Robert D. Ravnaas - Feb 25, 2025 Form 4 Insider Report for Kimbell Royalty Partners, LP (KRP)

Role: Chief Executive Officer, Director
Signature: /s/ Jamie L. Hayes, Attorney-in-Fact
Stock symbol: KRP
Transactions as of: Feb 25, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/27/2025, 06:41 PM
Previous filing: Mar 5, 2024
Next filing: Mar 5, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRP	Common units representing limited partner interests	Award	$0	+279K	+46.14%	$0.00	884K	Feb 25, 2025	Direct	F1
holding	KRP	Common units representing limited partner interests						649K	Feb 25, 2025	By SLAT	F2
holding	KRP	Common units representing limited partner interests						69.9K	Feb 25, 2025	See footnote	F3
holding	KRP	Common units representing limited partner interests						10K	Feb 25, 2025	See footnote	F4
holding	KRP	Common units representing limited partner interests						1.37K	Feb 25, 2025	See footnote	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") include 35,030 Common Units previously held indirectly through the reporting person's membership interest in Brazos Minerals, L.L.C. On September 20, 2024, the Common Units held indirectly through the reporting person's membership interest in Brazos Minerals, L.L.C. were transferred to the reporting person. As a result, the reporting person now has direct ownership. The reporting person previously disclosed indirect ownership of 35,034 Common Units held by Brazos Minerals L.L.C., but the number of Common Units received was 35,030.
F2	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.
F3	These Common Units are owned directly by Westside Energy, LLC. The reporting person is the manager and a member of Westside Energy, LLC. This Form 4 also corrects an immaterial error in the reporting person's previously reported holdings, pursuant to which 1 additional Common Unit was shown as being held indirectly by the reporting person. The reported beneficial ownership in this Form 4 corrects this immaterial error.
F4	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.
F5	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.