Ravnaas Robert Davis 4

What Happened
Robert Davis Ravnaas, President and Chief Financial Officer of Kimbell Royalty Partners, LP (KRP), was granted/received 181,500 common units (limited partner interests) on Feb 24, 2026. The units were reported as an acquisition (transaction code A) at $0.00 per unit (total reported value $0), indicating a grant/award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (appears timely; Form 4s are due within two business days).
• Security: Common Units of Kimbell Royalty Partners, LP.
• Amount acquired: 181,500 units at $0.00 per unit (total $0 reported).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Units reported are held by the GRR 2025 Trust; Ravnaas is co-trustee and has co-investment authority. The GRR 2025 Trust is also a member of Westside Energy, LLC and is deemed to beneficially own units held directly by Westside.
  • F2: Some units are owned directly by Westside Energy, LLC; Ravnaas is a member of Westside.
  • F3: Some units are owned directly by Princeton Royalties, LLC; Ravnaas is a member of Westside, which is a member of Princeton Royalties.
• No 10b5-1 plan, tax-withholding sale, or immediate disposition of the granted units is reported.

Context
This filing documents a grant/award of partnership units (commonly part of executive compensation). Such awards are acquisitions for reporting purposes but differ from cash purchases — they typically reflect compensation or incentive grants rather than a direct market bet. Beneficial ownership is reported through trusts and LLCs, so the filing reflects indirect holdings and control relationships rather than only direct personal ownership.