Form 4: Kimbell Royalty Partners CFO Reports Future Tax-Related Unit Dispositions

Kimbell Royalty Partners' President and CFO, Robert Davis Ravnaas, filed a Form 4 disclosing future dispositions of common units in March 2026 to satisfy tax withholding obligations under a Rule 10b5-1 plan.

Summary

• Robert Davis Ravnaas, President and CFO of Kimbell Royalty Partners, LP (KRP), reported planned dispositions of common units representing limited partner interests.
• The transactions are scheduled for March 3, 2026, and March 4, 2026, and are designated with transaction code 'F', indicating a payment of tax liability by withholding securities.
• On March 3, 2026, 20,870 common units were disposed of at a price of $14.57 per unit.
• On March 4, 2026, two separate dispositions occurred: 27,054 units and 32,464 units, both at a price of $14.54 per unit.
• Following these transactions, Mr. Ravnaas will directly beneficially own 1,140,743 common units.
• Additionally, Mr. Ravnaas indirectly beneficially owns 254,394 common units through the GRR 2025 Trust, 34,944 units through Westside Energy, LLC, and 684 units through Princeton Royalties, LLC.
• The filing indicates that these transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine, pre-planned tax-related dispositions of common units by an insider, which is a common occurrence and typically does not signal a change in company fundamentals or insider sentiment.

Future Outlook

The filing details future, pre-planned dispositions of common units by the President and CFO in March 2026, primarily to cover tax liabilities. This is a routine event and does not provide specific forward-looking guidance on the company's operational or financial performance.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing tax-related dispositions under Rule 10b5-1 plans are common across all industries for executives receiving equity compensation. These transactions are typically pre-scheduled and do not reflect a discretionary decision by the insider to sell shares based on new information or a change in outlook for the company or the broader energy royalty sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, pre-planned tax-related dispositions and not discretionary sales, thus not signaling a change in insider confidence or company outlook.

Key Dates

Recommendation

The filing details routine, pre-planned dispositions of common units by an insider to cover tax liabilities, which is a standard practice and does not indicate any new material information regarding the company's operational performance or future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Kimbell Royalty Partners, KRP, Form 4, Insider Transaction, Robert Davis Ravnaas, CFO, Common Units, Tax Withholding, Rule 10b5-1 Plan, Beneficial Ownership