Brent W. Clum - 26 Jan 2023 Form 3 Insider Report for MorningStar Partners, L.P. (TXO)

Role: Officer, Director, Other*
Signature: /s/ Brent W. Clum
Issuer symbol: TXO
Transactions as of: 26 Jan 2023
Transactions value $: $0
Form type: 3
Filing time: 26 Jan 2023, 18:01:01 UTC
Next filing: 02 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TXO	Common Units						5.41M	26 Jan 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	TXO	Series 5 Preferred Units							26 Jan 2023	Common Units	1.66M		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Immediately prior to the closing of the Issuer's initial public offering, the Issuer's series 5 preferred units will automatically convert into common units of the Issuer.

Remarks:

The Reporting Person is President of Business Operations, Chief Financial Officer and Director of TXO Energy GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.