OLIVER ERIC L 4
4 · CROSS TIMBERS ROYALTY TRUST · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Cross Timbers Royalty Trust (CRT) 10% Owner Eric L. Oliver Buys Shares
What Happened
Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), made open-market purchases totaling 14,618 shares. On 2026-04-07 he acquired 4,585 shares at a weighted average price of $10.49 ($48,097) and on 2026-04-08 he acquired 10,033 shares at a weighted average price of $10.40 ($104,343). These were purchases (transaction code P), which represent outright acquisitions rather than sales.
Key Details
- Transaction dates and prices:
- 2026-04-07: 4,585 shares at $10.49 (weighted avg; prices in that batch ranged $10.48–$10.50) — total ≈ $48,097. (Footnote F1)
- 2026-04-08: 10,033 shares at $10.40 (weighted avg; prices in that activity ranged $10.23–$10.50) — total ≈ $104,343. (Footnote F3)
- Combined purchase value: ≈ $152,440 for 14,618 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Ownership structure note (Footnote F2): the shares are directly held by SoftVest, LP. SoftVest GP I, LLC is the GP and Eric L. Oliver is its managing member; as a result he may be deemed to beneficially own the SoftVest LP holdings but disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing timeliness: Report filed 2026-04-09 for transactions on Apr 7–8, 2026 — appears timely (Form 4 is required within two business days).
Context
As a 10% owner, Mr. Oliver is a large stakeholder via an investment entity (SoftVest) rather than necessarily an executive making routine compensation-driven trades. Purchases are often viewed as a stronger signal of confidence than sales, but filings don’t state motivations. The weighted-average prices and price ranges indicate these buys were executed in multiple trades; the filer offers to provide a breakout of quantities at each price upon request.
Insider Transaction Report
- Purchase
Units of Beneficial Interest
[F1][F2]2026-04-07$10.49/sh+4,585$48,097→ 715,910 total(indirect: By SoftVest, LP) - Purchase
Units of Beneficial Interest
[F3][F2]2026-04-08$10.40/sh+10,033$104,343→ 725,943 total(indirect: By SoftVest, LP)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.48 to $10.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities purchased at each separate price within such range.
- [F2]Directly held by SoftVest, LP. SoftVest GP I, LLC is the general partner of SoftVest, LP and Eric L. Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest GP I, LLC and Mr. Oliver may be deemed to beneficially own the securities beneficially owned by SoftVest, LP. Mr. Oliver disclaims any beneficial ownership with respect to the securities held by SoftVest, LP except to the extent of his pecuniary interest therein.
- [F3]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.23 to $10.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities purchased at each separate price within such range.