Navios Maritime (NMM) CEO Angeliki Frangou Buys Shares

What Happened

• Angeliki Frangou, Chief Executive Officer and Chairwoman of Navios Maritime Partners L.P. (NMM) and a >10% owner, purchased a total of 2,524 common units in open-market transactions between July 31 and August 4, 2026. The purchases were: 830 shares at $80.00 on July 31 ($66,400), 653 shares at a weighted average $79.91 on August 3 ($52,183), and 1,041 shares at a weighted average $78.94 on August 4 ($82,176), for aggregate cash outlay of approximately $200,759. These were purchases (buy activity), which investors often view as a more informative signal than sales.

Key Details

• Transaction dates & reported weighted-average prices:
  • 2026-07-31: 830 shares @ $80.00 = $66,400
  • 2026-08-03: 653 shares @ $79.91 = $52,183 (actual trades ranged $79.61–$80.00)
  • 2026-08-04: 1,041 shares @ $78.94 = $82,176 (actual trades ranged $77.45–$80.00)
• Total bought: 2,524 shares for ~$200,759.
• Beneficial ownership after Aug 4, 2026 (per filing): 4,784,551 common units in aggregate (includes 3,183,199 via N Shipmanagement Acquisition Corp., 1,489,115 via three other affiliated entities, and 112,237 held by Raymar Investments S.A. under the 10b5-1 plan).
• Olympos Maritime Ltd. (affiliated with Ms. Frangou) is the General Partner and holds 622,296 general partnership units (~2.1% interest).
• Trades were executed pursuant to a Rule 10b5-1 trading plan adopted Dec 9, 2025 between Raymar Investments S.A. and UBS Financial Services Inc. The filing notes the reported per-day prices are weighted averages and that full per-trade details can be provided on request.
• Filing date: Aug 4, 2026; the filing does not indicate a late report.

Context

• These purchases were made under a pre-established 10b5-1 plan (automated plan for trading by insiders). Such plans are commonly used to set routine trades in advance and can reduce the appearance of opportunistic timing, though they do not by themselves explain intent.
• As a large/10% owner and the company’s CEO & Chair, Ms. Frangou’s purchases increase her stake modestly; investors often regard insider buys as a positive signal, but they should be considered alongside broader fundamental and market factors.