OLIVER ERIC L 4

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.