[Form 4] Genesis Energy, L.P. Insider Trading Activity

Rhea-AI Filing Summary

Genesis Energy, L.P. (GEL) — Form 4 insider activity (filed 07/02/2025)

• Director Jack T. Taylor converted 2,714 phantom units into Class A common units on 07/01/2025 (transaction code M) and immediately disposed of the same number of units at $16.54 per unit (code D).
• Post-transaction direct ownership declines to 32,865 Class A units, down from 35,579 units.
• Taylor now beneficially owns 11,555 phantom units; this includes a new award of 2,575 phantom units that will vest and be paid in cash on 07/01/2026. The award accrues distribution-equivalent rights during the vesting period.
• The cash settlement price for both the conversion and future vesting is based on the 20-day average closing price prior to the vesting date.

No other executives are listed and the filing does not reference a Rule 10b5-1 trading plan.

Insights

Insider-Trading Analyst

TL;DR: Small director sale (~$45k) via unit conversion; negligible strategic impact.

The filing shows a routine cash-settled phantom-unit vesting. Taylor’s direct stake trims by 2,714 units but remains sizable at 32,865. Proceeds are modest relative to GEL’s market cap and do not signal a trend. The simultaneous grant of 2,575 new phantom units realigns incentives and offsets most of the reduction in economic exposure. Overall, the activity appears administrative rather than indicative of management sentiment. Market impact is likely immaterial.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Taylor Jack T

(Last) (First) (Middle)

811 LOUISIANA, SUITE 1200

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENESIS ENERGY LP [ GEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units - Class A(1)	07/01/2025		M		2,714(1)	A	(2)	35,579	D
Common Units - Class A(1)	07/01/2025		D		2,714(1)	D	$16.54(2)	32,865	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(2)	07/01/2025		M			2,714	07/01/2025	07/01/2025	Common Units - Class A	2,714	(2)	8,980	D
Phantom Units	(3)(4)	07/01/2025		A		2,575		07/01/2026	07/01/2026	Common Units - Class A	2,575	(3)(4)	11,555	D

Explanation of Responses:

1. The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.

2. Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.

3. The phantom units will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the vesting date.

4. Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be accrued over the vesting period and paid quarterly.

Remarks:

	Jack T. Taylor	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Genesis Energy units did Director Jack T. Taylor sell on 07/01/2025?

He disposed of 2,714 Class A common units after exercising phantom units.

What price did the GEL units sell for?

The units were disposed of at $16.54 per unit.

What is Taylor’s current direct ownership in GEL after the transaction?

He now directly owns 32,865 Class A units.

Did the director receive new equity awards?

Yes, he received 2,575 new phantom units that vest on 07/01/2026 and are cash-settled.

How many phantom units does Taylor now hold?

His beneficial ownership totals 11,555 phantom units after the new award.

Does the Form 4 mention a Rule 10b5-1 trading plan?

No, the filing does not indicate the transactions were made under a 10b5-1 plan.