Taylor Brett G. 4

What Happened
Brett G. Taylor, a director of Kimbell Royalty Partners, LP (KRP), was granted 142,196 common units on February 24, 2026. The filing reports these units as an award/acquisition (transaction code A) with a reported acquisition price of $0.00 (total cash paid $0). This is an equity award/grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26.
• Transaction type/code: Award/Grant (A). Price reported: $0.00; total cash paid: $0.
• Shares involved: 142,196 common units granted.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes:
  • F1: 64,318 common units were transferred by the reporting person to the Brett G. Taylor Royalty Trust, changing those units from direct to indirect beneficial ownership.
  • F2–F5: Several entities (Brett G. Taylor Royalty Trust, BGT Minerals, LLC, Kimbell GP Holdings, LLC, BRD Royalty Holdings LLC) directly own common units; Mr. Taylor is sole trustee/sole beneficiary or sole member of these entities, indicating indirect beneficial ownership through his controlled entities.
• Timeliness: Filing appears timely (no late filing indicated).

Context
Equity awards like this typically reflect compensation, restricted-unit grants, or similar arrangements and do not by themselves indicate a personal open-market purchase or sale. The filing shows a mix of direct and indirect ownership—some units were moved into a trust and other units are held through LLCs where Mr. Taylor is the sole member—affecting how beneficial ownership is reported.