Bob R. Simpson - Jan 31, 2023 Form 4 Insider Report for TXO Energy Partners, L.P. (TXO)

Role
Officer, Director, Other*, 10%+ Owner
Signature
/s/ Brent W. Clum, Attorney-in-fact
Stock symbol
TXO
Transactions as of
Jan 31, 2023
Transactions value $
$0
Form type
4
Date filed
2/2/2023, 03:05 PM
Previous filing
Jan 26, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXO Common Units Conversion of derivative security +2.18M +112.22% 4.12M Jan 31, 2023 By MorningStar Partners II, L.P. F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TXO Series 5 Preferred Units Conversion of derivative security $0 -425 -100% $0.00* 0 Jan 31, 2023 Common Units 2.18M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Reflects securities acquired in a transaction exempt from reporting pursuant to Rule 16a-13.
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.

Remarks:

The Reporting Person is Chief Executive Officer, Chairman and Director of TXO Energy GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.