Global GP LLC 4

What Happened

• Global GP LLC (the general partner of Global Partners LP) bought 10,000 common units in two open‑market purchases: 5,000 units on 2026-06-17 at a weighted average price of $43.28 ($216,400) and 5,000 units on 2026-06-18 at a weighted average price of $42.81 ($214,050), totaling approximately $430,450. These were purchases (code P), not sales.

Key Details

• Transaction dates and prices:
  • 2026-06-17: 5,000 units at weighted avg $43.28 (range $42.53–$43.88 per filing footnote)
  • 2026-06-18: 5,000 units at weighted avg $42.81 (range $42.52–$43.05 per filing footnote)
• Total value: ~$430,450
• Shares owned after transaction: Not disclosed in this Form 4
• Notable footnotes:
  • F1: Purchases were made to satisfy obligations under the Global Partners LP Long‑Term Incentive Plan (LTIP); the reporting person disclaims any pecuniary interest and says this report should not be taken as admission of beneficial ownership.
  • F2/F3: Reported prices are weighted averages; the filing offers to provide a breakdown of exact transaction prices within the stated ranges upon request.
• Timeliness: Filed 2026-06-22 for trades on 2026-06-17 and 2026-06-18 — this is later than the standard 2‑business‑day Form 4 filing window, which reduces near‑term transparency.

Context

• These purchases were made by the general partner to satisfy LTIP award obligations for directors and officers, which is an administrative/plan‑related transaction rather than a direct personal buy by an individual officer. Such plan‑satisfying transactions may not signal the same personal conviction as direct insider purchases.