OLIVER ERIC L 4

What Happened

• Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), purchased a total of 25,425 shares in open-market transactions on April 14–15, 2026. He acquired 21,678 shares at a weighted average price of $10.42 ($225,885) on Apr 14 and 3,747 shares at a weighted average price of $10.48 ($39,269) on Apr 15, for a combined cost of $265,154. These were purchases (insider buys), which many retail investors view as a more informative signal than routine sales.

Key Details

• Transaction dates and prices:
  • Apr 14, 2026: 21,678 shares, weighted avg $10.42 (prices in range $10.25–$10.50) — $225,885 (F1)
  • Apr 15, 2026: 3,747 shares, weighted avg $10.48 (prices in range $10.36–$10.50) — $39,269 (F3)
• Total purchased: 25,425 shares for $265,154.
• Shares owned after transaction: not specified in the provided filing summary.
• Ownership structure note (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; as a result, Oliver and SoftVest GP I, LLC may be deemed to beneficially own the securities held by SoftVest, LP. Mr. Oliver disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Form 4 was filed on Apr 16, 2026 for transactions on Apr 14–15, 2026 — the filing appears timely under standard Form 4 deadlines.

Context

• This was open-market purchasing by a reported 10% owner (an institutional/affiliate-type holding via SoftVest), not an executive compensation event like an option exercise or award. Purchases by large holders can reflect added exposure but do not by themselves explain motivation. The footnotes state weighted-average prices and price ranges for the multiple trades; full breakdowns by individual trade price are available on request per the filing.