Clum Brent W. 4
4 · TXO Energy Partners, L.P. · Filed Feb 2, 2023
Insider Transaction Report
Form 4
Clum Brent W.
DirectorCo-CEO and CFO
Transactions
- Award
Common Units
2023-01-31+50,000→ 50,000 total - Conversion
Common Units
2023-01-31+65,723→ 279,406 total(indirect: By MorningStar Partners II, L.P.) - Conversion
Series 5 Preferred Units
2023-01-31−12.804→ 0 totalExp: 2024-10-15→ Common Units (65,723 underlying)
Footnotes (4)
- [F1]Immediately prior to the closing of the Issuer's initial public offering, the Issuer's series 5 preferred units automatically converted into common units of the Issuer.
- [F2]Reflects securities acquired in a transaction exempt from reporting pursuant to Rule 16a-13.
- [F3]Reflects the number of units beneficially held following a 1-for-25.33 reverse unit split effected by the Issuer on January 31, 2023, which was exempt from reporting pursuant to Rule 16a-9.
- [F4]Reflects phantom units. Each phantom unit is the economic equivalent of one common unit of the Issuer and will be settled in common units upon vesting. The phantom units will vest in three substantially equal annual installments beginning on January 31, 2024.