SIMPSON BOB R 4

What Happened

• Bob R. Simpson, Chairman of TXO GP, LLC (the general partner of TXO Partners, L.P.) and a reported 10% owner, made open-market purchases of TXO common units on May 13–15, 2026.
• Transactions: 85,525 shares @ $12.98 ($1,110,183) on 5/13; 64,475 shares @ $13.02 ($839,161) on 5/14; 151,597 shares @ $12.95 ($1,962,635) on 5/15. Total acquired: 301,597 shares for approximately $3,911,979. These were purchases (transaction code P).

Key Details

• Dates and prices: 5/13 (85,525 @ $12.98; range reported $12.77–$13.00 per F1), 5/14 (64,475 @ $13.02; range $13.00–$13.04 per F2), 5/15 (151,597 @ $12.95; range $12.50–$13.07 per F3). Reported prices are weighted averages; exact per-trade prices available on request as noted in footnotes.
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Role/relationship: Reporting person is Chairman of the issuer’s general partner; the issuer is managed by the board and execs of the general partner.
• Filing timeliness: Form 4 was filed 5/15/2026 covering purchases from 5/13–5/15 and appears to have been filed within the standard reporting window.
• Transaction type: Straight purchases (no options exercised, awards, gifts, or withholding noted).

Context

• These are open-market purchases by a 10% owner and the general partner’s chairman; such buys can be informative to investors but do not, by themselves, explain the insider’s motivation.
• Footnotes indicate multiple trades and weighted-average pricing; not a 10b5-1 or exercise-related filing.