Kimbell Royalty (NYSE: KRP) controller sells 6,609 common units in market

Rhea-AI Filing Summary

Kimbell Royalty Partners, LP Controller Blayne Rhynsburger reported an open-market sale of 6,609 common units representing limited partner interests at a price of $14.48 per unit on March 23, 2026. After this transaction, he directly holds 75,163 common units, indicating he retains a substantial position.

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^*

Rhynsburger Blayne

(Last) (First) (Middle)

777 TAYLOR STREET

SUITE 810

(Street)

FORT WORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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

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

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

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	03/23/2026		S		6,609	D	$14.48	75,163	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	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Kimbell Royalty Partners (KRP) report for Blayne Rhynsburger?

Kimbell Royalty Partners reported that Controller Blayne Rhynsburger sold 6,609 common units in an open-market transaction. The units, representing limited partner interests, were sold at $14.48 per unit on March 23, 2026, according to the Form 4 filing.

How many KRP units did Blayne Rhynsburger sell and at what price?

Blayne Rhynsburger sold 6,609 common units of Kimbell Royalty Partners at a price of $14.48 per unit. The transaction was reported as an open-market sale of common units representing limited partner interests in the partnership.

What are Blayne Rhynsburger’s KRP holdings after the reported sale?

Following the reported sale, Blayne Rhynsburger directly holds 75,163 common units of Kimbell Royalty Partners. These units represent his remaining direct ownership interest after the 6,609-unit open-market sale disclosed in the Form 4 filing.

Was the KRP insider transaction a buy or sell by Blayne Rhynsburger?

The transaction was a sell. Controller Blayne Rhynsburger executed an open-market sale of 6,609 common units of Kimbell Royalty Partners, as indicated by transaction code "S" and the filing’s description of a sale in an open market or private transaction.

Does Blayne Rhynsburger hold KRP units directly or indirectly after this transaction?

After the transaction, Blayne Rhynsburger’s 75,163 common units are held directly. The Form 4 lists the ownership code as "D" for direct ownership, with no nature-of-ownership footnote describing any intermediary entity or indirect holding structure.