Global Endowment Management, LP - Nov 10, 2023 Form 4 Insider Report for TXO Partners, L.P. (TXO)

Role: 10%+ Owner
Signature: Global Endowment Management, LP, By: /s/ J. Porter Durham, Jr., Authorized Person
Stock symbol: TXO
Transactions as of: Nov 10, 2023
Transactions value $: -$25,650,000
Form type: 4
Date filed: 11/14/2023, 06:24 PM
Previous filing: Feb 2, 2023
Next filing: May 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TXO	Common Units	Sale	-$16.6M	-968K	-31.82%	$17.10	2.07M	Nov 10, 2023	By GEF-PUE, LP	F1
transaction	TXO	Common Units	Sale	-$9.09M	-532K	-31.82%	$17.10	1.14M	Nov 10, 2023	By GEF-DTOE, Inc.	F1

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

Explanation of Responses:

Id	Content
F1	Global Endowment Management, LP controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP, and J. Porter Durham, Jr. has management control over Global Endowment Management, LP and accordingly may be deemed to share beneficial ownership of the common units held by each of GEF-DTOE, Inc. and GEF-PUE, LP. J. Porter Durham, Jr. disclaims beneficial ownership of such common units except to the extent of his pecuniary interest therein, if any.

Content

Global Endowment Management, LP controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP, and J. Porter Durham, Jr. has management control over Global Endowment Management, LP and accordingly may be deemed to share beneficial ownership of the common units held by each of GEF-DTOE, Inc. and GEF-PUE, LP. J. Porter Durham, Jr. disclaims beneficial ownership of such common units except to the extent of his pecuniary interest therein, if any.