STOCK TITAN

[Form 4] TXO Partners, L.P. Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

TXO Partners, L.P. director and 10% owner Bob R. Simpson reported three open-market purchases of Common Units. He bought a total of 750,000 units between May 7 and May 11 at weighted average prices per unit between about $12.43 and $12.67. After these transactions, he directly owns 7,500,000 Common Units.

Positive

  • None.

Negative

  • None.
Insider SIMPSON BOB R
Role null
Bought 750,000 shs ($9.46M)
Type Security Shares Price Value
Purchase Common Units 500,000 $12.6735 $6.34M
Purchase Common Units 162,365 $12.5031 $2.03M
Purchase Common Units 87,635 $12.4343 $1.09M
Holdings After Transaction: Common Units — 7,500,000 shares (Direct, null)
Footnotes (1)
  1. This transaction was executed in multiple trades at prices ranging from $12.20 to $12.50. 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 $12.37 to $12.60. 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 $12.57 to $12.80. 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.
Total units purchased 750,000 Common Units Aggregate of three open-market buys
May 11 purchase size 500,000 Common Units Open-market purchase on May 11 at $12.6735
May 11 weighted average price $12.6735 per unit Open-market purchase of 500,000 Common Units
May 8 purchase size 162,365 Common Units Open-market purchase on May 8 at $12.5031
May 7 purchase size 87,635 Common Units Open-market purchase on May 7 at $12.4343
Post-transaction holdings 7,500,000 Common Units Direct ownership after May 11 transaction
Footnote price range (earliest trade) $12.20–$12.50 Range for one multi-trade transaction
Footnote price range (latest trade) $12.57–$12.80 Range for another multi-trade transaction
Common Units financial
"The reported transactions involve "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.
open-market purchase financial
"Each transaction is described as an "open-market purchase" in the summary data."
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
"Footnotes state the price reflects the "weighted average purchase price" for multiple trades."
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.
Form 4 regulatory
"These insider transactions are disclosed in a Form 4 filing."
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.
non-derivative financial
"Each entry is classified as a "non-derivative" transaction in Common Units."
SEC Form 4
FORM 4UNITED 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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Units05/07/2026P87,635(1)A$12.43436,837,635D
Common Units05/08/2026P162,365(2)A$12.50317,000,000D
Common Units05/11/2026P500,000(3)A$12.67357,500,000D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $12.20 to $12.50. 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 $12.37 to $12.60. 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.
3. This transaction was executed in multiple trades at prices ranging from $12.57 to $12.80. 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-fact05/11/2026
** Signature of Reporting PersonDate
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

How many TXO (TXO Partners, L.P.) units did Bob R. Simpson buy?

Bob R. Simpson bought a total of 750,000 Common Units of TXO Partners, L.P. These purchases occurred over three days and were reported as open-market transactions on Form 4, reflecting increased direct ownership in the partnership.

What prices did Bob R. Simpson pay for TXO Partners (TXO) units?

Bob R. Simpson’s TXO purchases used weighted average prices around $12.43, $12.50, and $12.67 per unit. Footnotes state individual trades occurred in ranges from $12.20 to $12.80, all executed as open-market transactions over three separate trading days.

Over which dates were the TXO insider purchases by Bob R. Simpson made?

The reported TXO insider purchases occurred on May 7, May 8, and May 11. Each date corresponds to a separate open-market transaction in Common Units, summarized together in a single Form 4 insider trading report filed for TXO Partners, L.P.

How many TXO Partners (TXO) units does Bob R. Simpson own after these trades?

Following the reported purchases, Bob R. Simpson directly owns 7,500,000 Common Units of TXO Partners, L.P. This post-transaction figure reflects his increased stake after adding 750,000 units through three open-market transactions disclosed in the Form 4 filing.

What type of insider transactions did TXO report for Bob R. Simpson?

TXO reported Bob R. Simpson’s transactions as open-market purchases of Common Units coded as “P” on Form 4. All three entries are non-derivative buys, not option exercises or gifts, and are described as purchases in open market or private transactions.