Form 4: Kimbell Royalty Partners Director Brett G. Taylor Sells 27,163 Common Units

Director Brett G. Taylor sold 27,163 common units of Kimbell Royalty Partners, LP on March 19, 2024, at a weighted average price of $15.51 per unit.

Summary

• Brett G. Taylor, a director of Kimbell Royalty Partners, LP, sold 27,163 common units on March 19, 2024.
• The sale was executed at a weighted average price of $15.51 per unit, with individual transactions ranging from $15.5000 to $15.5550.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 30, 2023.
• Following the transaction, Taylor directly owns 470,058 common units.
• Taylor also indirectly owns common units through various entities, including the Brett G. Taylor Royalty Trust (299,030 units), BGT Minerals, LLC (27,999 units), Kimbell GP Holdings, LLC (10,000 units), and BRD Royalty Holdings LLC (2,172 units).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale could be for various reasons and doesn't necessarily indicate a negative outlook.

Industry Context

This filing reflects insider trading activity, which is a common occurrence in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates