Global GP LLC 4

What Happened
Global GP LLC, the general partner of Global Partners LP (GLP), purchased a total of 10,000 common units in two open-market transactions — 5,000 units on 2026-06-12 at a weighted average price of $46.50 ($232,500) and 5,000 units on 2026-06-15 at a weighted average price of $46.69 ($233,450). Total consideration for the purchases was $465,950. These were purchases (not sales), which are generally viewed as a more informative signal than routine sales.

Key Details

• Transaction dates and reported prices:
  • 2026-06-12: Purchase of 5,000 units at $46.50 (weighted avg; actual trades ranged $45.90–$47.00 per footnote)
  • 2026-06-15: Purchase of 5,000 units at $46.69 (weighted avg; actual trades ranged $46.25–$47.14 per footnote)
• Total units acquired: 10,000; total value: $465,950.
• Shares owned after transaction: Not specified in the provided filing.
• Purpose/footnotes:
  • Footnote F1: Units were purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan (LTIP) for awards previously granted to directors and officers. The reporting person disclaims pecuniary interest and says this should not be taken as an admission of beneficial ownership under Section 16.
  • Footnotes F2/F3: Reported prices are weighted averages; the filer can provide a breakdown of prices upon request.
• Filing timeliness: Reported on 2026-06-16. Based on the trade dates (6/12 and 6/15), the Form 4 appears timely.

Context
These purchases were made by the general partner entity to satisfy LTIP award obligations — an administrative buy to deliver units for compensation awards rather than a clear personal directional trade by an individual executive. While purchases can be a positive signal, this filing primarily documents an LTIP-related acquisition by the partnership entity.