[Form 4] Kimbell Royalty Partners, LP Insider Trading Activity

Rhea-AI Filing Summary

Blayne Rhynsburger, Controller of Kimbell Royalty Partners, LP (KRP), reported a sale of common units. On 09/04/2025 the reporting person disposed of 3,600 common units at a price of $13.74 per unit. After the sale the reporting person beneficially owned 43,663 common units. The Form 4 indicates the filing was executed by an attorney-in-fact (Jamie L. Hayes) on 09/05/2025. The Form 4 identifies the reporting person as an officer (Controller) and was filed as a single reporting person disclosure.

Positive

• Timely and complete disclosure of the insider transaction with transaction date, price, and post-transaction holdings provided
• Reporting person identity and role (Controller/officer) clearly stated

Negative

• Insider disposition of 3,600 common units was reported, reducing beneficial holdings
• No disclosure in the Form 4 about whether the sale was made under a 10b5-1 plan or other prearranged arrangement

Insights

Financial Analyst

TL;DR: Officer sale of 3,600 units at $13.74 reduced holdings to 43,663 units; disclosure is factual and routine.

The Form 4 documents an open-market or otherwise executed disposal of 3,600 common units on 09/04/2025 at $13.74 per unit by Blayne Rhynsburger, who is identified as an officer (Controller). The filing states post-transaction beneficial ownership of 43,663 units. There is no additional financial context, such as proceeds allocation or linkage to a trading plan, included in the document. Based solely on the filing, this is a straightforward insider disposition with no other disclosed transactions or derivative activity.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; the filing provides required transaction details but no explanatory context.

The Form 4 provides the required identification, relationship to the issuer (Controller), transaction date, transaction code (S for sale), number of units sold (3,600), sale price ($13.74) and resulting beneficial ownership (43,663 units). It is mechanically complete and was signed by an attorney-in-fact on 09/05/2025. The document does not state whether the sale was pursuant to a Rule 10b5-1 plan or other pre-arranged plan, so no affirmative defense information is provided within this filing.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Rhynsburger Blayne

(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)
	Controller

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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	09/04/2025		S		3,600	D	$13.74	43,663	D

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:

	/s/ Jamie L. Hayes, Attorney-in-Fact	09/05/2025
	** 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 transaction did Blayne Rhynsburger report on Form 4 for KRP?

The reporting person sold 3,600 common units on 09/04/2025 at a price of $13.74 per unit.

How many KRP units does Blayne Rhynsburger beneficially own after the reported sale?

After the sale the reporting person beneficially owned 43,663 common units.

What is the reporting person's relationship to Kimbell Royalty Partners (KRP)?

The Form 4 identifies Blayne Rhynsburger as an officer (Controller) of Kimbell Royalty Partners.

When was the Form 4 signed and by whom?

The Form 4 was signed by the attorney-in-fact, Jamie L. Hayes, on 09/05/2025.

Does the Form 4 state that the sale was made under a 10b5-1 plan?

No. The filing does not indicate that the transaction was executed pursuant to a Rule 10b5-1(c) plan or other prearranged plan.