Cross Timbers insider entities buy 26K units

Cross Timbers Royalty Trust reported open‑market purchases of a total of 26,082 Units of Beneficial Interest linked to entities associated with Eric L. Oliver.

Rhea-AI Filing Summary

Cross Timbers Royalty Trust reported open‑market purchases of a total of 26,082 Units of Beneficial Interest linked to entities associated with Eric L. Oliver. SoftVest, LP acquired 13,132 units on August 11, 2026 at a weighted average price of $9.95 and 12,950 units on August 12, 2026 at a weighted average price of $10.08, in multiple trades within narrow price ranges. The units are held directly by SoftVest, LP; SoftVest GP I, LLC is its general partner and Mr. Oliver is the managing member, and each may be deemed to beneficially own these securities, with Mr. Oliver disclaiming beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Buyer: 26,082 shares

Net Buy 2 txns

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

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

Bought 26,082 shs ($261K)

Type	Security	Shares	Price	Value
Purchase	Units of Beneficial Interest F3, F2	12,950	$10.08	$131K
Purchase	Units of Beneficial Interest F1, F2	13,132	$9.95	$131K

Holdings After Transaction: Units of Beneficial Interest — 951,042 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 $9.94 to $9.95, 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 $9.95 to $10.10, 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

Total units purchased: 26,082 Units of Beneficial Interest Units purchased 2026-08-11: 13,132 units at $9.95 Units purchased 2026-08-12: 12,950 units at $10.08 +1 more

4 metrics

Total units purchased 26,082 Units of Beneficial Interest Combined open‑market purchases on August 11–12, 2026 by SoftVest, LP

Units purchased 2026-08-11 13,132 units at $9.95 Weighted average price; trades ranged from $9.94 to $9.95

Units purchased 2026-08-12 12,950 units at $10.08 Weighted average price; trades ranged from $9.95 to $10.10

Rule 10b5-1 status Checkbox not affirmed as Rule 10b5-1 Form 4 document-level trading plan indicator

Key Terms

Units of Beneficial Interest, weighted average price, pecuniary interest

3 terms

Units of Beneficial Interest financial

"security_title: "Units of Beneficial Interest" for the reported 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.

pecuniary interest financial

"Mr. Oliver disclaims any beneficial ownership... except to the extent of his pecuniary interest therein."

FAQ

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

What insider transactions did CRT report in this Form 4?

The filing reports two open‑market purchases of Cross Timbers Royalty Trust Units of Beneficial Interest totaling 26,082 units, executed on August 11 and 12, 2026 by SoftVest, LP.

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

SoftVest, LP bought 13,132 units at $9.95 on August 11, 2026 and 12,950 units at $10.08 on August 12, 2026, both reported as weighted average prices from multiple trades.

Who is reported as the beneficial owner of the CRT units in this filing?

The units are held directly by SoftVest, LP. SoftVest GP I, LLC, its general partner, and Eric L. Oliver, its managing member, may be deemed beneficial owners, subject to Mr. Oliver’s pecuniary interest disclaimer.

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

The Form 4’s Rule 10b5‑1 checkbox is not marked as affirming plan status, and the footnotes do not state that these purchases were made under a Rule 10b5‑1 trading plan.

Are the reported CRT purchase prices exact or averages?

Both reported prices are weighted average prices. The August 11 trades ranged from $9.94 to $9.95, and the August 12 trades ranged from $9.95 to $10.10, with detailed breakdowns available on request.

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

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Available on EDGAR 08/13/2026 - 04:27 PM Accepted by SEC EDGAR 08/13/2026 - 04:26 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)
08/11/2026

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	08/11/2026		P		13,132	A	$9.95(1)	938,092	I	By SoftVest, LP(2)
Units of Beneficial Interest	08/12/2026		P		12,950	A	$10.08(3)	951,042	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 $9.94 to $9.95, 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 $9.95 to $10.10, 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	08/13/2026
	SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member	08/13/2026
	SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member	08/13/2026
	** 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)