James E. Davison, Jr. Files Exit Amendment for Genesis Energy, L.P. Following Dilution
James E. Davison, Jr. filed Amendment No. 6 to his Schedule 13D for Genesis Energy, L.P. (GEL) to report a reduction in his ownership percentage below the 5% threshold. As of July 22, 2015, Davison owned 5,323,932 common units. On that date, Genesis Energy sold 10,350,000 common units in a public underwritten offering, which increased the total outstanding units and diluted Davison's stake. Consequently, his ownership fell to approximately 4.43%, triggering this exit filing. Additionally, the filing notes that on May 21, 2026, Davison withdrew 1,527,239 units from various trusts for estate planning purposes, replacing them with cash and property of equal value. Following these adjustments, Davison reported beneficial ownership of 5,423,932 units, which includes units held directly and those issuable upon the conversion of Class B units. This amendment serves as the final statement and formal exit filing for the reporting person regarding his 13D obligations for the issuer.