at $76.14 ($84,368) on July 8; and 1,099 units at $73.74 ($81,038) on July 9 — about $249,016 in aggregate. These were purchases (a buy), executed under a pre-established trading plan.

Key Details

• Dates & reported weighted-average prices:
  • July 7, 2026: 1,113 units @ $75.12 (total $83,610). Actual intraday prices: $74.50–$75.90.
  • July 8, 2026: 1,108 units @ $76.14 (total $84,368). Actual intraday prices: $75.81–$76.60.
  • July 9, 2026: 1,099 units @ $73.74 (total $81,038). Actual intraday prices: $72.88–$75.38.
• Purchases were made by Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc. (adopted Dec 9, 2025). The filing notes multiple trades each day and reports weighted-average prices; full per-trade details are available upon request to the SEC staff, issuer, or security holders.
• Beneficial ownership reported:
  • Total beneficially owned after the July 9 trades: 4,765,449 common units (aggregate of indirect holdings plus 93,135 units held through Raymar as of July 9).
  • General Partner (Olympos Maritime Ltd., affiliated with Ms. Frangou) holds 622,296 general partnership units (~2.1% interest as of July 9).
• Filing timeliness: Form filed July 9, 2026 covering transactions July 7–9 — appears timely (no late-filing remark).

Context

• These were purchases executed under a 10b5-1 plan (pre-arranged systematic trades), which is common for insiders to avoid trading on non-public information. Purchases are generally viewed as a positive signal by some investors, but the use of a 10b5-1 plan indicates the trades followed an established schedule rather than ad hoc insider decisions.