Kimbell Royalty (NYSE: KRP) director awarded 142,196 units, shifts holdings

Rhea-AI Filing Summary

Taylor Brett G. reported acquisition or exercise transactions in this Form 4 filing.

Kimbell Royalty Partners director Brett G. Taylor reported an equity award and ownership changes in common units representing limited partner interests. On February 24, 2026, he received a grant of 142,196 common units at a reported price of $0.00 per unit, increasing his direct holdings to 688,191 units.

A footnote states that 64,318 common units were transferred by Taylor to the Brett G. Taylor Royalty Trust, changing those units from direct to indirect beneficial ownership. Indirect holdings after the transactions include 313,348 units in the Brett G. Taylor Royalty Trust, 27,999 units in BGT Minerals, LLC, 10,000 units in Kimbell GP Holdings, LLC, and 2,172 units in BRD Royalty Holdings LLC.

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^*

Taylor Brett G.

(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
	Officer (give title below)		Other (specify below)

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		142,196	A	$0.00	688,191(1)	D
Common units representing limited partner interests								313,348(1)	I	See footnote(2)
Common units representing limited partner interests								27,999	I	See footnote(3)
Common units representing limited partner interests								10,000	I	See footnote(4)
Common units representing limited partner interests								2,172	I	See footnote(5)

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. Reflects a transfer of 64,318 Common Units by the reporting person to the Brett G. Taylor Royalty Trust, resulting in a change in the form of beneficial ownership from direct to indirect.

2. These Common Units are owned directly by the Brett G. Taylor Royalty Trust. The reporting person is the sole trustee and sole beneficiary of the Brett G. Taylor Royalty Trust.

3. These Common Units are owned directly by BGT Minerals, LLC. The reporting person is the sole member of BGT Minerals, LLC.

4. These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of BGT Investments LLC, a member of Kimbell GP Holdings, LLC.

5. These Common Units are owned directly by BRD Royalty Holdings LLC. The reporting person is the sole member of BRD Royalty Holdings 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).
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FAQ

What insider transaction did Brett G. Taylor report for KRP?

Brett G. Taylor reported receiving a grant of 142,196 common units representing limited partner interests. The award was dated February 24, 2026 and reported at a price of $0.00 per unit, reflecting an equity grant rather than an open-market purchase.

How many Kimbell Royalty Partners (KRP) units were granted to Brett G. Taylor?

He was granted 142,196 common units representing limited partner interests. This equity award increased his directly held position to 688,191 units, according to the post-transaction ownership figures disclosed in the Form 4 filing.

What ownership change involving the Brett G. Taylor Royalty Trust was disclosed for KRP?

The filing notes a transfer of 64,318 common units to the Brett G. Taylor Royalty Trust. This transfer changed the form of beneficial ownership from direct to indirect, with the trust now directly owning those units on behalf of Brett G. Taylor.

What indirect holdings in Kimbell Royalty Partners (KRP) are associated with Brett G. Taylor?

Indirect holdings include 313,348 units in the Brett G. Taylor Royalty Trust, 27,999 units in BGT Minerals, LLC, 10,000 units in Kimbell GP Holdings, LLC, and 2,172 units in BRD Royalty Holdings LLC, as described in the ownership footnotes.

Did Brett G. Taylor buy or sell KRP units on the open market?

The reported transaction is a grant of 142,196 common units at $0.00 per unit, classified as a grant, award, or other acquisition. The filing does not show any open-market purchases or sales associated with a transaction price.

How did Brett G. Taylor’s direct KRP holdings change after the grant?

After the grant of 142,196 units, his direct ownership rose to 688,191 common units. This figure reflects his directly held position following the award reported on February 24, 2026 in the Form 4 filing.