Kimbell Royalty Partners, LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Item 2. Unregistered Sales of Equity Securities
On February 12, 2025, we issued 3,162 common units to an existing OpCo unitholder in exchange for 3,162 OpCo common units and an equal number of Class B units pursuant to the terms of the Exchange Agreement, dated as of September 23, 2018, by and among us, the General Partner, the Operating Company and the other holders of OpCo common units and Class B units from time to time party thereto (the “Exchange Agreement”).
On February 14, 2025, we issued 29,418 common units to another existing OpCo unitholder in exchange for 29,418 OpCo common units and an equal number of Class B units pursuant to the terms of the Exchange Agreement.
The issuance of each of the foregoing securities was exempt from the registration requirements of the Securities Act in reliance upon Section 4(a)(2) of the Securities Act.
| · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| Period | | Total Number of Common Units Purchased(1) | | Average Price Paid per Common Unit | | Total Number of Common Units Purchased as Part of Publicly Announced Plans or Programs(2) | | Maximum Number of Common Units That May Yet be Purchased Under the Plans or Programs(2) |
| January 1, 2025 - January 31, 2025 | | — | | $— | | — | | — |
| February 1, 2025 - February 29, 2025 | | — | | $— | | — | | — |
| March 1, 2025 - March 31, 2025 | | 315,276 | | $14.99 | | — | | — |
| (1) | All of the common units shown above were withheld during the three months ended March 31, 2025 to satisfy tax-withholding obligations arising in conjunction with the vesting of restricted units. The required withholding is calculated using the closing sales price per common unit reported by the New York Stock Exchange on the date prior to the applicable vesting date. |
| (2) | We did not have at any time during the quarter ended March 31, 2025, and currently do not have, a common unit repurchase program in place. |
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