Form 4: Kimbell Royalty Partners CFO Reports Gift and Corrects Holdings in Form 4 Filing

Robert Davis Ravnaas, President and CFO of Kimbell Royalty Partners, reports a gift of common units and a correction to previously reported holdings in a Form 4 filing.

Summary

• Robert Davis Ravnaas, the President and CFO of Kimbell Royalty Partners, LP, filed a Form 4 with the SEC.
• The filing reports a gift of 34,944 common units representing limited partner interests received by the GRR 2025 Trust.
• Ravnaas is a co-trustee of the GRR 2025 Trust and retains co-investment authority over the units.
• The filing also corrects an immaterial error, adding one common unit to the holdings owned directly by Westside Energy, LLC.
• Ravnaas is a member of Westside Energy, LLC and Princeton Royalties, LLC, and indirectly owns common units through these entities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The filing provides transparency into the transactions and holdings of a key executive at Kimbell Royalty Partners.
• The correction of an immaterial error demonstrates attention to detail in reporting.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key executive.

Key Dates

Keywords

Form 4, Kimbell Royalty Partners, Robert Davis Ravnaas, Common Units, Beneficial Ownership, GRR 2025 Trust, Westside Energy LLC, Princeton Royalties LLC