Form 4: TXO Partners Director Luther King Jr. Sells 10,000 Common Units

Director Luther King Jr. of TXO Partners, L.P. reports the sale of 10,000 common units at $21.2428 per unit on May 24, 2024.

Summary

• On May 24, 2024, Luther King Jr., a director of TXO Partners, L.P., sold 10,000 common units of the company.
• The sale price was $21.2428 per common unit.
• Following the transaction, Mr. King directly owns 739,944 common units.
• Mr. King also indirectly owns 2,561,530 common units through LKCM Investment Partnership, L.P. and LKCM Private Discipline Master Fund, SPC.
• Mr. King disclaims beneficial ownership of these units except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.

Management Comments

• Mr. King expressly disclaims beneficial ownership of the Common Units reported herein, except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The sale of shares by a director may be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a personal financial decision.

Key Dates