Global Endowment Management, LP 4
4 · TXO Energy Partners, L.P. · Filed Feb 2, 2023
Insider Transaction Report
Form 4
Global Endowment Management, LP
10% Owner
Transactions
- Conversion
Common Units
2023-01-31+1,435,674→ 4,713,962 total(indirect: By MorningStar Partners II, L.P) - Conversion
Series 5 Preferred Units
2023-01-31−279.688→ 0 total(indirect: See footnotes)Exp: 2024-10-15→ Common Units (1,435,674 underlying)
Footnotes (5)
- [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]The securities reported include (i) 853,773 common units underlying series 5 preferred units held by GEF-PUE, LP and (ii) 581,901 common units underlying series 5 preferred units held by GEF-DTOE, Inc.
- [F5]Global Endowment Management, LP controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP, and J. Porter Durham, Jr. has management control over Global Endowment Management, LP and accordingly may be deemed to share beneficial ownership of the common units held by each of GEF-DTOE, Inc. and GEF-PUE, LP. J. Porter Durham, Jr. disclaims beneficial ownership of such common units except to the extent of his pecuniary interest therein, if any.