TXO Partners, L.P. — Director's Dealing 2023

Feb 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TXO Energy Partners, L.P. (TXO)
CIK: 0001559432
Period of Report: 2023-01-31

Reporting Person: ADAMS WILLIAM H III (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-31	Common Units	C	25232	—	Acquired	54284	Indirect
2023-01-31	Common Units	A	4500	$0.00	Acquired	4500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-31	Series 5 Preferred Units	$	C	4.9155	Disposed	2024-10-15	Common Units (25232)	Direct

Footnotes

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.

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 on January 31, 2024.