Kimbell (NYSE: KRP) CFO receives 181,500-unit equity award

Rhea-AI Filing Summary

Ravnaas Robert Davis reported acquisition or exercise transactions in this Form 4 filing.

Kimbell Royalty Partners, LP reported that President and CFO Robert Davis Ravnaas received a grant of 181,500 common units representing limited partner interests on February 24, 2026 at a stated price of $0.0000 per unit. Following this award, his directly held common units total 1,221,131.

Additional common units are held indirectly through affiliated entities. The GRR 2025 Trust holds 684 common units, Westside Energy, LLC holds 254,394 common units, and Princeton Royalties, LLC holds 34,944 common units, with Mr. Ravnaas associated with these entities as described in the footnotes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ravnaas Robert Davis

(Last) (First) (Middle)

777 TAYLOR STREET, SUITE 810

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kimbell Royalty Partners, LP [ KRP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common units representing limited partner interests	02/24/2026		A		181,500	A	$0.00	1,221,131	D
Common units representing limited partner interests								254,394	I	See footnote(1)
Common units representing limited partner interests								34,944	I	See footnote(2)
Common units representing limited partner interests								684	I	See footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") are held by the GRR 2025 Trust. The reporting person is co-trustee of the GRR 2025 Trust and retains co-investment authority over the Common Units held by such trust. The GRR 2025 Trust is also a member of Westside Energy, LLC and as a result is deemed to beneficially own its pro rata portion of the Common Units that are held directly by Westside Energy, LLC.

2. These common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") are owned directly by Westside Energy, LLC. The reporting person is a member of Westside Energy, LLC.

3. These Common Units are owned directly by Princeton Royalties, LLC. The reporting person is a member of Westside Energy, LLC, a member of Princeton Royalties, LLC.

	/s/ Jamie L. Hayes, Attorney-in-Fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did KRP report for Robert Davis Ravnaas?

Kimbell Royalty Partners reported that President and CFO Robert Davis Ravnaas received a grant of 181,500 common units on February 24, 2026. This equity award increased his directly held common units to 1,221,131, according to the Form 4 insider trading report.

At what price were the 181,500 KRP common units granted to the CFO?

The 181,500 common units granted to KRP’s President and CFO carried a stated price of $0.0000 per unit. This indicates a compensatory equity award rather than an open-market purchase, as reflected in the Form 4 acquisition code and pricing disclosure.

How many KRP common units does the CFO directly own after this Form 4?

After the reported grant, KRP’s President and CFO directly owns 1,221,131 common units representing limited partner interests. This figure reflects his direct holdings only and excludes additional units held indirectly through affiliated entities referenced in the Form 4 footnotes.

What indirect KRP holdings are associated with entities linked to the CFO?

Indirect holdings include 684 common units held by the GRR 2025 Trust, 254,394 common units held by Westside Energy, LLC, and 34,944 common units held by Princeton Royalties, LLC. The Form 4 explains the CFO’s relationships with these entities and their beneficial ownership.

Which transaction code was used for the KRP insider grant?

The Form 4 uses transaction code “A” for the 181,500-unit grant to KRP’s President and CFO. Code A denotes a grant, award, or other acquisition, confirming this was an equity award rather than a market purchase or sale of common units.