GLOBAL PARTNERS LP — Director's Dealing 2026

Jan 7, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2026-01-05

Reporting Person: Spencer Matthew (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-05	Common units representing limited partner interests	M	2624	—	Acquired	45460	Direct
2026-01-05	Common units representing limited partner interests	F	919	$42.26	Disposed	44541	Direct
2026-01-05	Common units representing limited partner interests	M	2205	—	Acquired	46746	Direct
2026-01-05	Common units representing limited partner interests	F	653	$42.26	Disposed	46093	Direct
2026-01-06	Common units representing limited partner interests	M	1719	—	Acquired	47812	Direct
2026-01-06	Common units representing limited partner interests	F	504	$42.97	Disposed	47308	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-05	Phantom Units	$0	M	2624	Disposed		Common units representing limited partner interests (2624)	Direct
2026-01-05	Phantom Units	$0	M	2205	Disposed		Common units representing limited partner interests (2205)	Direct
2026-01-06	Phantom Units	$0	M	1719	Disposed		Common units representing limited partner interests (1719)	Direct

Footnotes

F1: Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.

F2: Pursuant to a Grant Agreement dated March 3, 2023, the Reporting Person was granted 7,868 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026.

F3: Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.

F4: Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 6,614 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2025, one-third on January 5, 2026 and one-third on January 5, 2027.

F5: Pursuant to a Grant Agreement dated February 26, 2025, the Reporting Person was granted 5,157 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2026, one-third on January 6, 2027 and one-third on January 6, 2028.

F6: Each Phantom Unit is the economic equivalent of one Common Unit.