TXO Partners, L.P. (TXO) director Bob Simpson buys 148K units

Filing Impact

(Very High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

TXO Partners, L.P. director and major unitholder Bob R. Simpson reported two open-market purchases of common units. On May 18, 2026, he bought 58,251 common units at a weighted average price of $13.1687 per unit, across multiple trades between $13.25 and $13.42. On May 20, 2026, he bought an additional 90,152 common units at a weighted average price of $13.3514, in trades ranging from $12.86 to $13.50. Following these purchases, he directly holds 7,950,000 common units of TXO Partners, L.P.

Insider Trade Summary

Net Buyer: 148,403 shares ($1,970,745)

Net Buy 2 txns

Insider SIMPSON BOB R

Role null

Bought 148,403 shs ($1.97M)

Type	Security	Shares	Price	Value
Purchase	Common Units	90,152	$13.3514	$1.20M
Purchase	Common Units	58,251	$13.1687	$767K

Holdings After Transaction: Common Units — 7,950,000 shares (Direct, null)

Footnotes (1)

This transaction was executed in multiple trades at prices ranging from $12.86 to $13.50. 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. This transaction was executed in multiple trades at prices ranging from $13.25 to $13.42. 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.

Key Figures

Units bought on May 18, 2026: 58,251 common units Units bought on May 20, 2026: 90,152 common units Total units bought in filing: 148,403 common units +3 more

6 metrics

Units bought on May 18, 2026 58,251 common units Open-market purchase at $13.1687 weighted average price

Units bought on May 20, 2026 90,152 common units Open-market purchase at $13.3514 weighted average price

Total units bought in filing 148,403 common units Sum of May 18 and May 20, 2026 open-market purchases

Holdings after transactions 7,950,000 common units Direct ownership after May 20, 2026 purchase

May 18 trade price range $13.25–$13.42 Price range of multiple trades on May 18, 2026

May 20 trade price range $12.86–$13.50 Price range of multiple trades on May 20, 2026

Key Terms

open-market purchase, weighted average purchase price, Common Units, Form 4

4 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

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.

Common Units financial

"security_title: Common Units"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 05:48 PM

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)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Units	05/18/2026		P		58,251⁽¹⁾	A	$13.1687	7,859,848	D
Common Units	05/20/2026		P		90,152⁽²⁾	A	$13.3514	7,950,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $12.86 to $13.50. 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 $13.25 to $13.42. 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.

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	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TXO (TXO Partners, L.P.) report in this Form 4?

Bob R. Simpson reported buying TXO common units in two open-market transactions. He acquired 58,251 units on May 18, 2026, and 90,152 units on May 20, 2026, increasing his direct holdings to 7,950,000 common units.

How many TXO common units did Bob R. Simpson buy and at what prices?

He bought a total of 148,403 TXO common units. The May 18, 2026 purchase averaged $13.1687 per unit, while the May 20, 2026 purchase averaged $13.3514 per unit, both executed in multiple trades within specified price ranges.

What are Bob R. Simpson’s TXO holdings after these insider purchases?

After the reported transactions, Bob R. Simpson directly holds 7,950,000 TXO common units. This post-transaction figure comes from the Form 4 totals, reflecting his ownership following the May 20, 2026 open-market purchase.

Were the TXO insider purchases executed in single trades or multiple trades?

Both insider purchases were executed in multiple trades. The May 18, 2026 trades occurred between $13.25 and $13.42, and the May 20, 2026 trades occurred between $12.86 and $13.50, with weighted average prices reported for each date.

What does a weighted average purchase price mean in this TXO Form 4 filing?

The weighted average purchase price represents the average price paid per unit across several trades on a given date. For TXO, Simpson’s May 18 trades averaged $13.1687 and his May 20 trades averaged $13.3514, even though individual trade prices varied within disclosed ranges.