Christopher Zolas - 10 Feb 2026 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Reporting relationship: Chief Financial Officer
Issuer ticker: NRP
Reported as of: 10 Feb 2026
Net transaction value: -$846,392
SEC form: 4
Accepted by SEC: 12 Feb 2026, 17:15:06 UTC
Prior SEC filing: 06 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ CHRISTOPHER ZOLAS

Key filing fact

Christopher Zolas filed Form 4 for NATURAL RESOURCE PARTNERS LP (NRP) on 12 Feb 2026.

Key facts

This page summarizes Christopher Zolas's Form 4 filing for NATURAL RESOURCE PARTNERS LP (NRP).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 12 Feb 2026, 17:15.

Change

Previous filing in this sequence was filed on 06 Feb 2026.
Current net transaction value: -$846,392.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001635057 Primary reporting owner

Zolas Christopher

Relationship: Chief Financial Officer
Address: 1415 LOUISIANA STREET, SUITE 3325, HOUSTON
Signature: /s/ CHRISTOPHER ZOLAS
Signature date: 12 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NRP transaction

COMMON UNITS

Options Exercise

Transaction value
Shares: +18,418
Change %: +35%
Price
Shares after: 70,376
Date: 10 Feb 2026
Ownership: Direct
Footnotes: F1

NRP transaction

COMMON UNITS

Tax liability

Transaction value: $846,392
Shares: -6,879
Change %: -9.8%
Price: $123.04
Shares after: 63,497
Date: 10 Feb 2026
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NRP transaction Derivative

PERFORMANCE UNITS

Options Exercise

Transaction value
Shares: +10,619
Change %
Price
Shares after: 0
Date: 10 Feb 2026
Ownership: Direct
Underlying class: COMMON UNITS
Underlying amount: 10,619
Exercise price
Footnotes: F2

NRP transaction Derivative

PHANTOM UNITS

Options Exercise

Transaction value
Shares: +6,415
Change %
Price
Shares after: 0
Date: 10 Feb 2026
Ownership: Direct
Underlying class: COMMON UNITS
Underlying amount: 6,415
Exercise price
Footnotes: F3

NRP transaction Derivative

PHANTOM UNITS

Options Exercise

Transaction value
Shares: +725
Change %
Price
Shares after: 725
Date: 10 Feb 2026
Ownership: Direct
Underlying class: COMMON UNITS
Underlying amount: 725
Exercise price
Footnotes: F4

NRP transaction Derivative

PHANTOM UNITS

Options Exercise

Transaction value
Shares: +659
Change %: +100%
Price
Shares after: 1,318
Date: 10 Feb 2026
Ownership: Direct
Underlying class: COMMON UNITS
Underlying amount: 659
Exercise price
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (2), (3), (4) and (5) below.

Footnote F2

Performance-based units representing the right to receive common units, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. The phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date based upon the achievement of specified performance goals. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.

Footnote F3

Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.

Footnote F4

Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2024 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2024 award will vest on the third anniversary of the grant date.

Footnote F5

Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2025 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2025 award will vest in substantially equal installments on the second and third anniversaries of the grant date.