Form 4: Kimbell Royalty Partners CEO Robert Ravnaas Reports Changes in Beneficial Ownership

Robert Ravnaas, CEO of Kimbell Royalty Partners, reports changes in his beneficial ownership of common units due to tax withholding and other indirect holdings.

Summary

• On March 3rd and 4th, 2025, Robert Ravnaas, the CEO of Kimbell Royalty Partners, had changes in his beneficial ownership of the company's common units.
• These changes primarily involve the disposition of common units to cover tax obligations.
• Ravnaas also holds common units indirectly through various entities such as a Spousal Lifetime Access Trust (SLAT), Westside Energy, LLC, Brazos Minerals, L.L.C., Kimbell GP Holdings, LLC, and Princeton Royalties, LLC.
• The transactions on March 3rd involved the disposition of 26,837 and 27,725 common units at a price of $15.32.
• The transaction on March 4th involved the disposition of 30,498 common units at a price of $14.42.
• Following these transactions, Ravnaas directly owns 829,099 common units and indirectly owns 649,296 through a SLAT, 69,888 through Westside Energy, 35,034 through Brazos Minerals, 10,000 through Kimbell GP Holdings, and 1,368 through Princeton Royalties.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
• Similar filings are made by insiders at comparable royalty companies, such as Viper Energy Partners and Black Stone Minerals, when they engage in transactions involving their company's securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates