OLIVER ERIC L 4

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.