Form 4: Kimbell Royalty Partners CFO Reports Changes in Beneficial Ownership
SEC Form 4
Robert Davis Ravnaas, CFO of Kimbell Royalty Partners, reports the disposition of common units representing limited partner interests to cover tax obligations.
Summary
- Robert Davis Ravnaas, the President and CFO of Kimbell Royalty Partners, reported changes in his beneficial ownership of the company's common units.
- On March 3, 2025, Ravnaas disposed of 21,027 common units at a price of $15.32.
- On March 3, 2025, Ravnaas disposed of 23,807 common units at a price of $15.32.
- On March 4, 2025, Ravnaas disposed of 27,054 common units at a price of $14.42.
- Following these transactions, Ravnaas directly owns 1,039,631 common units.
- Ravnaas also indirectly owns 34,943 common units through Westside Energy, LLC and 684 common units through Princeton Royalties, LLC.
Sentiment
Score: 5
Explanation: This is a neutral filing related to insider transactions, which are common and expected. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Disposition of 21,027 common units at $15.32. |
| 03/03/2025 | Disposition of 23,807 common units at $15.32. |
| 03/04/2025 | Disposition of 27,054 common units at $14.42. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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