Valosky Kenneth G 4

What Happened Kenneth G. Valosky, a director of CrossAmerica Partners LP (CAPL), acquired 3,154 common units on July 23, 2026 through the vesting and conversion of phantom units (reported as derivative transaction code M). No cash price or market sale was reported for these units (price shown as N/A). A separate line shows a 0-share disposition (no shares sold).

Key Details

• Transaction date: July 23, 2026 (Form 4 filed July 24, 2026 — timely).
• Transaction type: M = exercise/conversion of derivative (phantom units converted into Common Units).
• Shares acquired: 3,154 common units; price: N/A (conversion upon vesting, not an open-market purchase).
• Disposition: one reported line shows 0 shares disposed (no sale).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: Phantom units were the economic equivalent of one Common Unit each and vested on July 23, 2026; conversion into Common Units occurred at the issuer’s discretion.

Context This was a compensation/award-style conversion (vesting of phantom units) rather than a market purchase or sale. There is no indication the shares were immediately sold; therefore this transaction reflects issuance/vesting for the director rather than trading activity. For retail investors, such vesting events are routine compensation mechanics and not direct market sentiment from an open-market buy or sell.