Dunne Manning CAP Holdings I LLC 4

What Happened

• Joseph V. Topper, identified as a 10% owner of CrossAmerica Partners LP (CAPL), recorded an internal transfer on May 21, 2026 in which 6,373 common units were reported as disposed by Mr. Topper and simultaneously acquired by The Patricia Dunne Topper Trust. The transaction used a median unit price of $22.72, representing about $144,795 on each side of the transfer. This was an intra-family / intra-controlled-entity transfer, not an open-market sale.

Key Details

• Transaction date: May 21, 2026. Filing date: May 26, 2026 (five days after the transaction).
• Price used for reporting: $22.72 per unit (median price on May 20, 2026).
• Units transferred: 6,373 units; reported value ≈ $144,795.
• Ownership context: The 6,373 units represent 1% of the total units owned by MMSCC-2, LLC (rounded to the nearest unit), per the filing.
• Holdings called out in the filing: MMSCC-2, LLC holds 637,264 common units and JVT-JMG EROP Holdings, LP holds 880,993 common units; various footnotes explain that these entities and the Topper Trust are controlled by Mr. Topper.
• Footnote highlights: The transfer was from Mr. Topper’s 1% membership interest in MMSCC-2, LLC to the Topper Trust, which Mr. Topper controls. Mr. Topper disclaims beneficial ownership of units except to the extent of his pecuniary interest (see filing footnotes).

Context

• This appears to be an internal reorganization/transfer among entities and trusts controlled by Mr. Topper rather than a market sale to third parties; such transfers often reflect estate, trust, or governance structuring rather than a signal of buying/selling sentiment.
• Because Mr. Topper is a 10% owner and controls the Topper Trust, these changes are primarily reporting of control/ownership allocation, not a routine open-market purchase or sale.
• Note the filing was five days after the transaction date; investors tracking insider timeliness may want to verify whether the Form 4 was filed within reporting deadlines.