SIMPSON BOB R 4

What Happened

• Bob R. Simpson, Chairman of TXO GP, LLC and a reported 10% owner of TXO Partners, L.P. (TXO), made three open-market purchases (transaction code P) between May 21–26, 2026. He acquired 245,549 shares on 2026-05-21 at a weighted average price of $13.70 ($3,363,211), 104,451 shares on 2026-05-22 at $13.77 ($1,438,656), and 34,408 shares on 2026-05-26 at $13.27 ($456,463), for a combined 384,408 shares costing about $5.26 million. These are purchases (increases in his stake), not sales.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-05-21: 245,549 shares @ $13.70 (total $3,363,211) — multiple trades at $13.44–$13.75 (F1)
  • 2026-05-22: 104,451 shares @ $13.77 (total $1,438,656) — multiple trades at $13.48–$13.85 (F2)
  • 2026-05-26: 34,408 shares @ $13.27 (total $456,463) — multiple trades at $13.18–$13.31 (F3)
• Total acquired: 384,408 shares for approximately $5,258,330.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: each purchase was executed in multiple trades; reported prices are weighted averages and the reporting person will provide detailed trade-level info upon request (F1–F3).
• Filing timeliness: Form 4 filed 2026-05-26 for trades between 2026-05-21 and 2026-05-26; filing appears timely under the two-business-day rule.

Context

• Simpson is both a 10% owner of the partnership and Chairman of the general partner (TXO GP, LLC). As an affiliate and senior insider, his purchases increase his beneficial ownership; purchases by insiders/affiliates are generally more informative than routine sales but do not by themselves explain motivation.