SIMPSON BOB R 4

What Happened
Bob R. Simpson, a 10% owner of TXO Partners, L.P. and Chairman of TXO GP, LLC (the issuer’s general partner), acquired 65,592 common units of TXO on May 27, 2026. The purchase was reported on a Form 4 and reflects a weighted-average price of $13.20 per share for a total purchase value of approximately $866,051. This was a purchase (insider buying), which many investors view as a potentially bullish signal compared with routine insider selling.

Key Details

• Transaction date: 2026-05-27 (reported same day). Transaction code: P = Purchase.
• Shares acquired: 65,592 at a weighted-average price of $13.20; total value ≈ $866,051.
• Price range: executed in multiple trades at prices between $13.15 and $13.31 (weighted average reported). (Footnote: reporting person will provide full trade-by-trade details upon request.)
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Reported on the same date as the transaction (no late filing indicated).
• Remark: Reporting person is Chairman of TXO GP, LLC, the general partner; the issuer is managed by the general partner’s board and officers.

Context

• Code P purchases can be open-market or private transactions; the filing notes multiple open-market trades with a weighted average price.
• As a 10% owner and chairman of the general partner, Simpson is a significant insider — this is not a passive institutional fund trade.
• No option exercises, awards, gifts, or tax-withholding events are reported in this Form 4.