Cross Timbers (CRT) 10% Owner Eric L. Oliver Buys 13,276 Shares

What Happened Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), made two open-market purchases on September 8–9, 2026, acquiring a total of 13,276 shares. The filing reports 6,142 shares on 2026-09-08 at a weighted average price of $10.94 (reported total $67,193) and 7,134 shares on 2026-09-09 at a weighted average price of $11.29 (reported total $80,543). Combined, the purchases total approximately $147,736. These were purchases (transaction code P), which are purchases rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-09-08: 6,142 shares, weighted avg $10.94 (footnote F1: purchases ranged $10.89–$11.17)
  • 2026-09-09: 7,134 shares, weighted avg $11.29 (footnote F3: purchases ranged $11.23–$11.30)
• Total shares acquired: 13,276; total reported cash value ≈ $147,736.
• Shares owned after transaction: not specified in the filing.
• Beneficial ownership notes (footnote F2): shares are directly held by SoftVest, LP. SoftVest GP I, LLC is the general partner and Eric L. Oliver is the managing member; Oliver disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Reported on 2026-09-10 for transactions on 2026-09-08 and 09-09 (filed within the typical two-business-day Form 4 window).

Context

• These were open-market purchases by a reported 10% owner (institutional/insider capacity), not option exercises, awards, or gifts. For 10% owners, filings often reflect institutional holdings or investment activity rather than executive compensation decisions. The footnotes indicate the reported prices are weighted averages from multiple trades and provide ranges; the filer offers to provide per-trade details on request.