Director Martin T. Scott awarded 10,395 Kimbell (KRP) common units

Rhea-AI Filing Summary

MARTIN T SCOTT reported acquisition or exercise transactions in this Form 4 filing.

Kimbell Royalty Partners, LP director equity grant

Director Martin T. Scott received a grant of 10,395 common units representing limited partner interests in Kimbell Royalty Partners, LP on February 24, 2026. The units were awarded at a stated price of $0.00 per unit, reflecting a non-cash equity award rather than an open-market purchase.

After this grant, Scott directly owned 104,983 common units. In addition, a separate indirect holding of 12,970 common units is reported as owned by T. Scott Martin Oil & Gas, LLC, an entity of which Scott is the sole member.

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

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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^*

MARTIN T SCOTT

(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)

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

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		10,395	A	$0.00	104,983	D
Common units representing limited partner interests								12,970	I	See footnote(1)

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 are owned directly by T. Scott Martin Oil & Gas, LLC. The reporting person is the sole member of T. Scott Martin Oil & Gas, 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Kimbell Royalty Partners (KRP) report for Martin T. Scott?

Kimbell Royalty Partners reported that director Martin T. Scott received a grant of 10,395 common units on February 24, 2026. The award was recorded at a $0.00 per unit price, indicating a non-cash equity grant rather than an open-market purchase.

How many Kimbell Royalty Partners (KRP) units does Martin T. Scott own after this Form 4?

Following the reported equity grant, Martin T. Scott directly owned 104,983 common units of Kimbell Royalty Partners. The filing also shows 12,970 common units held indirectly through T. Scott Martin Oil & Gas, LLC, where Scott is disclosed as the sole member.

Was the Kimbell Royalty Partners (KRP) Form 4 transaction a purchase or an award?

The Form 4 indicates an equity award, not a market purchase. Transaction code A is labeled as a grant, award, or other acquisition, and the $0.00 per-unit price confirms it was a non-cash grant of 10,395 common units to director Martin T. Scott.

What indirect ownership in Kimbell Royalty Partners (KRP) is reported for Martin T. Scott?

The filing reports 12,970 common units held indirectly and notes they are owned by T. Scott Martin Oil & Gas, LLC. A footnote explains this LLC directly owns the units and that Martin T. Scott is the sole member of the entity.

What security type is involved in Martin T. Scott’s Kimbell Royalty Partners (KRP) Form 4?

The transactions involve common units representing limited partner interests in Kimbell Royalty Partners, LP. These units reflect an equity stake in the partnership, and the Form 4 details both a new 10,395-unit award and reported direct and indirect ownership positions.