Kimbell (NYSE: KRP) controller disposes units for tax withholding

Rhea-AI Filing Summary

Kimbell Royalty Partners, LP controller Blayne Rhynsburger reported tax-related unit disposals. On March 3, 2026 and March 4, 2026, he disposed of common units representing limited partner interests to cover tax liabilities tied to equity awards.

These three transactions, all coded as F for “payment of exercise price or tax liability by delivering securities,” involved 1,523 units at $14.57 per unit, 1,442 units at $14.54 per unit, and 1,301 units at $14.54 per unit. After the final transaction, he held 81,772 common units directly.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Rhynsburger Blayne

Role Controller

Type	Security	Shares	Price	Value
Tax Withholding	Common units representing limited partner interests	1,442	$14.54	$21K
Tax Withholding	Common units representing limited partner interests	1,301	$14.54	$19K
Tax Withholding	Common units representing limited partner interests	1,523	$14.57	$22K

Holdings After Transaction: Common units representing limited partner interests — 83,073 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
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		1,523	D	$14.57	84,515	D
Common units representing limited partner interests	03/04/2026		F		1,442	D	$14.54	83,073	D
Common units representing limited partner interests	03/04/2026		F		1,301	D	$14.54	81,772	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	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).
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 activity did Kimbell Royalty Partners (KRP) report for Blayne Rhynsburger?

Kimbell Royalty Partners reported that controller Blayne Rhynsburger disposed of common units to satisfy tax obligations. Three Form 4 transactions show tax-withholding dispositions of equity awards on March 3 and 4, 2026, instead of open-market buying or selling.

How many KRP common units did Blayne Rhynsburger dispose of for taxes?

Blayne Rhynsburger disposed of three blocks of KRP common units for tax withholding: 1,523 units, 1,442 units, and 1,301 units. Each transaction was coded F, meaning units were delivered to cover exercise price or tax liability tied to equity compensation.

At what prices were KRP units used for Rhynsburger’s tax-withholding dispositions?

The reported tax-withholding dispositions used prices of $14.57 and $14.54 per KRP common unit. One transaction on March 3, 2026, occurred at $14.57, while two transactions on March 4, 2026, occurred at $14.54 per unit.

How many KRP common units does Blayne Rhynsburger hold after these transactions?

After the March 4, 2026 transactions, Blayne Rhynsburger directly held 81,772 KRP common units. This figure reflects his direct ownership reported following the final tax-withholding disposition of common units representing limited partner interests.

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

Transaction code F on the KRP Form 4 indicates payment of exercise price or tax liability by delivering securities. For Rhynsburger, each reported disposition represents units withheld or delivered to satisfy tax obligations associated with his equity compensation awards.

Is Rhynsburger’s KRP Form 4 activity an open-market sale of units?

The reported KRP transactions are not open-market sales. Each entry is coded F and described as a tax-withholding disposition, meaning common units were used to pay exercise price or tax liabilities on equity awards rather than being sold for discretionary portfolio reasons.