SIMPSON BOB R 4

What Happened

• Bob R. Simpson, a 10% owner of TXO Partners and Chairman of TXO GP, LLC (the general partner), purchased a total of 750,000 common units of TXO in open-market transactions between May 7–11, 2026.
• Transactions: 87,635 shares at a $12.43 weighted average ($1,089,680); 162,365 shares at $12.50 ($2,030,066); and 500,000 shares at $12.67 ($6,336,750). Total cash spent ≈ $9,456,496. These were purchases (insider buying).

Key Details

• Transaction dates: 2026-05-07, 2026-05-08, 2026-05-11. Report filed with the SEC on 2026-05-11 (timely within Form 4 reporting deadlines).
• Reported prices shown are weighted averages; footnotes state each purchase was executed in multiple trades at price ranges:
  • F1: $12.20–$12.50 (weighted avg $12.43)
  • F2: $12.37–$12.60 (weighted avg $12.50)
  • F3: $12.57–$12.80 (weighted avg $12.67)
• Transaction code: P = Purchase (open market/private purchase).
• Shares owned after the transactions: not specified in the filing (not provided in the summary data).
• Role note: The reporting person is Chairman of the general partner; as a 10% owner this is a principal/insider transaction rather than routine employee trading.

Context

• Insider purchases can be seen by investors as a potentially positive signal, but filings are factual records and do not explain motive.
• The filing discloses multiple trades aggregated to weighted-average prices; the filer offers to provide trade-level details to the SEC or security holders upon request.