SCHEDULE: James E. Davison, Jr. Files Final Schedule 13D Exit

James E. Davison, Jr. has filed a final Schedule 13D amendment reporting his exit from 5% ownership status in Genesis Energy, L.P. following a public offering.

Summary

• James E. Davison, Jr. reports the beneficial ownership of 5,423,932 Common Units of Genesis Energy, L.P.
• The reporting person's ownership stake now represents 4.43% of the total outstanding Class A Common Units.
• The filing serves as an exit statement as the reporting person no longer holds more than 5% of the issuer's outstanding common units.
• The reduction in percentage ownership was triggered by a public underwritten offering of 10,350,000 Common Units by the issuer on July 22, 2015.
• The reporting person completed an estate planning transaction on May 21, 2026, involving the withdrawal of 1,527,239 Common Units from trusts in exchange for cash and property of equal value.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting a change in ownership percentage due to corporate capital activity rather than a change in the insider's outlook on the company.

Positives

• The reporting person remains a director of the general partner, Genesis Energy, LLC, maintaining alignment with the company's governance.
• The transaction involving the trusts was conducted for estate planning purposes, indicating long-term personal financial management.

Negatives

• The reporting person has fallen below the 5% ownership threshold, which may be perceived as a reduction in the insider's direct equity stake.

Risks

• The reporting person is no longer required to file Schedule 13D updates, reducing public transparency regarding his future trading activity in the issuer's securities.

Future Outlook

The filing does not provide a forward-looking outlook for the company, as it is an ownership disclosure document.

Management Comments

• The reporting person certifies that the information set forth in the statement is true, complete, and correct.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory disclosure following equity dilution from a public offering, common in the midstream energy sector where partnerships frequently access capital markets.

Comparison to Industry Standards

• The filing follows standard SEC requirements for reporting changes in beneficial ownership for entities listed on major exchanges.
• The exit from 5% reporting status is a routine administrative event for insiders following secondary offerings.

Corporate Governance

Related Party Transactions

• The reporting person withdrew 1,527,239 Common Units from trusts in exchange for cash and property of equal value for estate planning purposes.

Stakeholder Impact

• Minimal impact on shareholders as the change in ownership status is a result of dilution from a public offering rather than a market sale by the insider.

Next Steps

• No further Schedule 13D filings are expected from the reporting person regarding this issuer unless ownership again exceeds 5%.

Key Dates

Keywords

Genesis Energy, Schedule 13D, James E. Davison, Common Units, Beneficial Ownership, Exit Filing