TXO Partners (TXO) director Bob Simpson buys 150,000 common units in August

Rhea-AI Filing Summary

TXO Partners, L.P. director and 10% owner Bob R. Simpson reported open-market purchases of Common Units on two consecutive days. He bought 25,000 units at $14.4303 on August 12, 2026 and 125,000 units at $14.3183 on August 13, 2026, both as weighted average prices across multiple trades. These transactions were reported as directly owned and were not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 150,000 shares

Net Buy 2 txns

Insider SIMPSON BOB R

Role Director, 10% Owner

Bought 150,000 shs ($2.15M)

Type	Security	Shares	Price	Value
Purchase	Common Units F2	125,000	$14.3183	$1.79M
Purchase	Common Units F1	25,000	$14.4303	$361K

Holdings After Transaction: Common Units — 9,500,000 shares (Direct)

Footnotes (2)

1. F1. This transaction was executed in multiple trades at prices ranging from $14.40 to $14.48. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a secruity holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
2. F2. This transaction was executed in multiple trades at prices ranging from $14.23 to $14.40. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Units purchased 2026-08-12: 25,000 Common Units Price per unit 2026-08-12: $14.4303 Units purchased 2026-08-13: 125,000 Common Units +2 more

5 metrics

Units purchased 2026-08-12 25,000 Common Units Open-market purchase at a weighted average price on August 12, 2026

Price per unit 2026-08-12 $14.4303 Weighted average purchase price across multiple trades

Units purchased 2026-08-13 125,000 Common Units Open-market purchase at a weighted average price on August 13, 2026

Price per unit 2026-08-13 $14.3183 Weighted average purchase price across multiple trades

Total units bought 150,000 Common Units Net open-market purchases reported in this Form 4

Key Terms

Common Units, weighted average purchase price, Rule 10b5-1 trading plan

3 terms

Common Units financial

"The Reporting Person acquired Common Units of TXO Partners, L.P."

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

weighted average purchase price financial

"The price reported above reflects the weighted average purchase price."

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

Rule 10b5-1 trading plan regulatory

"The filing’s Rule 10b5-1 checkbox is not marked for these trades."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

What insider transactions did TXO (TXO) report in this Form 4?

Bob R. Simpson reported two open-market purchases of TXO Partners, L.P. Common Units, totaling 150,000 units on August 12 and 13, 2026, at weighted average prices around $14.43 and $14.32 per unit, respectively.

How many TXO (TXO) units did Bob R. Simpson buy on each date?

He purchased 25,000 Common Units on August 12, 2026 and 125,000 Common Units on August 13, 2026. Both transactions were reported as direct ownership and classified as open-market or private purchases.

What prices did Bob R. Simpson pay for TXO (TXO) Common Units?

The reported prices are $14.4303 per unit for the 25,000-unit purchase and $14.3183 per unit for the 125,000-unit purchase. Footnotes state these are weighted average prices across multiple trades within specified price ranges.

Were Bob R. Simpson’s TXO (TXO) purchases under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no footnote indicating a trading plan. The transactions are therefore reported as not pursuant to a pre-arranged Rule 10b5-1 trading plan.

What do the footnotes in the TXO (TXO) Form 4 say about pricing?

For each date, footnotes explain that trades were executed in multiple lots within price ranges of $14.40–$14.48 and $14.23–$14.40. The reported per-unit prices are weighted averages, and full trade details are available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 08:22 PM Accepted by SEC EDGAR 08/13/2026 - 08:21 PM Learn about SEC filing dates

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^*

SIMPSON BOB R

(Last) (First) (Middle)

400 W 7TH STREET

(Street)

FORTWORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TXO Partners, L.P. [ TXO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026

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

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

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

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	08/12/2026		P		25,000(1)	A	$14.4303	9,375,000	D
Common Units	08/13/2026		P		125,000(2)	A	$14.3183	9,500,000	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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $14.40 to $14.48. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a secruity holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. This transaction was executed in multiple trades at prices ranging from $14.23 to $14.40. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

The Reporting Person is Chairman of TXO GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the board of directors and executive officers of the General Partner.

	/s/ Brent W. Clum, Attorney-in-fact	08/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)