Director at Kimbell (NYSE: KRP) uses common units to cover taxes

Rhea-AI Filing Summary

Kimbell Royalty Partners, LP director Brett G. Taylor reported using common units to satisfy tax obligations tied to equity awards. On March 4, 2026, he disposed of 21,195 and 25,435 common units at $14.54 per unit in tax-withholding transactions, which are not open-market sales. Taylor continues to hold a substantial direct position, and additional common units are held indirectly through entities such as the Brett G. Taylor Royalty Trust, BGT Minerals, LLC, Kimbell GP Holdings, LLC and BRD Royalty Holdings LLC.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Taylor Brett G.

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Common units representing limited partner interests	21,195	$14.54	$308K
Tax Withholding	Common units representing limited partner interests	25,435	$14.54	$370K
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--

Holdings After Transaction: Common units representing limited partner interests — 666,996 shares (Direct); Common units representing limited partner interests — 313,348 shares (Indirect, See footnote)

Footnotes (1)

1. These Common Units are owned directly by the Brett G. Taylor Royalty Trust. The reporting person is the sole trustee and sole beneficiary of the Brett G. Taylor Royalty Trust. These Common Units are owned directly by BGT Minerals, LLC. The reporting person is the sole member of BGT Minerals, LLC. These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of BGT Investments LLC, a member of Kimbell GP Holdings, LLC. These Common Units are owned directly by BRD Royalty Holdings LLC. The reporting person is the sole member of BRD Royalty Holdings LLC.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Taylor Brett G.

(Last) (First) (Middle)

777 TAYLOR STREET,

SUITE 810

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kimbell Royalty Partners, LP [ KRP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common units representing limited partner interests	03/04/2026		F		21,195	D	$14.54	666,996	D
Common units representing limited partner interests	03/04/2026		F		25,435	D	$14.54	641,561	D
Common units representing limited partner interests								313,348	I	See footnote(1)
Common units representing limited partner interests								27,999	I	See footnote(2)
Common units representing limited partner interests								10,000	I	See footnote(3)
Common units representing limited partner interests								2,172	I	See footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These Common Units are owned directly by the Brett G. Taylor Royalty Trust. The reporting person is the sole trustee and sole beneficiary of the Brett G. Taylor Royalty Trust.

2. These Common Units are owned directly by BGT Minerals, LLC. The reporting person is the sole member of BGT Minerals, LLC.

3. These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of BGT Investments LLC, a member of Kimbell GP Holdings, LLC.

4. These Common Units are owned directly by BRD Royalty Holdings LLC. The reporting person is the sole member of BRD Royalty Holdings LLC.

	/s/ Jamie L. Hayes, Attorney-in-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did KRP director Brett G. Taylor report?

Brett G. Taylor reported tax-related dispositions of Kimbell Royalty Partners common units. On March 4, 2026, he used units to cover tax obligations tied to equity awards rather than selling them in the open market, reflecting an administrative transaction instead of a discretionary trade.

How many KRP common units were used for tax withholding by Brett G. Taylor?

Brett G. Taylor used 21,195 and 25,435 Kimbell Royalty Partners common units for tax withholding. Both transactions occurred at $14.54 per unit in connection with equity awards, reflecting payment of tax liabilities by delivering securities instead of paying cash.

What was the transaction code and nature of Brett G. Taylor’s KRP unit dispositions?

Both Kimbell Royalty Partners transactions used code F, indicating tax-withholding dispositions. This means units were delivered to satisfy exercise price or tax liabilities arising from equity compensation, rather than representing open-market purchases or sales of common units by the director.

Does Brett G. Taylor still hold KRP units after the tax-withholding transactions?

Yes, Brett G. Taylor continues to hold Kimbell Royalty Partners common units after the tax-withholding dispositions. He retains a direct ownership stake and also has indirect holdings through entities such as a personal royalty trust and several LLCs associated with his interests.

How does Brett G. Taylor indirectly hold KRP common units?

Brett G. Taylor indirectly holds Kimbell Royalty Partners common units through related entities. These include the Brett G. Taylor Royalty Trust, BGT Minerals, LLC, Kimbell GP Holdings, LLC and BRD Royalty Holdings LLC, where he is described as sole trustee, sole member, or a controlling member.

Is Brett G. Taylor a director or officer at Kimbell Royalty Partners (KRP)?

Brett G. Taylor is identified as a director of Kimbell Royalty Partners, LP. The filing does not list him as an officer, and it does not classify him as a ten percent owner, but it shows both direct and indirect holdings of the partnership’s common units.