Kimbell Royalty (NYSE: KRP) CEO granted 204,600 common units

Rhea-AI Filing Summary

Ravnaas Robert D. reported acquisition or exercise transactions in this Form 4 filing.

Kimbell Royalty Partners, LP reported that Chief Executive Officer Robert D. Ravnaas received a grant of 204,600 common units representing limited partner interests on February 24, 2026 at a price of $0.00 per unit, reflecting an award rather than a market purchase.

Following this grant, Ravnaas directly holds 706,797 common units. He also has indirect ownership interests, including 761,194 units held by a Spousal Lifetime Access Trust where he serves as trustee with investment authority, 10,000 units held by Kimbell GP Holdings, LLC, and 1,368 units held by Princeton Royalties, LLC, entities with which he is affiliated.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Ravnaas Robert D.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common units representing limited partner interests	204,600	$0.00	--
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--

Holdings After Transaction: Common units representing limited partner interests — 706,797 shares (Direct); Common units representing limited partner interests — 761,194 shares (Indirect, By SLAT)

Footnotes (1)

1. These Common Units are owned directly by a Spousal Lifetime Access Trust ("SLAT"). The reporting person is trustee of the SLAT and retains investment authority over the Common Units. These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of Rochelle Royalties, LLC, a member of Kimbell GP Holdings, LLC. These Common Units are owned directly by Princeton Royalties, LLC. The reporting person is the manager and a member of Westside Energy, LLC, a member of Princeton Royalties, LLC.

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^*

Ravnaas Robert D.

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		204,600	A	$0.00	706,797	D
Common units representing limited partner interests								761,194	I	By SLAT(1)
Common units representing limited partner interests								10,000	I	See footnote(2)
Common units representing limited partner interests								1,368	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 are owned directly by a Spousal Lifetime Access Trust ("SLAT"). The reporting person is trustee of the SLAT and retains investment authority over the Common Units.

2. These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of Rochelle Royalties, LLC, a member of Kimbell GP Holdings, LLC.

3. These Common Units are owned directly by Princeton Royalties, LLC. The reporting person is the manager and a member of Westside Energy, LLC, a member of Princeton Royalties, 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 KRP CEO Robert D. Ravnaas report?

Robert D. Ravnaas reported receiving a grant of 204,600 Kimbell Royalty Partners common units. The award was recorded at a price of $0.00 per unit on February 24, 2026, indicating an equity compensation grant rather than an open-market purchase.

How many KRP common units does the CEO hold directly after this grant?

After the grant, the CEO directly holds 706,797 common units representing limited partner interests in Kimbell Royalty Partners. This figure reflects his direct ownership position as reported in the Form 4 following the February 24, 2026 equity award.

What indirect KRP holdings are associated with the CEO via the SLAT?

A Spousal Lifetime Access Trust directly owns 761,194 Kimbell Royalty Partners common units. Robert D. Ravnaas is trustee of this SLAT and retains investment authority over these units, giving him an indirect ownership interest through the trust structure.

Which entities besides the SLAT hold KRP units linked to the CEO?

Kimbell GP Holdings, LLC holds 10,000 Kimbell Royalty Partners common units, and Princeton Royalties, LLC holds 1,368 units. Robert D. Ravnaas is affiliated with both entities through membership and management roles, giving him indirect interests in those holdings.

What does transaction code A mean in this KRP Form 4 filing?

The Form 4 lists transaction code “A” for the 204,600-unit entry, described as a grant, award, or other acquisition. This signals that the CEO’s additional common units came from an equity award rather than a cash purchase or open-market transaction.

On what date was the KRP CEO equity grant effective?

The equity grant to the Kimbell Royalty Partners CEO was effective on February 24, 2026. On that date, he acquired 204,600 common units representing limited partner interests through a reported grant at a stated price of $0.00 per unit.