Kimbell Royalty (KRP) CFO reports tax-withholding unit transfers

Rhea-AI Filing Summary

Kimbell Royalty Partners, LP insider Robert Davis Ravnaas, President and CFO, reported several transactions in common units representing limited partner interests. On March 3 and 4, 2026, he reported three code F transactions, each described as a tax-withholding disposition, covering 27,054, 32,464 and 20,870 common units at prices of $14.54 and $14.57 per unit.

After these dispositions, he directly held 1,140,743 common units as of the latest reported date. Additional common units are held indirectly through the GRR 2025 Trust, Westside Energy, LLC and Princeton Royalties, LLC, entities in which he has roles as co-trustee or member according to 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

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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)
03/03/2026

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	03/03/2026		F		20,870	D	$14.57	1,200,261	D
Common units representing limited partner interests	03/04/2026		F		27,054	D	$14.54	1,173,207	D
Common units representing limited partner interests	03/04/2026		F		32,464	D	$14.54	1,140,743	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	03/05/2026
	** 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).
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FAQ

What insider transactions did KRP executive Robert Davis Ravnaas report?

Robert Davis Ravnaas reported three code F tax-withholding dispositions in Kimbell Royalty Partners common units, involving 27,054, 32,464 and 20,870 units at prices of $14.54 and $14.57 per unit. These transactions satisfied tax obligations by delivering units instead of cash.

How many Kimbell Royalty Partners (KRP) units does Ravnaas hold directly after the Form 4?

After the latest reported tax-withholding disposition, Robert Davis Ravnaas directly held 1,140,743 common units representing limited partner interests in Kimbell Royalty Partners. This figure reflects his direct ownership position following the March 3 and March 4, 2026 transactions disclosed in the filing.

What does transaction code F mean in the KRP Form 4 filing?

Transaction code F in this Form 4 is described as a payment of exercise price or tax liability by delivering securities. For Kimbell Royalty Partners, Ravnaas used common units to cover tax-withholding obligations rather than selling units in an open-market transaction.

Are any of Robert Davis Ravnaas’ KRP units held indirectly through other entities?

Yes. Footnotes state that additional Kimbell Royalty Partners common units are held by the GRR 2025 Trust, Westside Energy, LLC and Princeton Royalties, LLC. Ravnaas is co-trustee of the GRR 2025 Trust and a member of Westside Energy, LLC, which is also a member of Princeton Royalties, LLC.

What role does the GRR 2025 Trust play in Ravnaas’ KRP holdings?

The GRR 2025 Trust holds common units of Kimbell Royalty Partners and is a member of Westside Energy, LLC. Ravnaas is co-trustee and retains co-investment authority over units held by the trust, which is deemed to beneficially own its pro rata portion of units held by Westside Energy.

How are Kimbell Royalty Partners units held by Westside Energy and Princeton Royalties described?

Footnotes explain that some common units are owned directly by Westside Energy, LLC, and others by Princeton Royalties, LLC. Ravnaas is a member of Westside Energy, which is itself a member of Princeton Royalties, indicating his indirect beneficial interests through these entities.