Frangou Angeliki 4

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.