OLIVER ERIC L 4

4 · CROSS TIMBERS ROYALTY TRUST · Filed May 13, 2026

AI-generated summary of this filing

Updated May 13, 2026

Cross Timbers Royalty Trust (CRT) 10% Owner Eric Oliver Buys 8,542 Shares

What Happened

Eric L. Oliver, identified as a 10% owner of Cross Timbers Royalty Trust (CRT), acquired 8,542 shares on May 11, 2026. The Form 4 reports a weighted-average purchase price of $10.61 per share, for a total reported acquisition value of $90,631. The filing characterizes the transaction as an open market or private purchase (code P).

Key Details

Transaction date: 2026-05-11; Filing date: 2026-05-13 (filed timely).
Price: Weighted average $10.61; individual trades ranged from $10.45 to $10.65 (per footnote).
Total value: $90,631.
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes: F1 notes the weighted-average price and that a breakdown of trades/prices is available on request. F2 states the shares are directly held by SoftVest, LP; SoftVest GP I, LLC is the GP and Eric L. Oliver is the managing member, so he may be deemed to beneficially own SoftVest, LP holdings but disclaims ownership except for his pecuniary interest.
Timeliness: Filing appears timely (reported transaction date 5/11, Form 4 filed 5/13).

Context

This was a straight purchase (code P). Purchases by insiders or major holders can be more informative than sales, but the filing itself does not state motivation. Because the shares are held through SoftVest, LP (an investment vehicle), this reflects institutional/affiliate buying rather than an ordinary employee stock trade.

Form 4

Period: 2026-05-11

10% Owner

Transactions

Purchase
Units of Beneficial Interest
[F1][F2]
2026-05-11$10.61/sh+8,542$90,631→ 799,647 total(indirect: By SoftVest, LP)

Footnotes (2)

[F1]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.45 to $10.65, 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.

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