Boaz Energy II, LLC 4
4 · PermRock Royalty Trust · Filed Apr 1, 2025
Insider Transaction Report
Form 4
Boaz Energy II, LLC
10% Owner
Transactions
- Sale
Trust Units representing Beneficial Interest
2025-03-31−4,884,861→ 0 total
Holdings
- 4,400(indirect: See Footnote)
Trust Units representing Beneficial Interest
- 4,400(indirect: See Footnote)
Trust Units representing Beneficial Interest
Footnotes (3)
- [F1]On March 31, 2025, the Trust Units representing Beneficial Interests (the "Trust Units") in the Issuer were sold in a private sale (the "Sale") pursuant to the Purchase and Sale Agreement, dated January 10, 2025 (the "Purchase and Sale Agreement"), by and among Boaz Energy II, LLC ("Boaz Energy"), Boaz Energy II Royalty, LLC, a wholly-owned subsidiary of Boaz Energy ("Boaz Royalty" and, together with Boaz Energy, the "Seller"), and T2S Permian Acquisition II LLC (the "Buyer").
- [F2]Pursuant to the Purchase and Sale Agreement, the Seller sold the Trust Units to the Buyer, as well as certain other oil and gas properties held by the Seller. The allocated value of the Trust Units sold to the Buyer was approximately $2.48 per Trust Unit.
- [F3]This form is filed jointly by each of the reporting persons. Prior to the Sale, Boaz Energy directly owned 4,888,061 Trust Units. Karan Eves and Marshall Eves are husband and wife. Each of Karan Eves and Marshall Eves directly owns 4,400 Trust Units and 38.94% of the limited liability company interests in, and serves as a manager of, Boaz Energy, and may have been deemed to indirectly beneficially own the Trust Units held directly by Boaz Energy at the time of the Sale.