FOWLER W RANDALL (President and CFO) 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

FOWLER W RANDALL

Filed: 2/18/2026ACC: 0001183243-26-000004

InsiderFOWLER W RANDALLCIK 1183243

→

IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

DirectorOfficer· President and CFO

Since Nov 2018

-113.13K

Net shares

Net seller

$4.16M

Total sold

Open market trades

0B · 0S

Total transactions

287.50K acquired · 400.63K disposed

Non-Derivative Transactions8

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+66.25K

Price / share

—

Trade value

—

% of position

4.1%

2/16/2026

1.63M→1.70M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−26.07K

Price / share

$36.75

Trade value

$958.07K

% of position

1.5%

2/16/2026

1.70M→1.67M

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+75K

Price / share

—

Trade value

—

% of position

4.5%

2/16/2026

1.67M→1.75M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−29.51K

Price / share

$36.75

Trade value

$1.08M

% of position

1.7%

2/16/2026

1.75M→1.72M

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+77.50K

Price / share

—

Trade value

—

% of position

4.5%

2/16/2026

1.72M→1.79M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−30.50K

Price / share

$36.75

Trade value

$1.12M

% of position

1.7%

2/16/2026

1.79M→1.76M

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+68.75K

Price / share

—

Trade value

—

% of position

3.9%

2/16/2026

1.76M→1.83M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−27.05K

Price / share

$36.75

Trade value

$994.23K

% of position

1.5%

2/16/2026

1.83M→1.80M

Total

Net shares

+174.37K

Net value

-$4.16M

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	+66.25K	—	—	4.1%	1.63M	1.70M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−26.07K	$36.75	$958.07K	1.5%	1.70M	1.67M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+75K	—	—	4.5%	1.67M	1.75M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−29.51K	$36.75	$1.08M	1.7%	1.75M	1.72M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+77.50K	—	—	4.5%	1.72M	1.79M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−30.50K	$36.75	$1.12M	1.7%	1.79M	1.76M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+68.75K	—	—	3.9%	1.76M	1.83M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−27.05K	$36.75	$994.23K	1.5%	1.83M	1.80M
Total			+174.37K		-$4.16M

Derivative Transactions4

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

66.25K shares

−66.25K

Strike price

Held after

0.00

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

75K shares

−75K

Strike price

Held after

75K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

77.50K shares

−77.50K

Strike price

Held after

155K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

68.75K shares

−68.75K

Strike price

Held after

206.25K

Exercisable

—

2/16/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common Units66.25K shares	2/16/2026	M · Option Exercise	−66.25K	—	0.00
Phantom Units Direct	Common Units75K shares	2/16/2026	M · Option Exercise	−75K	—	75K
Phantom Units Direct	Common Units77.50K shares	2/16/2026	M · Option Exercise	−77.50K	—	155K
Phantom Units Direct	Common Units68.75K shares	2/16/2026	M · Option Exercise	−68.75K	—	206.25K

Non-Derivative Holdings (Post-Transaction)2

Common Units Representing Limited Partnership Interests

Indirect

Shares owned708.42K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned2.34K

Total

710.76K indirect710.76K

Security Title	Shares Owned	Ownership Type
Common Units Representing Limited Partnership Interests	708.42K	Indirect
Common Units Representing Limited Partnership Interests	2.34K	Indirect
Total	710.76K	710.76K indirect

Derivative Holdings (Post-Transaction)1

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

295K

Shares owned

295K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

295K

Owned

295K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units		—	—	295K	295K
Total					295K	295K