OLIVER ERIC L 4

What Happened
Eric L. Oliver, reported as a 10% owner, purchased 68,467 shares of Cross Timbers Royalty Trust (CRT) in an open-market transaction on March 27, 2026. The weighted-average price reported was $10.24 per share, for a total reported acquisition value of approximately $701,102. This was a direct purchase (transaction code P), which retail investors often view as a more informative/bullish signal than routine insider sales, though no motive is stated.

Key Details

• Transaction date: 2026-03-27; Form 4 filed: 2026-03-31 (filed within the SEC’s 2-business-day window).
• Price: Weighted average $10.24; purchases occurred at prices ranging from $9.99 to $10.51 (footnote F1).
• Shares acquired: 68,467; total reported value ≈ $701,102.
• Post-transaction ownership: Not disclosed in the provided filing details.
• Ownership structure note (footnote F2): The shares are directly held by SoftVest, LP. SoftVest GP I, LLC is the general partner and Eric L. Oliver is the managing member of the GP; as a result, the GP and Mr. Oliver may be deemed to beneficially own the shares held by SoftVest, LP. Mr. Oliver disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• This filing reports a purchase by a 10% owner/affiliate rather than a corporate officer; such purchases can reflect the investment stance of a significant holder but do not necessarily indicate company insider knowledge.
• No options, awards, gifts, or tax-withholding events were reported in this transaction.