NELLY CHRISTIAN M. (EVP-Finance and Treasurer) 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

NELLY CHRISTIAN M.

Filed: 2/18/2026ACC: 0001801849-26-000004

InsiderNELLY CHRISTIAN M.CIK 1801849

→

IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

Officer· EVP-Finance and Treasurer

Since Jan 2020

-34.05K

Net shares

Net seller

$1.25M

Total sold

Open market trades

0B · 0S

Total transactions

86.53K acquired · 120.57K disposed

Non-Derivative Transactions8

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+21.25K

Price / share

—

Trade value

—

% of position

7.9%

2/16/2026

267.80K→289.05K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−8.36K

Price / share

$36.75

Trade value

$307.30K

% of position

2.9%

2/16/2026

289.05K→280.69K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+23.13K

Price / share

—

Trade value

—

% of position

8.2%

2/16/2026

280.69K→303.81K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−9.10K

Price / share

$36.75

Trade value

$334.43K

% of position

3.0%

2/16/2026

303.81K→294.71K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+22.75K

Price / share

—

Trade value

—

% of position

7.7%

2/16/2026

294.71K→317.46K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−8.95K

Price / share

$36.75

Trade value

$329.02K

% of position

2.8%

2/16/2026

317.46K→308.51K

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+19.40K

Price / share

—

Trade value

—

% of position

6.3%

2/16/2026

308.51K→327.91K

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−7.63K

Price / share

$36.75

Trade value

$280.55K

% of position

2.3%

2/16/2026

327.91K→320.28K

Total

Net shares

+52.48K

Net value

-$1.25M

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	+21.25K	—	—	7.9%	267.80K	289.05K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−8.36K	$36.75	$307.30K	2.9%	289.05K	280.69K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+23.13K	—	—	8.2%	280.69K	303.81K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−9.10K	$36.75	$334.43K	3.0%	303.81K	294.71K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+22.75K	—	—	7.7%	294.71K	317.46K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−8.95K	$36.75	$329.02K	2.8%	317.46K	308.51K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	M · Option Exercise	+19.40K	—	—	6.3%	308.51K	327.91K
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−7.63K	$36.75	$280.55K	2.3%	327.91K	320.28K
Total			+52.48K		-$1.25M

Derivative Transactions4

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

21.25K shares

−21.25K

Strike price

Held after

0.00

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

23.13K shares

−23.13K

Strike price

Held after

23.13K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

22.75K shares

−22.75K

Strike price

Held after

45.50K

Exercisable

—

2/16/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

19.40K shares

−19.40K

Strike price

Held after

58.20K

Exercisable

—

2/16/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common Units21.25K shares	2/16/2026	M · Option Exercise	−21.25K	—	0.00
Phantom Units Direct	Common Units23.13K shares	2/16/2026	M · Option Exercise	−23.13K	—	23.13K
Phantom Units Direct	Common Units22.75K shares	2/16/2026	M · Option Exercise	−22.75K	—	45.50K
Phantom Units Direct	Common Units19.40K shares	2/16/2026	M · Option Exercise	−19.40K	—	58.20K

Non-Derivative Holdings (Post-Transaction)1

Common Units Representing Limited Partnership Interests

Indirect

Shares owned20K

Total

20K indirect20K

Security Title	Shares Owned	Ownership Type
Common Units Representing Limited Partnership Interests	20K	Indirect
Total	20K	20K indirect

Derivative Holdings (Post-Transaction)1

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

80K

Shares owned

80K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

80K

Owned

80K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units		—	—	80K	80K
Total					80K	80K