Frangou Angeliki 4
4 · Navios Maritime Partners L.P. · Filed Jul 27, 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 reported 10% owner, acquired a total of 3,268 common units in three open‑market transactions between July 23 and July 27, 2026. Reported daily counts: 1,131 (Jul 23), 1,084 (Jul 24), and 1,053 (Jul 27).
- The filing reports weighted average prices of $79.02 (Jul 24) and $77.64 (Jul 27). The Jul 23 line in the filing contains an apparent typographical error (an implausible per‑share figure and an aggregate value in the hundreds of millions). The filing’s footnote clarifies the actual price range for Jul 23 was $73.73–$76.34. Using the footnote ranges, the three purchases imply an approximate cash outlay of roughly $250–$260K (approx. $252K using midrange pricing), with $85.7K and $81.8K confirmed for Jul 24 and Jul 27 respectively.
Key Details
- Transaction dates & reported prices:
- Jul 23, 2026 — 1,131 shares (filing shows a typographical price; footnote reports per‑share range $73.73–$76.34)
- Jul 24, 2026 — 1,084 shares @ $79.02 (≈ $85,657)
- Jul 27, 2026 — 1,053 shares @ $77.64 (≈ $81,750)
- Shares owned after transactions (beneficial ownership in filing):
- After Jul 23: 4,776,699 common units (3,183,199 via N Shipmanagement; 1,489,115 via three other affiliated entities; 104,385 via Raymar Investments S.A.)
- After Jul 24: 4,777,783 common units (Raymar balance reported as 105,469)
- After Jul 27: 4,778,836 common units (Raymar balance reported as 106,522)
- Notable footnotes:
- Trades were executed under a Rule 10b5‑1 trading plan between Raymar Investments S.A. (an entity affiliated with Ms. Frangou) and UBS Financial Services Inc., adopted Dec 9, 2025 — indicating these were pre‑scheduled plan trades.
- The filing discloses per‑day price ranges and offers to provide the per‑trade breakdown on request. One line contains an apparent typographical error for Jul 23 pricing/aggregate.
- Olympos Maritime Ltd. (affiliated) is the General Partner and holds 622,296 general partnership units (~2.1% interest as of Jul 27, 2026).
- Timeliness: Form 4 was filed July 27, 2026 (the filing does not flag lateness; confirm compliance if timing is a material concern).
Context
- These are purchases (acquisitions) executed under a 10b5‑1 plan, which typically means trades were pre‑arranged and do not necessarily reflect new insider views on company prospects. For retail investors, scheduled purchases are informative but less actionable than unscheduled insider buys.
Insider Transaction Report
Form 4
Frangou Angeliki
DirectorSee Remarks10% Owner
Transactions
- Purchase
Common Unit
[F1][F2][F3]2026-07-23$748119.00/sh+1,131$846,122,589→ 4,776,699 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F4]2026-07-24$79.02/sh+1,084$85,657→ 4,777,783 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F5]2026-07-27$77.64/sh+1,053$81,750→ 4,778,836 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) $73.73 to $76.34 on July 23, 2026; (2) $78.09 to $80.00 on July 24, 2026; and (3) $77.09 to $78.38 on July 27, 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) 104,385 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 23, 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) 105,469 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 24, 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) 106,522 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 27, 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 27, 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|2026-07-27