SoftVest, LP linked to CRT (NYSE: CRT) adds 581 trust units in open-market buys

Rhea-AI Filing Summary

CROSS TIMBERS ROYALTY TRUST reported insider-related open-market purchases of its Units of Beneficial Interest by SoftVest, LP, an entity associated with ten percent owner Eric L. Oliver. SoftVest, LP bought a total of 581 units at prices between $10.50 and $10.60 per unit.

After these transactions, SoftVest, LP holds 711,325 units indirectly. According to the filing, SoftVest GP I, LLC is the general partner of SoftVest, LP and Mr. Oliver is the managing member, and he may be deemed to beneficially own these securities to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 581 shares ($6,140)

Net Buy 2 txns

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

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

Bought 581 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Units of Beneficial Interest	182	$10.50	$2K
Purchase	Units of Beneficial Interest	399	$10.60	$4K

Holdings After Transaction: Units of Beneficial Interest — 711,325 shares (Indirect, By SoftVest, LP)

Footnotes (1)

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Key Figures

Units purchased on 2026-04-02: 399 units Units purchased on 2026-04-06: 182 units Total units bought in this filing: 581 units +3 more

6 metrics

Units purchased on 2026-04-02 399 units Open-market purchase at $10.60 per unit

Units purchased on 2026-04-06 182 units Open-market purchase at $10.50 per unit

Total units bought in this filing 581 units Sum of reported open-market purchases

Price per unit (higher trade) $10.60 Open-market purchase price for 399 units

Price per unit (lower trade) $10.50 Open-market purchase price for 182 units

Indirect holdings after latest trade 711,325 units Units of Beneficial Interest held by SoftVest, LP

Key Terms

Units of Beneficial Interest, open-market purchase, ten percent owner, indirect ownership, +1 more

5 terms

Units of Beneficial Interest financial

"The Form 4 covers purchases of Units of Beneficial Interest in the trust."

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.

open-market purchase financial

"Each transaction is described as an open-market purchase with code P."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner financial

"Eric L. Oliver and related entities are identified as ten percent owners."

indirect ownership financial

"The filing classifies the holdings as indirect ownership by SoftVest, LP."

beneficially own financial

"The filing notes Mr. Oliver may be deemed to beneficially own the securities."

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Form 4 Insider Transactions: What Each Field Means →

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)
04/02/2026

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	04/02/2026		P		399	A	$10.6	711,143	I	By SoftVest, LP(1)
Units of Beneficial Interest	04/06/2026		P		182	A	$10.5	711,325	I	By SoftVest, LP(1)

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. 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.

	/s/ Eric L. Oliver	04/07/2026
	SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member	04/07/2026
	SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member	04/07/2026
	** 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)

FAQ

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

The Form 4 reports that SoftVest, LP executed two open-market purchases of CROSS TIMBERS ROYALTY TRUST units, totaling 581 Units of Beneficial Interest. These transactions reflect additional indirect holdings associated with ten percent owner Eric L. Oliver through SoftVest, LP.

How many CRT units did SoftVest, LP buy and at what prices?

SoftVest, LP bought 399 units at $10.60 per unit and 182 units at $10.50 per unit. Together, these open-market purchases total 581 Units of Beneficial Interest in CROSS TIMBERS ROYALTY TRUST at prices slightly above ten dollars per unit.

What is SoftVest, LP’s CRT position after these purchases?

Following the reported transactions, SoftVest, LP holds 711,325 Units of Beneficial Interest in CROSS TIMBERS ROYALTY TRUST. This figure represents the indirect ownership position after the most recent open-market purchases disclosed in the filing for the reporting persons associated with SoftVest, LP.

How is Eric L. Oliver related to the CRT units held by SoftVest, LP?

Eric L. Oliver is the managing member of SoftVest GP I, LLC, which is the general partner of SoftVest, LP. The filing states he may be deemed to beneficially own units held by SoftVest, LP, but he disclaims ownership beyond his pecuniary interest.

Are these CRT insider transactions direct or indirect holdings?

The reported CRT transactions are classified as indirect holdings, with ownership described as “By SoftVest, LP.” The units are directly held by SoftVest, LP, and associated entities SoftVest GP I, LLC and Eric L. Oliver are reported due to their roles and potential beneficial interests.

What transaction code is used for these CRT insider purchases and what does it mean?

Both transactions use code P, which the filing describes as a “Purchase in open market or private transaction.” This indicates that SoftVest, LP acquired CRT Units of Beneficial Interest through open-market buying rather than option exercises, gifts, or other non-market mechanisms.