Robert D. Ravnaas - Dec 26, 2023 Form 4 Insider Report for Kimbell Royalty Partners, LP (KRP)

Role
Chief Executive Officer, Director
Signature
/s/ Jamie L. Hayes, Attorney-in-Fact
Stock symbol
KRP
Transactions as of
Dec 26, 2023
Transactions value $
$0
Form type
4
Date filed
12/27/2023, 04:16 PM
Previous filing
Mar 7, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRP Common units representing limited partner interests Gift $0 -649K -60.85% $0.00 418K Dec 26, 2023 Direct F1
transaction KRP Common units representing limited partner interests Gift $0 +649K $0.00 649K Dec 27, 2023 By SLAT F1, F2
holding KRP Common units representing limited partner interests 69.9K Dec 26, 2023 See footnote F3
holding KRP Common units representing limited partner interests 35K Dec 26, 2023 See footnote F4
holding KRP Common units representing limited partner interests 10K Dec 26, 2023 See footnote F5
holding KRP Common units representing limited partner interests 1.37K Dec 26, 2023 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift of 649,296 common units representing limited partner interests in Kimbell Royalty Partners, LP ("Common Units") to a Spousal Lifetime Access Trust ("SLAT"). Includes Common Units previously held through RDR Ventures, LLC that were distributed to the reporting person and were held directly immediately prior to the bona fide gift to the SLAT.
F2 These Common Units are owned directly by the SLAT. The reporting person is trustee of the SLAT and retains investment authority over the Common Units.
F3 These Common Units are owned directly by Westside Energy, LLC. The reporting person is the manager and a member of Westside Energy, LLC. This Form 4 also corrects an immaterial error in the reporting person's previously reported holdings, pursuant to which 1 additional Common Unit was shown as being held indirectly by the reporting person. The reported beneficial ownership in this Form 4 corrects this immaterial error.
F4 These Common Units are owned directly by Brazos Minerals, L.L.C. The reporting person is a member of Brazos Minerals, L.L.C.
F5 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.
F6 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.