SIMPSON BOB R 4

What Happened

• Bob R. Simpson, a 10% owner of TXO Partners and Chairman of TXO GP, reported two purchases of TXO common units. He acquired 36,718 units on 2026-06-22 at a weighted average price of $12.55 ($460,976) and 63,282 units on 2026-06-23 at a weighted average price of $12.64 ($800,106), for a total of 100,000 units costing approximately $1,261,082. These were purchases (code P), which retail investors often view as a more informative/“bullish” signal than sales.

Key Details

• Transaction dates: 2026-06-22 and 2026-06-23
• Reported prices/values: 36,718 @ $12.55 = $460,976; 63,282 @ $12.64 = $800,106; total ≈ $1,261,082
• Footnotes: Multiple trades produced the reported weighted averages — 6/22 trades ranged $12.52–$12.60 (F1); 6/23 trades ranged $12.60–$12.71 (F2). The filer offers to provide detailed trade-level prices/quantities on request.
• Shares owned after the transaction: Not disclosed in the Form 4 filing
• Filing timeliness: Report filed 2026-06-24; transactions occurred 6/22–6/23 — filing appears timely (Form 4 typically required within two business days)

Context

• The filing notes Simpson is Chairman of the general partner (TXO GP, LLC); as a 10% owner this is substantial insider/institutional ownership rather than a routine employee grant. No options were exercised and no sales or gifts were reported in this filing. Purchases like these indicate the insider deployed personal capital to increase holdings but do not, by themselves, explain motive or future company performance.