Form 4 for TXO TXO Partners, L.P.

Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0000899243-23-003399 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2023-02-02	2023-01-31	TXO	Clum Brent W.	See Remarks, Dir	C - Cnv Deriv	—	+65.7K	279.4K	+31%	—
D	2023-02-02	2023-01-31	TXO	Clum Brent W.	See Remarks, Dir	A - Grant	$0.00	+50.0K	50.0K	New	$0
D	2023-02-02	2023-01-31	TXO	Clum Brent W.	See Remarks, Dir	C - Cnv Deriv	$0.00	-12.80	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Units	2023-01-31	C	A	65,723	—	279,406	I By MorningStar Partners II, L.P.	—	—	(F1) Immediately prior to the closing of the Issuer's initial public offering, the Issuer's series 5 preferred units automatically converted into common units of the Issuer. (F3) Reflects the number of units beneficially held following a 1-for-25.33 reverse unit split effected by the Issuer on January 31, 2023, which was exempt from reporting pursuant to Rule 16a-9. (F2) Reflects securities acquired in a transaction exempt from reporting pursuant to Rule 16a-13.
2	Common	Common Units	2023-01-31	A	A	50,000	$0.00	50,000	D	—	—	(F4) Reflects phantom units. Each phantom unit is the economic equivalent of one common unit of the Issuer and will be settled in common units upon vesting. The phantom units will vest in three substantially equal annual installments beginning on January 31, 2024.
3	Derivative	Series 5 Preferred Units	2023-01-31	C	D	12.80	$0.00	0	D	— · — to 2024-10-15	65,723 Common Units	(F1) Immediately prior to the closing of the Issuer's initial public offering, the Issuer's series 5 preferred units automatically converted into common units of the Issuer.