MARTIN T SCOTT 4

What Happened
T. Scott Martin, a director of Kimbell Royalty Partners, LP (KRP), was granted/received 10,395 common units on February 24, 2026. The units were reported as an award/acquisition (transaction code A) at $0.00 per unit on the Form 4 (total reported value $0). This is an acquisition via an award/grant — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Transaction type/code: Grant/Award (A). Price reported: $0.00 per unit.
• Shares/units acquired: 10,395 common units.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The units are owned directly by T. Scott Martin Oil & Gas, LLC; the reporting person (Martin) is the sole member of that LLC (see footnote F1).
• No indication of a 10b5-1 plan, tax withholding, cashless sale, or late filing in the disclosed data.

Context
Awards of common units are commonly part of director or compensation arrangements and are reported at $0.00 when granted; the Form 4 does not state market value or vesting terms. Because the award is held through an LLC controlled by the reporting person, the filing reflects indirect ownership through that entity rather than individual direct ownership. Awards do not necessarily indicate a change in market sentiment by the insider.