Cross Timbers insider buys 16,360 units at $11.46

An entity associated with a ten percent owner of CROSS TIMBERS ROYALTY TRUST bought 16,360 additional units, bringing its indirect holdings to 1,005,873 units.

Rhea-AI Filing Summary

CROSS TIMBERS ROYALTY TRUST (CRT) reports that an entity associated with a ten percent owner purchased additional Units of Beneficial Interest on September 11, 2026.

SoftVest, LP purchased 16,360 units in open-market or private transactions at a weighted average price of $11.46 per unit, with individual trade prices ranging from $11.33 to $11.50. After these purchases, SoftVest, LP indirectly holds 1,005,873 units of the trust. SoftVest GP I, LLC is the general partner of SoftVest, LP and Eric L. Oliver is the managing member of SoftVest GP I, LLC, so each may be deemed to beneficially own the units held by SoftVest, LP, although Mr. Oliver disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 16,360 shares

Net Buy 1 txn

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

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

Bought 16,360 shs ($187K)

Type	Security	Shares	Price	Value
Purchase	Units of Beneficial Interest F1, F2	16,360	$11.46	$187K

Holdings After Transaction: Units of Beneficial Interest — 1,005,873 shares (Indirect, By SoftVest, LP)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $11.33 to $11.50, 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.

Key Figures

Units purchased: 16,360 units Weighted average purchase price: $11.46 per unit Purchase price range: $11.33–$11.50 per unit +2 more

5 metrics

Units purchased 16,360 units Units of Beneficial Interest bought on September 11, 2026 by SoftVest, LP

Weighted average purchase price $11.46 per unit Average price for units purchased on September 11, 2026

Purchase price range $11.33–$11.50 per unit Range of individual transaction prices for the September 11, 2026 purchases

Indirect holdings after transaction 1,005,873 units Units of Beneficial Interest indirectly held by SoftVest, LP after the purchase

Net buy shares reported 16,360 units Net change in non-derivative holdings from reported transactions

Key Terms

Units of Beneficial Interest, weighted average price, beneficially own, pecuniary interest

4 terms

Units of Beneficial Interest financial

"These securities were purchased in multiple transactions"

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.

beneficially own financial

"may be deemed to beneficially own the securities beneficially owned by SoftVest, LP."

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.

pecuniary interest financial

"except to the extent of his pecuniary interest therein."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CRT report for September 11, 2026?

CROSS TIMBERS ROYALTY TRUST reported that SoftVest, LP purchased 16,360 Units of Beneficial Interest on September 11, 2026 in an open-market or private transaction, increasing its indirect holdings in the trust.

At what price were the CRT units purchased in the latest Form 4?

The units were bought at a weighted average price of $11.46 per unit. The filing states trades occurred in a price range from $11.33 to $11.50, and the reporter can provide the exact breakdown upon request.

How many CRT units does SoftVest, LP hold after this transaction?

After the reported purchase, SoftVest, LP indirectly holds 1,005,873 Units of Beneficial Interest of CROSS TIMBERS ROYALTY TRUST, according to the Form 4 disclosure.

Who are the reporting persons in the CRT Form 4 filing?

The reporting persons are SoftVest, LP, SoftVest GP I, LLC, and Eric L. Oliver, each listed as a ten percent owner of CROSS TIMBERS ROYALTY TRUST in the ownership report.

Does Eric L. Oliver claim full beneficial ownership of the CRT units held by SoftVest, LP?

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

Was the CRT insider purchase made under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 trading plan governs these transactions, meaning the purchases are not reported as made under a pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/15/2026 - 04:16 PM Accepted by SEC EDGAR 09/15/2026 - 04:15 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)
09/11/2026

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	09/11/2026		P		16,360	A	$11.46(1)	1,005,873	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 $11.33 to $11.50, 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.

	/s/ Eric L. Oliver	09/15/2026
	SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member	09/15/2026
	SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member	09/15/2026
	** 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)