KING LUTHER CAPITAL MANAGEMENT CORP - 14 Nov 2023 Form 4 Insider Report for TXO Partners, L.P. (TXO)

Role: 10%+ Owner
Signature: Jacob D. Smith, Principal and General Counsel for Luther King Capital Management Corporation
Issuer symbol: TXO
Transactions as of: 14 Nov 2023
Net transactions value: +$276,362
Form type: 4
Filing time: 14 Nov 2023, 17:02:08 UTC
Previous filing: 02 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TXO	Common Units	Purchase	$276,362	+15,000	+0.58%	$18.42	2,591,530	10 Nov 2023	See footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

KING LUTHER CAPITAL MANAGEMENT CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents (i) 1,189,400 Common Units held by LKCM Investment Partnership, L.P. (LIP), (ii) 1,372,130 Common Units held by PDLP Morningstar, LLC (PDLP), and (iii) 30,000 Common Units held by a separately managed portfolio for which Luther King Capital Management Corporation (LKCM) serves as investment adviser. The Common Units held by LIP and PDLP were received on August 1, 2023 in a pro rata distribution from MorningStar Partners II, L.P. to all of its partners for no consideration.
F2	LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LIP. LKCM Private Discipline Management, L.P. (PDP GP) is the sole holder of management shares of LKCM Private Discipline Master Fund, SPC (PDP), which holds all of the ownership interests of PDLP. LKCM serves as the investment adviser to each of LIP and PDP. J. Luther King, Jr. is the President and controlling shareholder of LKCM and a controlling member of each of LIP GP and PDP GP. Mr. King and LKCM expressly disclaim beneficial ownership of the Common Units reported herein except to the extent of their pecuniary interest therein.

Content

Represents (i) 1,189,400 Common Units held by LKCM Investment Partnership, L.P. (LIP), (ii) 1,372,130 Common Units held by PDLP Morningstar, LLC (PDLP), and (iii) 30,000 Common Units held by a separately managed portfolio for which Luther King Capital Management Corporation (LKCM) serves as investment adviser. The Common Units held by LIP and PDLP were received on August 1, 2023 in a pro rata distribution from MorningStar Partners II, L.P. to all of its partners for no consideration.

LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LIP. LKCM Private Discipline Management, L.P. (PDP GP) is the sole holder of management shares of LKCM Private Discipline Master Fund, SPC (PDP), which holds all of the ownership interests of PDLP. LKCM serves as the investment adviser to each of LIP and PDP. J. Luther King, Jr. is the President and controlling shareholder of LKCM and a controlling member of each of LIP GP and PDP GP. Mr. King and LKCM expressly disclaim beneficial ownership of the Common Units reported herein except to the extent of their pecuniary interest therein.