SPENCER MATTHEW (Chief Accounting Officer) exercised options at GLOBAL PARTNERS LP

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

M · 3 exercises

SPENCER MATTHEW

Filed: 1/7/2026ACC: 0001339396-26-000016

InsiderSPENCER MATTHEWCIK 1727286

→

IssuerGLOBAL PARTNERS LPCIK 1323468

Officer· Chief Accounting Officer

Since Jul 2018

-2.08K

Net shares

Net seller

$88.1K

Total sold

Open market trades

0B · 0S

Total transactions

6.55K acquired · 8.62K disposed

Non-Derivative Transactions6

Common units representing limited partner interests

Direct

M · Option Exercise

+2.62K

Price / share

—

Trade value

—

% of position

6.1%

1/5/2026

42.84K→45.46K

Common units representing limited partner interests

Direct

F · Tax Withholding

−919.00

Price / share

$42.26

Trade value

$38.84K

% of position

2.0%

1/5/2026

45.46K→44.54K

Common units representing limited partner interests

Direct

M · Option Exercise

+2.21K

Price / share

—

Trade value

—

% of position

5.0%

1/5/2026

44.54K→46.75K

Common units representing limited partner interests

Direct

F · Tax Withholding

−653.00

Price / share

$42.26

Trade value

$27.60K

% of position

1.4%

1/5/2026

46.75K→46.09K

Common units representing limited partner interests

Direct

M · Option Exercise

+1.72K

Price / share

—

Trade value

—

% of position

3.7%

1/6/2026

46.09K→47.81K

Common units representing limited partner interests

Direct

F · Tax Withholding

−504.00

Price / share

$42.97

Trade value

$21.66K

% of position

1.1%

1/6/2026

47.81K→47.31K

Total

Net shares

+4.47K

Net value

-$88.09K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common units representing limited partner interests Direct	1/5/2026	M · Option Exercise	+2.62K	—	—	6.1%	42.84K	45.46K
Common units representing limited partner interests Direct	1/5/2026	F · Tax Withholding	−919.00	$42.26	$38.84K	2.0%	45.46K	44.54K
Common units representing limited partner interests Direct	1/5/2026	M · Option Exercise	+2.21K	—	—	5.0%	44.54K	46.75K
Common units representing limited partner interests Direct	1/5/2026	F · Tax Withholding	−653.00	$42.26	$27.60K	1.4%	46.75K	46.09K
Common units representing limited partner interests Direct	1/6/2026	M · Option Exercise	+1.72K	—	—	3.7%	46.09K	47.81K
Common units representing limited partner interests Direct	1/6/2026	F · Tax Withholding	−504.00	$42.97	$21.66K	1.1%	47.81K	47.31K
Total			+4.47K		-$88.09K

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Common units representing limited partner interests

2.62K shares

−2.62K

Strike price

Held after

0.00

Exercisable

—

1/5/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common units representing limited partner interests

2.21K shares

−2.21K

Strike price

Held after

2.20K

Exercisable

—

1/5/2026

Phantom Units

Direct

M · Option Exercise

Converts to

Common units representing limited partner interests

1.72K shares

−1.72K

Strike price

Held after

3.44K

Exercisable

—

1/6/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Common units representing limited partner interests2.62K shares	1/5/2026	M · Option Exercise	−2.62K	—	0.00
Phantom Units Direct	Common units representing limited partner interests2.21K shares	1/5/2026	M · Option Exercise	−2.21K	—	2.20K
Phantom Units Direct	Common units representing limited partner interests1.72K shares	1/6/2026	M · Option Exercise	−1.72K	—	3.44K