WILLIAMS RANDA DUNCAN exercised options at ENTERPRISE PRODUCTS PARTNERS L.P.

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

M · 1 exercise

WILLIAMS RANDA DUNCAN

Filed: 2/18/2026ACC: 0001246514-26-000005

InsiderWILLIAMS RANDA DUNCANCIK 1246514

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IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

Director10% Owner

Since Dec 2018

-189.67K

Net shares

Net seller

$6.97M

Total sold

Open market trades

0B · 0S

Total transactions

482K acquired · 671.67K disposed

Non-Derivative Transactions2

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+482K

Price / share

—

Trade value

—

% of position

42.8%

2/16/2026

1.13M→1.61M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−189.67K

Price / share

$36.75

Trade value

$6.97M

% of position

11.8%

2/16/2026

1.61M→1.42M

Total

Net shares

+292.33K

Net value

-$6.97M

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	+482K	—	—	42.8%	1.13M	1.61M
Common Units Representing Limited Partnership Interests Direct	2/16/2026	F · Tax Withholding	−189.67K	$36.75	$6.97M	11.8%	1.61M	1.42M
Total			+292.33K		-$6.97M

Derivative Transactions1

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

482K shares

−482K

Strike price

Held after

0.00

Exercisable

—

2/16/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Common Units482K shares	2/16/2026	M · Option Exercise	−482K		—	0.00

Non-Derivative Holdings (Post-Transaction)15

Common Units Representing Limited Partnership Interests

Indirect

Shares owned74.75M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned604.55M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned4.92M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned4.92M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned1.64M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned1.64M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned4.92M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned1.64M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned469.92K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned469.92K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned469.92K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned650.12K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned9.09K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned108.19K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned4.04K

Total

701.15M indirect701.15M

Security Title	Shares Owned	Ownership Type
Common Units Representing Limited Partnership Interests	74.75M	Indirect
Common Units Representing Limited Partnership Interests	604.55M	Indirect
Common Units Representing Limited Partnership Interests	4.92M	Indirect
Common Units Representing Limited Partnership Interests	4.92M	Indirect
Common Units Representing Limited Partnership Interests	1.64M	Indirect
Common Units Representing Limited Partnership Interests	1.64M	Indirect
Common Units Representing Limited Partnership Interests	4.92M	Indirect
Common Units Representing Limited Partnership Interests	1.64M	Indirect
Common Units Representing Limited Partnership Interests	469.92K	Indirect
Common Units Representing Limited Partnership Interests	469.92K	Indirect
Common Units Representing Limited Partnership Interests	469.92K	Indirect
Common Units Representing Limited Partnership Interests	650.12K	Indirect
Common Units Representing Limited Partnership Interests	9.09K	Indirect
Common Units Representing Limited Partnership Interests	108.19K	Indirect
Common Units Representing Limited Partnership Interests	4.04K	Indirect
Total	701.15M	701.15M indirect

Derivative Holdings (Post-Transaction)4

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

535K

Shares owned

535K

Exercise price

Expiration

—

Exercise window

—

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

550K

Shares owned

550K

Exercise price

Expiration

—

Exercise window

—

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

475K

Shares owned

475K

Exercise price

Expiration

—

Exercise window

—

Phantom Units

Direct

Underlying security

Common Units

Underlying shares

500K

Shares owned

500K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

2.06M

Owned

2.06M

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units	—	—	535K	535K
Phantom Units Direct	Common Units	—	—	550K	550K
Phantom Units Direct	Common Units	—	—	475K	475K
Phantom Units Direct	Common Units	—	—	500K	500K
Total				2.06M	2.06M