Global GP LLC 4

What Happened
Global GP LLC (the General Partner) made three open-market purchases of Global Partners LP (GLP) common units: 5,000 units on 2026-06-01 at $48.41 ($242,050), 5,000 units on 2026-06-02 at $49.19 ($245,950), and 5,000 units on 2026-06-03 at $49.42 (~$247,100). Total acquired: 15,000 units for approximately $735,100. These were purchases (a bullish-type transaction in that shares were acquired), but the filing notes the purchases were made to satisfy obligations under the company’s Long-Term Incentive Plan (LTIP).

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-06-01 — 5,000 units @ $48.41 (weighted avg; underlying trades ranged $48.20–$48.93) — ~$242,050 (Footnote F2)
  • 2026-06-02 — 5,000 units @ $49.19 (weighted avg; underlying trades ranged $48.78–$49.47) — ~$245,950 (Footnote F3)
  • 2026-06-03 — 5,000 units @ $49.42 (weighted avg; underlying trades ranged $48.99–$49.75) — ~$247,100 (Footnote F4)
• Total acquired: 15,000 common units for ~ $735,100.
• Purpose/ownership note (Footnote F1): Purchases were made to satisfy LTIP award obligations for directors and officers; the reporting person disclaims a pecuniary/beneficial ownership interest under Section 16.
• Shares owned after the transactions: Not disclosed in this Form 4.
• Filing timeliness: Reported period 2026-06-01, filed 2026-06-03 — appears timely (no late filing indicated).

Context
Because the purchases were made by the General Partner specifically to satisfy LTIP award obligations and the filer disclaims beneficial ownership, these buys may reflect administrative plan-related activity rather than a direct insider investment signal. Retail investors should note purchases are factual (shares were acquired) but the LTIP/beneficial-ownership disclaimers limit how much inference one can draw about the General Partner’s market view.