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: 2/19/2025ACC: 0001415889-25-004701

InsiderWILLIAMS RANDA DUNCANCIK 1246514

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IssuerENTERPRISE PRODUCTS PARTNERS L.P.CIK 1061219

Director10% Owner

Since Dec 2018

-177.07K

Net shares

Net seller

$5.97M

Total sold

Open market trades

0B · 0S

Total transactions

450K acquired · 627.08K disposed

Non-Derivative Transactions2

Common Units Representing Limited Partnership Interests

Direct

M · Option Exercise

+450K

Price / share

—

Trade value

—

% of position

52.8%

2/16/2025

852.13K→1.30M

Common Units Representing Limited Partnership Interests

Direct

F · Tax Withholding

−177.07K

Price / share

$33.72

Trade value

$5.97M

% of position

13.6%

2/16/2025

1.30M→1.13M

Total

Net shares

+272.93K

Net value

-$5.97M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units Representing Limited Partnership Interests Direct	2/16/2025	M · Option Exercise	+450K	—	—	52.8%	852.13K	1.30M
Common Units Representing Limited Partnership Interests Direct	2/16/2025	F · Tax Withholding	−177.07K	$33.72	$5.97M	13.6%	1.30M	1.13M
Total			+272.93K		-$5.97M

Derivative Transactions1

Phantom Units

Direct

M · Option Exercise

Converts to

Common Units

450K shares

−450K

Strike price

Held after

0.00

Exercisable

—

2/16/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Common Units450K shares	2/16/2025	M · Option Exercise	−450K		—	0.00

Non-Derivative Holdings (Post-Transaction)15

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 owned4.92M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned604.55M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned74.75M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned469.92K

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 owned469.92K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned469.92K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned1.64M

Common Units Representing Limited Partnership Interests

Indirect

Shares owned9.09K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned101.37K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned609.12K

Common Units Representing Limited Partnership Interests

Indirect

Shares owned4.04K

Total

701.10M indirect701.10M

Security Title	Shares Owned	Ownership Type
Common Units Representing Limited Partnership Interests	4.92M	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	604.55M	Indirect
Common Units Representing Limited Partnership Interests	74.75M	Indirect
Common Units Representing Limited Partnership Interests	469.92K	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	469.92K	Indirect
Common Units Representing Limited Partnership Interests	469.92K	Indirect
Common Units Representing Limited Partnership Interests	1.64M	Indirect
Common Units Representing Limited Partnership Interests	9.09K	Indirect
Common Units Representing Limited Partnership Interests	101.37K	Indirect
Common Units Representing Limited Partnership Interests	609.12K	Indirect
Common Units Representing Limited Partnership Interests	4.04K	Indirect
Total	701.10M	701.10M 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

482K

Shares owned

482K

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

—

Total

Underlying

2.04M

Owned

2.04M

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Units Direct	Common Units	—	—	535K	535K
Phantom Units Direct	Common Units	—	—	482K	482K
Phantom Units Direct	Common Units	—	—	550K	550K
Phantom Units Direct	Common Units	—	—	475K	475K
Total				2.04M	2.04M