Robert D. Ravnaas - 20 May 2025 Form 4 Insider Report for Kimbell Royalty Partners, LP (KRP)

Signature
/s/ Jamie L. Hayes, Attorney-in-Fact
Issuer symbol
KRP
Transactions as of
20 May 2025
Transactions value $
$0
Form type
4
Filing time
21 May 2025, 20:02:43 UTC
Previous filing
16 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ravnaas Robert D. Chief Executive Officer, Director 777 TAYLOR STREET, SUITE 810, FORT WORTH /s/ Jamie L. Hayes, Attorney-in-Fact 21 May 2025 0001695242

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRP Common units representing limited partner interests Gift $0 -34.9K -50% $0.00 34.9K 20 May 2025 See footnote F1
transaction KRP Common units representing limited partner interests Gift $0 -34.9K -100% $0.00 0 20 May 2025 See footnote F2
transaction KRP Common units representing limited partner interests Gift $0 +34.9K +4.81% $0.00 761K 20 May 2025 By SLAT F2
holding KRP Common units representing limited partner interests 502K 20 May 2025 Direct F3
holding KRP Common units representing limited partner interests 10K 20 May 2025 See footnote F4
holding KRP Common units representing limited partner interests 1.37K 20 May 2025 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift by the reporting person of 34,944 common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") to a trust for the benefit of the reporting person's spouse and children. The Common Units were previously owned directly by Westside Energy, LLC. The reporting person is the manager of Westside Energy, LLC and as a result is deemed to beneficially own his pro rata portion of the Common Units that are held directly by Westside Energy, LLC.
F2 Represents a bona fide gift by the reporting person's spouse of 34,944 Common Units to a Spousal Lifetime Access Trust ("SLAT"). The reporting person is trustee of the SLAT and retains investment authority over the Common Units. The Common Units were previously owned directly by Westside Energy, LLC. The reporting person is the manager of Westside Energy, LLC and as a result is deemed to beneficially own his pro rata portion of the Common Units that are held directly by Westside Energy, LLC.
F3 Includes 35,030 Common Units that, as reported in the reporting person's Form 4 on February 27, 2025, were previously reported as indirectly held by Brazos Minerals, L.L.C. These Common Units were incorrectly reported as indirectly owned in the reporting person's Form 4s filed on March 5, 2025 and May 16, 2025, which resulted in double counting of the Common Units in those reports. This Form 4 corrects the double counting by reporting the Common Units only as directly held by the reporting person.
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.