Bob R. Simpson increases TXO (TXO) stake with 600,000-unit open-market buy

Rhea-AI Filing Summary

TXO Partners, L.P. director and 10% owner Bob R. Simpson reported open-market purchases of a total of 600,000 Common Units on two consecutive days. He bought 230,847 units on June 2, 2026 at a weighted average price of $13.4131 and 369,153 units on June 3, 2026 at a weighted average price of $13.9113. After these purchases, Simpson directly owns 9,000,000 Common Units. Both trades were executed in multiple lots within disclosed price ranges, with the reported prices reflecting weighted averages.

Insights

Equity ownership analyst

Bob R. Simpson made sizable open-market purchases of TXO common units, increasing his direct stake to 9 million units.

Bob R. Simpson, a director and 10% owner of TXO Partners, L.P., executed two open-market purchases of Common Units. On June 2, 2026 he acquired 230,847 units at a weighted average of $13.4131, and on June 3, 2026 he bought 369,153 units at a weighted average of $13.9113.

These transactions are classified as non-derivative open-market purchases, with a net-buy of 600,000 units across two trades. Following the transactions, Simpson directly holds 9,000,000 Common Units, indicating that he retains a substantial equity position after adding to his holdings.

The filing notes that each day’s transaction was executed in multiple trades within specified price ranges, and that the reported prices are weighted averages. The footnotes also state an undertaking to provide full trade details upon request, which is typical transparency language for such multi-lot transactions.

Insider Trade Summary

Net Buyer: 600,000 shares ($8,231,772)

Net Buy 2 txns

Insider SIMPSON BOB R

Role null

Bought 600,000 shs ($8.23M)

Type	Security	Shares	Price	Value
Purchase	Common Units	369,153	$13.9113	$5.14M
Purchase	Common Units	230,847	$13.4131	$3.10M

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

Footnotes (1)

1. This transaction was executed in multiple trades at prices ranging from $13.14 to $13.48. 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. This transaction was executed in multiple trades at prices ranging from $13.50 to $14.05. 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 2026-06-02: 230,847 Common Units Units bought 2026-06-03: 369,153 Common Units Total units bought: 600,000 Common Units +3 more

6 metrics

Units bought 2026-06-02 230,847 Common Units Open-market purchase at weighted average $13.4131 on June 2, 2026

Units bought 2026-06-03 369,153 Common Units Open-market purchase at weighted average $13.9113 on June 3, 2026

Total units bought 600,000 Common Units Net-buy across two non-derivative open-market transactions

Holdings after transactions 9,000,000 Common Units Direct ownership following June 3, 2026 purchase

Price range 2026-06-02 $13.14–$13.48 Multiple trades; weighted average price $13.4131

Price range 2026-06-03 $13.50–$14.05 Multiple trades; weighted average price $13.9113

Key Terms

open-market purchase, Common Units, weighted average purchase price, non-derivative

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.

non-derivative financial

"transaction_type: non-derivative"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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)
06/02/2026

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	06/02/2026		P		230,847(1)	A	$13.4131	8,630,847	D
Common Units	06/03/2026		P		369,153(2)	A	$13.9113	9,000,000	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 $13.14 to $13.48. 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 $13.50 to $14.05. 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	06/03/2026
	** 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 transactions did TXO director Bob R. Simpson report on this Form 4?

Bob R. Simpson reported two open-market purchases of TXO Partners, L.P. Common Units. He bought 230,847 units on June 2, 2026 and 369,153 units on June 3, 2026, for a combined total of 600,000 units directly owned.

At what prices did Bob R. Simpson buy TXO Partners (TXO) Common Units?

Simpson’s June 2, 2026 purchase had a weighted average price of $13.4131 per unit, with trades between $13.14 and $13.48. His June 3, 2026 purchase had a weighted average price of $13.9113, with trades between $13.50 and $14.05.

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

After the reported open-market purchases, Bob R. Simpson directly owns 9,000,000 Common Units of TXO Partners, L.P. This figure reflects his holdings following the 600,000 units acquired across the June 2 and June 3, 2026 transactions.

Were Bob R. Simpson’s TXO unit purchases made directly or through another entity?

The filing classifies both transactions as directly held, non-derivative purchases of Common Units. The ownership type is marked as direct, and no footnotes indicate that the units are held through a separate entity, trust, or partnership.

What do the weighted average prices in Bob R. Simpson’s TXO trades mean?

Each day’s transaction was executed in multiple trades over a price range, so the reported price is a weighted average of those individual trades. The footnotes state that full trade details and exact prices per lot are available upon request to interested parties.