Form 4: Kimbell Royalty Partners CEO Robert Ravnaas Reports Gift of Common Units to Trusts

CEO Robert Ravnaas reports gifting common units to a trust for his spouse and children and his spouse gifting common units to a Spousal Lifetime Access Trust.

Summary

• Robert D. Ravnaas, CEO of Kimbell Royalty Partners, reported changes in beneficial ownership of the company's common units on May 14, 2025.
• Ravnaas gifted 219,450 common units to a trust for the benefit of his spouse and children.
• Ravnaas's spouse gifted 76,954 common units to a Spousal Lifetime Access Trust (SLAT), for which Ravnaas serves as trustee.
• Following these transactions, Ravnaas directly owns 502,197 common units and indirectly owns 86,258 common units through various entities and trusts.
• The transactions were reported on Form 4, filed with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a gift of securities. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in Ravnaas's ownership stake in Kimbell Royalty Partners.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the gifts themselves are unlikely to significantly affect the company's operations or financial performance.

Key Dates

Keywords

Kimbell Royalty Partners, Robert Ravnaas, Common Units, Beneficial Ownership, SEC Form 4, Gifting, Trust, SLAT