TXO director Simpson buys 301K units

TXO Partners, L.P. director and ten percent owner Bob R. Simpson reported a series of open-market purchases of Common Units.

Rhea-AI Filing Summary

TXO Partners, L.P. director and ten percent owner Bob R. Simpson reported a series of open-market purchases of Common Units. On May 13, he bought 85,525 units at a weighted average price of $12.9808 per unit. On May 14, he purchased 64,475 units at a weighted average price of $13.0153. On May 15, he acquired 151,597 units at a weighted average price of $12.9464. After these transactions, Simpson directly owns 7,801,597 Common Units. The filing notes each day’s price reflects a weighted average across multiple trades within disclosed price ranges.

Insider Trade Summary

Net Buyer: 301,597 shares

Net Buy 3 txns

Insider SIMPSON BOB R

Role Director, 10% Owner

Bought 301,597 shs ($3.91M)

Type	Security	Shares	Price	Value
Purchase	Common Units	151,597	$12.9464	$1.96M
Purchase	Common Units	64,475	$13.0153	$839K
Purchase	Common Units	85,525	$12.9808	$1.11M

Holdings After Transaction: Common Units — 7,801,597 shares (Direct)

Footnotes (3)

1. F1. This transaction was executed in multiple trades at prices ranging from $12.77 to $13.00. 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 $13.00 to $13.04. 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. F3. This transaction was executed in multiple trades at prices ranging from $12.50 to $13.07. 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 May 15: 151,597 units at $12.9464 Units bought May 14: 64,475 units at $13.0153 Units bought May 13: 85,525 units at $12.9808 +2 more

5 metrics

Units bought May 15 151,597 units at $12.9464 Open-market purchase of Common Units on May 15, 2026

Units bought May 14 64,475 units at $13.0153 Open-market purchase of Common Units on May 14, 2026

Units bought May 13 85,525 units at $12.9808 Open-market purchase of Common Units on May 13, 2026

Total recent purchases 301,597 units Net buy shares across three open-market purchases

Holdings after trades 7,801,597 units Common Units directly owned after May 15, 2026 transaction

Key Terms

open-market purchase, Common Units, weighted average purchase price, ten percent owner

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.

ten percent owner financial

""is_ten_percent_owner": 1"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Bob R. Simpson report for TXO Partners (TXO)?

Bob R. Simpson reported three open-market purchases of TXO Partners Common Units. He bought 85,525 units on May 13, 64,475 units on May 14, and 151,597 units on May 15, for a combined 301,597 units acquired.

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

Simpson’s reported purchases used weighted average prices. He paid $12.9808 per unit on May 13, $13.0153 on May 14, and $12.9464 on May 15, with each figure reflecting multiple trades within stated price ranges.

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

After the reported open-market purchases, Bob R. Simpson directly owns 7,801,597 Common Units of TXO Partners, L.P. This total reflects his holdings following the May 15 transaction recorded in the Form 4 filing.

What is the total number of TXO Partners (TXO) units Simpson recently bought?

Across three consecutive trading days, Simpson acquired a total of 301,597 TXO Partners Common Units. These buys occurred on May 13, May 14, and May 15 in open-market transactions at weighted average prices around $13 per unit.

Were Simpson’s TXO Partners (TXO) purchases single trades or multiple trades each day?

Each day’s purchase was executed in multiple trades within specified price ranges. The Form 4 states that the reported per-unit prices are weighted averages, and Simpson undertakes to provide full trade details upon request.

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

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Accepted by SEC EDGAR 05/15/2026 - 04:46 PM EDT 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)
05/13/2026

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	05/13/2026		P		85,525(1)	A	$12.9808	7,585,525	D
Common Units	05/14/2026		P		64,475(2)	A	$13.0153	7,650,000	D
Common Units	05/15/2026		P		151,597(3)	A	$12.9464	7,801,597	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 $12.77 to $13.00. 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 $13.00 to $13.04. 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 $12.50 to $13.07. 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	05/15/2026
	** 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)