Bob Simpson adds 65,592 TXO Partners (TXO) common units in open-market buy

Rhea-AI Filing Summary

TXO Partners, L.P. director and 10% owner Bob R. Simpson reported an open-market purchase of 65,592 Common Units at a weighted average price of $13.2036 per unit. After this transaction, he directly holds 8,400,000 Common Units, so the buy is a small addition to an already large position.

Insider Trade Summary

Net Buyer: 65,592 shares ($866,051)

Net Buy 1 txn

Insider SIMPSON BOB R

Role null

Bought 65,592 shs ($866K)

Type	Security	Shares	Price	Value
Purchase	Common Units	65,592	$13.2036	$866K

Holdings After Transaction: Common Units — 8,400,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Insider purchase size: 65,592 Common Units Weighted average purchase price: $13.2036 per unit Post-transaction holdings: 8,400,000 Common Units +1 more

4 metrics

Insider purchase size 65,592 Common Units Open-market buy by Bob R. Simpson

Weighted average purchase price $13.2036 per unit Price for 65,592 TXO Partners Common Units

Post-transaction holdings 8,400,000 Common Units Direct ownership after the reported transaction

Trade price range $13.15–$13.31 per unit Range of individual executions underlying weighted average

Key Terms

open-market purchase, Common Units, weighted average purchase price, transaction code "P"

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.

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.

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.

transaction code "P" financial

"transaction_code": "P","transaction_code_description": "Purchase in open market or private transaction""

Form 4 Insider Transactions: What Each Field Means →

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)
05/27/2026

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	05/27/2026		P		65,592(1)	A	$13.2036	8,400,000	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 $13.15 to $13.31. 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	05/27/2026
	** 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)

FAQ

What insider transaction did Bob R. Simpson report at TXO (TXO)?

Bob R. Simpson reported an open-market purchase of 65,592 TXO Partners Common Units. The weighted average price was $13.2036 per unit, reflecting multiple trades between $13.15 and $13.31 executed on the same date.

At what price did the TXO insider buy the 65,592 Common Units?

The reported purchase price was a weighted average of $13.2036 per TXO Partners Common Unit. Trades were executed in multiple lots between $13.15 and $13.31, with the filing offering to provide detailed trade breakdowns upon request.

How many TXO Partners (TXO) units does Bob R. Simpson own after this trade?

Following the reported purchase, Bob R. Simpson directly holds 8,400,000 TXO Partners Common Units. This context shows the 65,592-unit buy is relatively small compared with his overall disclosed ownership position in the partnership.

Was the TXO insider transaction a purchase or a sale?

The TXO Partners Form 4 shows a purchase transaction. Bob R. Simpson executed an open-market buy of 65,592 Common Units, classified under transaction code “P,” which denotes a purchase in open market or private transactions under SEC reporting rules.

What does the weighted average price mean in the TXO Form 4 filing?

The weighted average price of $13.2036 reflects multiple trades between $13.15 and $13.31. Instead of listing every execution, the filing reports the average and notes that full trade details, including individual prices and share amounts, are available upon request.