Frangou Angeliki 4
4 · Navios Maritime Partners L.P. · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Navios Maritime Partners (NMM) CEO Angeliki Frangou Buys Shares
What Happened
Angeliki Frangou, CEO and Chairwoman of Navios Maritime Partners L.P. (NMM) and a 10% owner, made three open-market purchases of NMM common units under a Rule 10b5-1 plan. The transactions were: 1,129 units on 2026-07-10 at a weighted average $75.36 ($85,086); 1,100 units on 2026-07-13 at $75.41 ($82,956); and 1,105 units on 2026-07-14 at $75.58 ($83,514). Total purchased: 3,334 units for about $251,556. These were purchases (code P) executed pursuant to a pre‑arranged 10b5-1 trading plan.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-07-10 — 1,129 units @ $75.36 (WAP); intraday prices ranged $74.87–$75.81.
- 2026-07-13 — 1,100 units @ $75.41 (WAP); intraday prices ranged $74.96–$76.03.
- 2026-07-14 — 1,105 units @ $75.58 (WAP); intraday prices ranged $74.69–$76.71.
- Purchases were made by Raymar Investments S.A. under a Rule 10b5-1 plan with UBS Financial Services (adopted Dec 9, 2025).
- Beneficial ownership reported:
- Through affiliated entities: 3,183,199 units (N Shipmanagement) + 1,489,115 units (three other entities).
- Raymar holdings: 94,264 (as of 7/10) → 95,364 (as of 7/13) → 96,469 (as of 7/14).
- Total common units beneficially owned as of 7/14 ≈ 4,768,783.
- General Partner (Olympos Maritime Ltd., affiliated) holds 622,296 general partnership units (~2.1%).
- Filing: Form 4 filed 2026-07-14 disclosing trades from 2026-07-10 through 2026-07-14; appears to have been filed within the normal reporting window.
Context
- The trades were executed under a Rule 10b5-1 plan, meaning they were pre-established instructions to buy and are generally treated as planned transactions rather than discretionary trades based on insider knowledge.
- Purchases are often of interest to investors as a potential positive signal, but 10b5-1 plan trades should be interpreted cautiously since they follow a pre-authorized schedule.
Insider Transaction Report
Form 4
Frangou Angeliki
DirectorSee Remarks10% Owner
Transactions
- Purchase
Common Unit
[F1][F2][F3]2026-07-10$75.36/sh+1,129$85,086→ 4,766,578 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F4]2026-07-13$75.41/sh+1,100$82,956→ 4,767,678 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F5]2026-07-14$75.58/sh+1,105$83,514→ 4,768,783 total(indirect: See footnote)
Holdings
- 366,776
Common Unit
- 622,296(indirect: See footnote)
General Partnership Unit
[F6]
Footnotes (6)
- [F1]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.
- [F2]The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $74.87 to $75.81 on July 10, 2026; (2) $74.96 to $76.03 on July 13, 2026; and (3) $74.69 to $76.71 on July 14, 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.
- [F3]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) 94,264 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 July 10, 2026.
- [F4]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) 95,364 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 July 13, 2026.
- [F5]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) 96,469 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 July 14, 2026.
- [F6]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 July 14, 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.
Signature
/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director|2026-07-14