Frangou Angeliki 4
4 · Navios Maritime Partners L.P. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Navios Maritime (NMM) CEO Angeliki Frangou Buys Shares
What Happened Angeliki Frangou, CEO and Chairwoman of Navios Maritime Partners L.P. (NMM) and a reported 10% owner, acquired a total of 3,771 common units in three open-market purchases between March 19 and March 23, 2026. The trades were: 1,235 shares @ $67.00 on 3/19 ($82,740); 1,247 shares @ $66.71 on 3/20 ($83,183); and 1,289 shares @ $64.87 on 3/23 ($83,616). Aggregate spend across the three days was $249,539. These were purchases (acquisitions), executed through an affiliated entity, Raymar Investments S.A.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-03-19: 1,235 shares @ $67.00 = $82,740 (intraday prices ranged $66.43–$67.47)
- 2026-03-20: 1,247 shares @ $66.71 = $83,183 (intraday prices ranged $65.72–$67.06)
- 2026-03-23: 1,289 shares @ $64.87 = $83,616 (intraday prices ranged $64.00–$65.38)
- Total shares bought: 3,771; total value: $249,539.
- Shares owned after each reporting date (beneficially, including indirect holdings):
- As of 3/19: 4,676,205 common units
- As of 3/20: 4,677,452 common units
- As of 3/23: 4,678,741 common units
- Trades were made by Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan adopted December 9, 2025, with UBS Financial Services Inc. (pre-specified plan).
- The filing does not show a late-report indicator; transactions were reported with the March 23, 2026 Form 4 (Period of Report: 2026-03-19).
- Additional note: Olympos Maritime Ltd. (affiliated with Ms. Frangou) is the general partner and holds 622,296 GP units (~2.1% of total units).
Context
- These purchases were effected under a Rule 10b5-1 plan, which means trades were pre-authorized according to a schedule/criteria set in advance; such plans can limit the extent to which trades reflect contemporaneous decisions. The filing reports weighted-average prices per day; the filer offers to provide detailed per-transaction prices and quantities on request. P = Purchase.
Insider Transaction Report
Form 4
Frangou Angeliki
DirectorSee Remarks10% Owner
Transactions
- Purchase
Common Unit
[F1][F2][F3]2026-03-19$67.00/sh+1,235$82,740→ 4,676,205 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F4]2026-03-20$66.71/sh+1,247$83,183→ 4,677,452 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F5]2026-03-23$64.87/sh+1,289$83,616→ 4,678,741 total(indirect: See footnote)
Holdings
- 366,766
Common Unit
- 622,296
General Partnership Unit
[F6]
Footnotes (6)
- [F1]The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.
- [F2]The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $66.43 to $67.47 on March 19, 2026; (2) $65.72 to $67.06 on March 20, 2026 and (3) $64.00 to $65.38 on March 23, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.
- [F3]The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 3,891 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 19, 2026.
- [F4]The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 5,138 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 20, 2026.
- [F5]The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 6,427 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 23, 2026.
- [F6]Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of March 23, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.
Signature
/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director|2026-03-23