Ravnaas Robert D. 4

What Happened

• Robert D. Ravnaas, CEO of Kimbell Royalty Partners, reported an award/acquisition of 204,600 common units on 2026-02-24. The Form 4 lists the acquisition price as $0.00 (reported as an award/grant), so no cash was paid per the filing. This is an award-type transaction (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Filing date (Form 4): 2026-02-26 (filed two days after the transaction; appears timely).
• Amount acquired: 204,600 common units; Price per unit shown: $0.00 (award/grant).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes of note:
  • F1: Some common units are owned directly by a Spousal Lifetime Access Trust (SLAT); Ravnaas is trustee and retains investment authority.
  • F2: Some common units are owned by Kimbell GP Holdings, LLC; Ravnaas is connected via Rochelle Royalties, LLC.
  • F3: Some common units are owned by Princeton Royalties, LLC; Ravnaas is manager/member of an LLC with interest.
• No indication in the filing that this was a sale, tax withholding, option exercise, or covered by a 10b5-1 plan.

Context

• Awards/grants reported as acquisitions are commonly part of executive compensation and do not by themselves indicate buying or selling sentiment. The filing shows an equity grant rather than a market transaction; details such as vesting schedule or grant purpose are not included in this Form 4 excerpt. The footnotes show the units may be held through trusts and LLCs where Ravnaas has control or membership interests.