OLIVER ERIC L 4
4 · CROSS TIMBERS ROYALTY TRUST · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Cross Timbers (CRT) 10% Owner Eric L. Oliver Buys Shares
What Happened
Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), made open-market purchases of CRT common units. He acquired 9,297 units on May 29, 2026 at a weighted average price of $10.37 (total $96,410) and 4,642 units on June 1, 2026 at a weighted average price of $10.43 (total $48,416). Combined purchases equal 13,939 units for $144,826. These were purchases (buying shares), which many investors view as a bullish signal compared with routine sales, though no motive should be assumed.
Key Details
- Transaction type: P = Purchase (open market or private purchase).
- Dates and prices:
- 2026-05-29 — 9,297 shares @ weighted avg $10.37 (range reported 10.27–10.50) — $96,410 (F1).
- 2026-06-01 — 4,642 shares @ weighted avg $10.43 (range reported 10.38–10.43) — $48,416 (F3).
- Total purchased: 13,939 shares for $144,826.
- Shares owned after transaction: not specified in the provided filing.
- Ownership structure note (F2): the securities are directly held by SoftVest, LP. SoftVest GP I, LLC (of which Mr. Oliver is the managing member) may be deemed to beneficially own those securities; Mr. Oliver disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing date: Form 4 filed 2026-06-02 — appears to be within the usual two-business-day reporting window for these transactions.
Context
As a reported 10% owner, Mr. Oliver's trades reflect activity by a significant stakeholder (through SoftVest) rather than routine employee exercise or compensation. The filing includes weighted-average prices with ranges (see F1 and F3); the reporting person has offered to provide breakdowns of prices per share on request.
Insider Transaction Report
- Purchase
Units of Beneficial Interest
[F1][F2]2026-05-29$10.37/sh+9,297$96,410→ 851,232 total(indirect: By SoftVest, LP) - Purchase
Units of Beneficial Interest
[F3][F2]2026-06-01$10.43/sh+4,642$48,416→ 855,874 total(indirect: By SoftVest, LP)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.27 to $10.50, 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.
- [F3]The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.38 to $10.43, 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.