| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KRP | Common units representing limited partner interests | Sale | -$445K | -27.5K | -100% | $16.16 | 0 | Jun 18, 2024 | See footnote | F1, F2 |
| holding | KRP | Common units representing limited partner interests | 250K | Jun 18, 2024 | Direct | ||||||
| holding | KRP | Common units representing limited partner interests | 5K | Jun 18, 2024 | See footnote | F3 | |||||
| holding | KRP | Common units representing limited partner interests | 4K | Jun 18, 2024 | See footnote | F4 | |||||
| holding | KRP | Common units representing limited partner interests | 4K | Jun 18, 2024 | See footnote | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The price reported in Column 4 is a weighted average price. These common units representing limited partner interests of Kimbell Royalty Partners, LP ("Common Units") were sold in multiple transactions ranging from $16.06 to $16.21. The reporting person undertakes to provide Kimbell Royalty Partners, LP ("KRP"), any security holder of KRP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the range set forth in footnote 1 to this Form 4. |
| F2 | These Common Units are held directly by the MSW Investment Trust. The reporting person is the trustee and a beneficiary of the MSW Investment Trust. |
| F3 | These Common Units are held directly by Kimbell GP Holdings, LLC. The reporting person is a member of Double Eagle Interests, LLC, a member of Kimbell GP Holdings, LLC. |
| F4 | These Common Units are held directly by an IRA for the benefit of the reporting person. |
| F5 | These Common Units are held directly by the David Mitchell Wynne Asset Trust. The reporting person is the trustee of the David Mitchell Wynne Asset Trust. |