OLIVER ERIC L 4

What Happened Eric L. Oliver, a reported 10% owner of Cross Timbers Royalty Trust (CRT), acquired a total of 55,564 common units in two purchases: 20,968 units on 2026-06-22 at a reported weighted average price of $8.65 (total ~$181,373) and 34,596 units on 2026-06-23 at a reported weighted average price of $8.68 (total ~$300,293). Combined consideration for these purchases was roughly $481,666. These transactions are purchases (code P), which increase his position.

Key Details

• Transaction dates and reported prices:
  • 2026-06-22: 20,968 shares at reported weighted avg $8.65 (actual prices in filing ranged $8.60–$8.65). (Footnote F1)
  • 2026-06-23: 34,596 shares at reported weighted avg $8.68 (actual prices in filing ranged $8.49–$9.00). (Footnote F3)
• Total acquired: 55,564 shares for about $481,666.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Securities were 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 these securities by virtue of that role but disclaims beneficial ownership except to the extent of his pecuniary interest. (Footnote F2)
• Transaction type: Open market or private purchases (code P).
• Filing timeliness: Reported period 2026-06-22; Form filed 2026-06-24 — appears timely (Form 4s are generally due within two business days).

Context

• Because Mr. Oliver is reported as a 10% owner and the shares are held directly by an entity he controls (SoftVest, LP), these purchases can reflect an institutional/investor-level increase in position rather than routine executive salary-related trades. The filing does not provide motives; retail investors should view this as an increase in ownership by a significant stakeholder.