4//SEC Filing
Ravnaas Robert D. 4
Accession 0001104659-25-051732
CIK 0001657788other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 8:02 PM ET
Size
12.5 KB
Accession
0001104659-25-051732
Insider Transaction Report
Form 4
Ravnaas Robert D.
DirectorChief Executive Officer
Transactions
- Gift
Common units representing limited partner interests
2025-05-20−34,944→ 34,944 total(indirect: See footnote) - Gift
Common units representing limited partner interests
2025-05-20+34,944→ 761,194 total(indirect: By SLAT) - Gift
Common units representing limited partner interests
2025-05-20−34,944→ 0 total(indirect: See footnote)
Holdings
- 10,000(indirect: See footnote)
Common units representing limited partner interests
- 502,197
Common units representing limited partner interests
- 1,368(indirect: See footnote)
Common units representing limited partner interests
Footnotes (5)
- [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.
Documents
Issuer
Kimbell Royalty Partners, LP
CIK 0001657788
Entity typeother
Related Parties
1- filerCIK 0001695242
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 8:02 PM ET
- Size
- 12.5 KB