Kimbell (NYSE: KRP) VP Alcorn receives 17,126-unit equity award

Rhea-AI Filing Summary

Alcorn Peter reported acquisition or exercise transactions in this Form 4 filing.

Kimbell Royalty Partners, LP vice president Peter Alcorn reported an award of 17,126 common units representing limited partner interests on February 24, 2026. The grant, reported at a price of $0.00 per unit, increased his directly held units to 103,076.

In addition to these direct holdings, Alcorn reports 7,220 common units held indirectly through his wife and 530 units held indirectly through Alcorn Royalties, LLC, of 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

OMB APPROVAL

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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)
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		17,126	A	$0.00	103,076	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	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 executive Peter Alcorn report on this Form 4?

Peter Alcorn reported receiving an award of 17,126 common units of Kimbell Royalty Partners, LP. The award was priced at $0.00 per unit, indicating a grant or other non-cash acquisition that increased his directly held units to 103,076 as of February 24, 2026.

How many KRP common units does Peter Alcorn hold directly after this award?

After the reported award, Peter Alcorn directly holds 103,076 common units of Kimbell Royalty Partners, LP. This figure reflects his position following the 17,126-unit grant on February 24, 2026, and represents only his direct ownership, excluding any indirect holdings through related parties.

What indirect ownership in Kimbell Royalty Partners, LP does Peter Alcorn report?

Peter Alcorn reports indirect ownership of KRP units in two ways: 7,220 common units held by his wife and 530 units held by Alcorn Royalties, LLC. A footnote explains that Alcorn Royalties, LLC directly owns those 530 units and that he is a member of the LLC.

What does the transaction code on Peter Alcorn’s KRP Form 4 indicate?

The Form 4 uses transaction code “A,” described as a grant, award, or other acquisition. This indicates the 17,126 KRP common units were received as a non-cash award rather than purchased in the open market, consistent with the reported price of $0.00 per unit.

How many total KRP units are associated with Peter Alcorn’s direct and indirect holdings?

Peter Alcorn reports 103,076 KRP common units held directly, plus 7,220 units held indirectly by his wife and 530 units held indirectly through Alcorn Royalties, LLC. These figures together outline his combined direct and reported indirect exposure to Kimbell Royalty Partners, LP units.