ADAMS WILLIAM H III 4

What Happened
William H. Adams III, a director of TXO GP, LLC (the general partner of TXO Partners, L.P.), purchased 10,000 shares in open-market transactions on May 8, 2026. The filing reports a weighted-average purchase price of $12.41 per share for a total cost of $124,117. This was a purchase (insider accumulation) rather than a sale.

Key Details

• Insider: William H. Adams III — director of the general partner (TXO GP, LLC) that manages the issuer.
• Transaction date: May 8, 2026; Form 4 filed May 11, 2026 (filed within the SEC’s 2-business-day window).
• Transaction type/code: Open market purchase (P).
• Shares acquired: 10,000 shares for a reported weighted-average price of $12.41; total ≈ $124,117.
• Price range/footnote: Executed in multiple trades at prices from $12.35 to $12.48; $12.41 is the weighted average (footnote F1).
• Shares owned after transaction: Not disclosed in the filing.
• Remarks: The reporting person is a director of the general partner; the issuer is managed by that GP’s board and officers.

Context
Insider purchases are often watched by investors as a potential positive signal, but they do not prove future performance or management intent. This transaction was a straightforward open-market purchase (not an option exercise, award, or gift) and was reported on Form 4.