Cross Timbers insider buys 6,236 units around $10.6

Rhea-AI Filing Summary

CROSS TIMBERS ROYALTY TRUST (CRT) reported that an entity associated with 10% owner Eric L. Oliver, SoftVest, LP, purchased a total of 6,236 Units of Beneficial Interest in open-market transactions on September 1–2, 2026, at weighted average prices of $10.51 and $10.63 per unit. The units are held indirectly by SoftVest, LP; SoftVest GP I, LLC and Mr. Oliver may be deemed beneficial owners, and Mr. Oliver disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 6,236 shares

Net Buy 2 txns

Insider OLIVER ERIC L, SoftVest, LP, SoftVest GP I, LLC

Role 10% Owner | 10% Owner | 10% Owner

Bought 6,236 shs ($66K)

Type	Security	Shares	Price	Value
Purchase	Units of Beneficial Interest F3, F2	2,289	$10.63	$24K
Purchase	Units of Beneficial Interest F1, F2	3,947	$10.51	$41K

Holdings After Transaction: Units of Beneficial Interest — 969,974 shares (Indirect, By SoftVest, LP)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.50 to $10.60, 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.
2. 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.
3. F3. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.52 to $10.64, 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.

Key Figures

Units purchased (September 1, 2026): 3,947 units Weighted average price (September 1, 2026): $10.51 per unit Units purchased (September 2, 2026): 2,289 units +2 more

5 metrics

Units purchased (September 1, 2026) 3,947 units Indirectly held by SoftVest, LP

Weighted average price (September 1, 2026) $10.51 per unit Purchases in range $10.50–$10.60

Units purchased (September 2, 2026) 2,289 units Indirectly held by SoftVest, LP

Weighted average price (September 2, 2026) $10.63 per unit Purchases in range $10.52–$10.64

Total units purchased 6,236 units Net buy activity across both reported transactions

Key Terms

Units of Beneficial Interest, weighted average price, pecuniary interest

3 terms

Units of Beneficial Interest financial

"security title is reported as Units of Beneficial Interest"

Units of beneficial interest are pieces of ownership in a trust, fund, or pooled investment that give the holder a right to a share of the assets and income without holding the underlying property directly. Think of them as slices of a pie that entitle you to future slices of profit or distributions; investors care because these units determine how returns, risks, voting rights, and tax treatment are allocated and how easily you can buy or sell your stake.

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

What insider transactions were reported for CRT in this Form 4?

The filing reports that SoftVest, LP, associated with a 10% owner, purchased a total of 6,236 Units of Beneficial Interest in CROSS TIMBERS ROYALTY TRUST in open-market transactions on September 1 and 2, 2026.

At what prices were the CRT units purchased in this Form 4?

On September 1, 2026, 3,947 units were bought at a $10.51 weighted average, with prices from $10.50–$10.60. On September 2, 2026, 2,289 units were bought at a $10.63 weighted average, with prices from $10.52–$10.64.

Who is the reporting person in the CRT Form 4 and how are the units held?

The filing lists Eric L. Oliver, SoftVest, LP, and SoftVest GP I, LLC as reporting persons. The CRT units are held indirectly, directly owned by SoftVest, LP, with SoftVest GP I, LLC as general partner and Mr. Oliver as managing member.

Does Eric L. Oliver claim full beneficial ownership of the CRT units?

No. The Form 4 states that Mr. Oliver may be deemed to beneficially own the securities held by SoftVest, LP but disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

Were the CRT insider purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that these CRT transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.

Are the reported CRT transaction prices exact or averages?

The reported per-unit prices of $10.51 and $10.63 are weighted average prices. The Form 4 explains that individual trades occurred in price ranges of $10.50–$10.60 and $10.52–$10.64, and detailed trade data is available upon request.

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Available on EDGAR 09/03/2026 - 05:53 PM Accepted by SEC EDGAR 09/03/2026 - 04:40 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

OLIVER ERIC L

(Last) (First) (Middle)

400 PINE STREET, SUITE 1010

(Street)

ABILENE TEXAS 79601

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CROSS TIMBERS ROYALTY TRUST [ CRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Units of Beneficial Interest	09/01/2026		P		3,947	A	$10.51(1)	967,685	I	By SoftVest, LP(2)
Units of Beneficial Interest	09/02/2026		P		2,289	A	$10.63(3)	969,974	I	By SoftVest, LP(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

OLIVER ERIC L

(Last) (First) (Middle)

400 PINE STREET, SUITE 1010

(Street)

ABILENE TEXAS 79601

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

SoftVest, LP

(Last) (First) (Middle)

400 PINE STREET, SUITE 1010

(Street)

ABILENE TEXAS 79601

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

SoftVest GP I, LLC

(Last) (First) (Middle)

400 PINE STREET, SUITE 1010

(Street)

ABILENE TEXAS 79601

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.50 to $10.60, 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.

2. 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.

3. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.52 to $10.64, 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.

	/s/ Eric L. Oliver	09/03/2026
	SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member	09/03/2026
	SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member	09/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)