STEPHEN P SMITH - 04 Feb 2026 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role: Director
Signature: /s/ STEPHEN P SMITH
Issuer symbol: NRP
Transactions as of: 04 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 06 Feb 2026, 13:00:35 UTC
Previous filing: 12 Feb 2025
Next filing: 12 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SMITH STEPHEN P	Director	1415 LOUISIANA STREET, SUITE 3325, HOUSTON	/s/ STEPHEN P SMITH	06 Feb 2026	0001283728

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
transaction	NRP	PHANTOM UNITS	Award	$0	+1,212		$0.000000	1,212	04 Feb 2026	COMMON UNITS	1,212		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Phantom units were awarded under the Issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit, together with tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the Issuer on each common unit will accrue over the vesting period and be paid in cash upon settlement. These phantom units will vest on the one-year anniversary of the issuance date.

Content

Phantom units were awarded under the Issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit, together with tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the Issuer on each common unit will accrue over the vesting period and be paid in cash upon settlement. These phantom units will vest on the one-year anniversary of the issuance date.