Cross Timbers (CRT) 10% Owner Eric L. Oliver Buys 6,263 Shares

What Happened
Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), acquired a total of 6,263 shares via open-market/private purchases on September 3 and 4, 2026. He bought 790 shares on 2026-09-03 at a weighted average price of $10.67 (≈ $8,429) and 5,473 shares on 2026-09-04 at a weighted average price of $10.90 (≈ $59,656), for a combined outlay of about $68,085. Purchases (code P) are generally considered buying activity rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-09-03: 790 shares @ $10.67 (weighted avg; purchases in that session ranged $10.60–$10.70) — see footnote F1.
  • 2026-09-04: 5,473 shares @ $10.90 (weighted avg; purchases ranged $10.68–$10.97) — see footnote F3.
• Total acquired: 6,263 shares for ≈ $68,085.
• Post-transaction shares owned: Not specified in the provided filing excerpt.
• Ownership structure note (footnote 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 disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timing: The Form 4 was filed on 2026-09-08 for transactions on 2026-09-03 and 09-04. This is later than the typical 2-business-day reporting window and thus appears to be a delayed filing.

Context

• As a reported 10% owner trading through an investment vehicle (SoftVest, LP), these purchases reflect activity by a significant holder rather than routine corporate insider (executive) trades. Such purchases can indicate increased ownership interest but do not necessarily reflect the everyday trading motivations of company executives.
• Footnotes indicate weighted-average prices and that the reporting person will provide per-transaction price breakdowns on request.