Frangou Angeliki 4
4 · Navios Maritime Partners L.P. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Navios Maritime (NMM) CEO Angeliki Frangou Buys Shares
What Happened Angeliki Frangou, Chief Executive Officer and Chairwoman of Navios Maritime Partners L.P. (NMM) and a reported 10% owner, purchased a total of 3,747 common units in open‑market transactions executed March 24–26, 2026. The purchases were: 1,273 units at a weighted average $68.04 ($86,614) on 3/24; 1,220 units at $67.12 ($81,885) on 3/25; and 1,254 units at $67.81 ($85,039) on 3/26 — total consideration about $253,538. These are purchases (code P), which are typically viewed as a more bullish insider action than sales.
Key Details
- Dates & prices: Mar 24 (weighted avg $68.04; per-transaction range $67.62–$68.29), Mar 25 (weighted avg $67.12; range $66.58–$68.15), Mar 26 (weighted avg $67.81; range $67.17–$68.42). Detailed per-trade prices/quantities available on request (footnote F2).
- Plan: Trades executed pursuant to a Rule 10b5‑1 trading plan through Raymar Investments S.A. and UBS Financial Services (plan adopted Dec 9, 2025) (footnote F1).
- Shares owned after trades (beneficial ownership): as of Mar 26, 2026 Ms. Frangou beneficially owned 4,682,488 common units (3,183,199 via N Shipmanagement Acquisition Corp. + 1,489,115 via three other affiliated entities + 10,174 through Raymar) (footnotes F3–F5).
- General partner stake: Olympos Maritime Ltd., affiliated with Ms. Frangou, holds 622,296 general partnership units (~2.1% of NMM) (footnote F6).
- Timeliness: Form 4 filed Mar 26, 2026 covering trades Mar 24–26, 2026; filing appears timely under Section 16 reporting rules.
Context
- These were purchases recorded under a pre‑arranged 10b5‑1 plan, which can mean trades were pre‑scheduled rather than discretionary decisions made at time of each trade. That structure reduces (but does not eliminate) the inference that the insider traded based on current inside information.
- For retail investors: purchases by senior insiders can be informative, but should be considered alongside company fundamentals and broader market factors. This summary is factual only and not investment advice.
Insider Transaction Report
Form 4
Frangou Angeliki
DirectorSee Remarks10% Owner
Transactions
- Purchase
Common Unit
[F1][F2][F3]2026-03-24$68.04/sh+1,273$86,614→ 4,680,014 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F4]2026-03-25$67.12/sh+1,220$81,885→ 4,681,234 total(indirect: See footnote) - Purchase
Common Unit
[F1][F2][F5]2026-03-26$67.81/sh+1,254$85,039→ 4,682,488 total(indirect: See footnote)
Holdings
- 366,766
Common Unit
- 622,296(indirect: See footnote)
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) $67.62 to $68.29 on March 24, 2026; (2) $66.58 to $68.15 on March 25, 2026 and (3) $67.17 to $68.42 on March 26, 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) 7,700 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 24, 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) 8,920 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 25, 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) 10,174 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 26, 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 26, 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|2026-03-26