BACON GRAHAM W. (Executive Vice President) exercised options at ENTERPRISE PRODUCTS PARTNERS L.P.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

BACON GRAHAM W.

Filed: 2/18/2026ACC: 0001598375-26-000004

InsiderBACON GRAHAM W.CIK 1598375

→

IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

Officer· Executive Vice President

Since Dec 2016

-35.42K

Net shares

Net seller

$1.30M

Total sold

Open market trades

0B · 0S

Total transactions

90K acquired · 125.42K disposed

Non-Derivative Transactions8

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+23.75K

Price / share

—

Trade value

—

% of position

3.8%

2/16/2026

621.89K→645.64K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−9.35K

Price / share

$36.75

Trade value

$343.47K

% of position

1.4%

2/16/2026

645.64K→636.30K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+25K

Price / share

—

Trade value

—

% of position

3.9%

2/16/2026

636.30K→661.30K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−9.84K

Price / share

$36.75

Trade value

$361.55K

% of position

1.5%

2/16/2026

661.30K→651.46K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+22.50K

Price / share

—

Trade value

—

% of position

3.5%

2/16/2026

651.46K→673.96K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−8.85K

Price / share

$36.75

Trade value

$325.38K

% of position

1.3%

2/16/2026

673.96K→665.11K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+18.75K

Price / share

—

Trade value

—

% of position

2.8%

2/16/2026

665.11K→683.86K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−7.38K

Price / share

$36.75

Trade value

$271.18K

% of position

1.1%

2/16/2026

683.86K→676.48K

Total

Net shares

+54.58K

Net value

-$1.30M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+23.75K	—	—	3.8%	621.89K	645.64K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−9.35K	$36.75	$343.47K	1.4%	645.64K	636.30K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+25K	—	—	3.9%	636.30K	661.30K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−9.84K	$36.75	$361.55K	1.5%	661.30K	651.46K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+22.50K	—	—	3.5%	651.46K	673.96K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−8.85K	$36.75	$325.38K	1.3%	673.96K	665.11K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+18.75K	—	—	2.8%	665.11K	683.86K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−7.38K	$36.75	$271.18K	1.1%	683.86K	676.48K
Total			+54.58K		-$1.30M

Derivative Transactions4

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

23.75K shares

−23.75K

Strike price

Held after

0.00

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

25K shares

−25K

Strike price

Held after

25K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

22.50K shares

−22.50K

Strike price

Held after

45K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

18.75K shares

−18.75K

Strike price

Held after

56.25K

Exercisable

—

2/16/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common Units23.75K shares	2/16/2026	M · Option Exercise	−23.75K	—	0.00
Phantom Units Direct	Common Units25K shares	2/16/2026	M · Option Exercise	−25K	—	25K
Phantom Units Direct	Common Units22.50K shares	2/16/2026	M · Option Exercise	−22.50K	—	45K
Phantom Units Direct	Common Units18.75K shares	2/16/2026	M · Option Exercise	−18.75K	—	56.25K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

85K

Shares owned

85K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

85K

Owned

85K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units		—	—	85K	85K
Total					85K	85K