Kimbell (KRP) VP disposes common units to cover equity award taxes

Rhea-AI Filing Summary

Kimbell Royalty Partners, LP executive Peter Alcorn reported tax-related unit dispositions in common units representing limited partner interests. On March 3 and 4, he disposed of 1,302, 1,303, and 1,159 units at prices of $14.57 and $14.54 per unit to satisfy withholding obligations.

After these transactions, he continued to hold more than 99,000 units directly. The filing also notes indirect holdings of 7,220 units owned by his wife and 530 units held by Alcorn Royalties, LLC, an entity in which he is a member.

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^*

Alcorn Peter

(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)
	Vice President - Land

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		1,302	D	$14.57	101,774	D
Common units representing limited partner interests	03/04/2026		F		1,303	D	$14.54	100,471	D
Common units representing limited partner interests	03/04/2026		F		1,159	D	$14.54	99,312	D
Common units representing limited partner interests								7,220	I	By wife
Common units representing limited partner interests								530	I	See footnote(1)

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 are owned directly by Alcorn Royalties, LLC. The reporting person is a member of Alcorn 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 Peter Alcorn report?

Peter Alcorn reported dispositions of Kimbell Royalty Partners common units to cover tax withholding obligations. He disposed of 1,302, 1,303, and 1,159 units on March 3 and 4 at prices around $14.54–$14.57 per unit, all classified as tax-withholding transactions, not open-market sales.

Were the KRP insider transactions open-market sales or tax-related?

The reported KRP insider transactions were tax-related dispositions, not open-market sales. Each transaction used code F, described as payment of exercise price or tax liability by delivering securities, indicating units were surrendered to satisfy withholding obligations tied to equity compensation.

How many Kimbell Royalty Partners units does Peter Alcorn hold after the Form 4?

After the reported dispositions, Peter Alcorn directly holds over 99,000 Kimbell Royalty Partners common units. The filing shows direct ownership totals of 101,774 and 100,471 units following the March 3 and 4 transactions, reflecting tax-withholding deliveries while maintaining a substantial remaining position.

What indirect KRP holdings related to Peter Alcorn are disclosed?

The filing discloses two indirect KRP holdings related to Peter Alcorn. One is 7,220 common units held by his wife. Another 530 common units are owned by Alcorn Royalties, LLC, an entity in which he is a member, as described in the accompanying footnote.

What security is involved in the KRP Form 4 for Peter Alcorn?

All transactions involve Kimbell Royalty Partners common units representing limited partner interests. These units were delivered to cover tax liabilities associated with equity awards, using transaction code F, rather than being bought or sold in ordinary open-market trading activity.

Does the KRP Form 4 show any insider purchases or sales by Peter Alcorn?

The KRP Form 4 shows no insider purchases or traditional open-market sales by Peter Alcorn. Instead, it reports three tax-withholding dispositions using transaction code F, where units were delivered to satisfy tax or exercise obligations related to equity compensation awards.