STAR GROUP, L.P. — Director's Dealing 2025

Jun 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STAR GROUP, L.P. (SGU)
CIK: 0001002590
Period of Report: 2025-05-30

Reporting Person: Bandera Partners LLC (10% Owner, See Footnote 1)
Reporting Person: Bylinsky Gregory (10% Owner, See Footnote 1)
Reporting Person: Gramm Jefferson (10% Owner, See Footnote 1)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-30	Common Units	S	700000	$12.04	Disposed	2745360	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Units	4827	Indirect
Common Units	206483	Indirect

Footnotes

F1: This Form 4 is filed jointly by Bandera Partners LLC ("Bandera Partners"), Gregory Bylinsky and Jefferson Gramm (collectively, the "Reporting Persons"). Each of the Reporting Persons was deemed to be a member of a Section 13(d) group that was previously deemed to collectively beneficially own more than 10% of the Issuer's outstanding Common Units. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

F2: Bandera Partners is the investment manager of Bandera Master Fund L.P. ("Bandera Master Fund"), in whose name the securities are held. Messrs. Bylinsky and Gramm are the Managing Members of Bandera Partners. Bandera Master Fund has delegated to Bandera Partners the sole and exclusive authority to vote and dispose of the securities held by Bandera Master Fund. As a result, each of Bandera Partners and Messrs. Bylinsky and Gramm may be deemed to beneficially own the securities held by Bandera Master Fund.

F3: On May 30, 2025, Bandera Master Fund entered into a Unit Purchase Agreement with the Issuer pursuant to which it agreed to sell to the Issuer 700,000 Common Units at a price of $12.04 per unit. The transaction closed on June 2, 2025.

F4: Represents securities owned solely by Mr. Bylinsky.

F5: Represents securities owned solely by Mr. Gramm.