Kimbell Royalty Partners, LP - Feb 3, 2022 Form 3 Insider Report for Kimbell Tiger Acquisition Corp (TGR)

Role
Director, 10%+ Owner
Signature
Kimbell Royalty Partners, LP, /s/ Jamie L. Hayes, as Attorney-in-Fact for Kimbell Royalty Partners, LP
Stock symbol
TGR
Transactions as of
Feb 3, 2022
Transactions value $
$0
Form type
3
Date filed
2/3/2022, 08:02 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TGR Class A common stock 2.5K Feb 3, 2022 Held by Kimbell Tiger Acquisition Sponsor, LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TGR Class B Units of Kimbell Tiger Operating Company, LLC Feb 3, 2022 Class A Common Stock 5.75M Held by Kimbell Tiger Acquisition Sponsor, LLC F1, F2, F3
holding TGR Class B common stock Feb 3, 2022 Class A Common Stock 5.75M Held by Kimbell Tiger Acquisition Sponsor, LLC F2, F3
holding TGR Class A Units of Kimbell Tiger Operating Company, LLC Feb 3, 2022 Class A Common Stock 100 Held by Kimbell Tiger Acquisition Sponsor, LLC F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Kimbell Tiger Operating Company, LLC ("Opco") is the operating subsidiary of the Issuer.
F2 For each Class B Unit of Opco, the Reporting Persons own a corresponding share of the Issuer's Class B common stock. In connection with the Issuer's initial business combination, the Class B Units of Opco will convert into Class A Units of Opco on a one-for-one basis, subject to adjustment, as described in the section entitled "Description of Securities" in the Issuer's prospectus forming a part of its Registration Statement on Form S-1 (File No. 333-258260), originally filed with the U.S. Securities and Exchange Commission on July 29, 2021. The Class A Units of Opco (together with the corresponding shares of the Issuer's Class B common stock) will be exchangeable into shares of the Issuer's Class A common stock after the time of the Issuer's initial business combination on a one-for-one basis and have no expiration date.
F3 Includes up to 750,000 Class B Units of Opco (and corresponding shares of Class B Common Stock) that are subject to forfeiture if the underwriter in the Issuer's initial public offering of units does not exercise its over-allotment option.
F4 For each Class A Unit of Opco, the Reporting Persons own a corresponding share of the Issuer's Class B common stock. The Class A Units of Opco (together with the corresponding shares of the Issuer's Class B common stock) will be exchangeable into shares of the Issuer's Class A common stock after the time of the Issuer's initial business combination on a one-for-one basis and have no expiration date.

Remarks:

This Form 3 is filed by two reporting persons: Kimbell Tiger Acquisition Sponsor, LLC, the sponsor (the "Sponsor") of Kimbell Tiger Acquisition Corporation (the "Issuer") and Kimbell Royalty Partners, LP ("KRP," and together with the Sponsor, the "Reporting Persons"). The Sponsor is the record holder of 5,750,100 shares of Class B common stock and 2,500 shares of Class A common stock of the Issuer. Kimbell Intermediate Holdings, LLC is the managing member of the Sponsor and has sole voting and investment discretion with respect to the shares held by the Sponsor. Kimbell Royalty Operating, LLC is the sole member of Kimbell Intermediate Holdings, LLC. The managing member of Kimbell Royalty Operating, LLC is KRP. KRP may be deemed to beneficially own the shares held by the Sponsor by virtue of its direct ownership of the Sponsor. KRP is controlled by Kimbell Royalty GP, LLC, KRP's general partner (the "General Partner"). The following individuals serve in the indicated roles as members of the management or the board of directors of the General Partner, and also serve on the board of directors of the Issuer: Robert D. Ravnaas, Chairman of the Board of Directors and the Chief Executive Officer; R. Davis Ravnaas, President and Chief Financial Officer; and Matthew S. Daly, Chief Operating Officer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, KRP may be deemed a director by deputization with respect to the Issuer on the basis of the service of Mr. R. Ravnaas, Mr. D. Ravnaas, and Mr. Daly on the Issuer's board of directors. The Reporting Persons beneficially own all outstanding equity securities of the Issuer prior to the initial public offering of the Issuer's units. Exhibit List: Exhibit 24 - Power of Attorney