OLIVER ERIC L 4

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.