OLIVER ERIC L 4
4 · CROSS TIMBERS ROYALTY TRUST · Filed May 22, 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, purchased 18,902 shares of Cross Timbers Royalty Trust (CRT) on May 20, 2026. The transaction is reported as a purchase (code P) with a reported weighted-average price of $10.87, for an aggregate cost of $205,465. This purchase was made by SoftVest, LP (see footnote), and is therefore a buy rather than a sale.
Key Details
- Transaction date: 2026-05-20; Filing date: 2026-05-22. The Form 4 was filed two days after the trade (typically within the two-business-day reporting window).
- Price: weighted average $10.87; actual execution prices ranged from $10.50 to $11.00 (footnote F1).
- Shares purchased: 18,902; total reported value: $205,465.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: The $10.87 is a weighted average; the purchaser will provide a breakdown of how many shares were bought at each price in the $10.50–$11.00 range upon request.
- 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; he may be deemed to beneficially own the LP’s holdings but disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This is a direct purchase by an entity (SoftVest, LP) associated with Mr. Oliver; as a reported 10% owner and affiliate, his purchases are notable but reflect the LP’s investment activity rather than necessarily a personal retail trade. Purchases (vs. sales) are often viewed as a more informative signal of insider confidence, but filings alone do not reveal the buyer’s motivation.
Insider Transaction Report
- Purchase
Units of Beneficial Interest
[F1][F2]2026-05-20$10.87/sh+18,902$205,465→ 818,549 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 $10.50 to $11.00, 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.