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  4. [Form 4] CROSS TIMBERS ROYALTY TRUST Insider Trading Activity

SoftVest, LP (CRT) expands indirect stake with open-market unit buys

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Cross Timbers Royalty Trust insider filings show that investment entity SoftVest, LP made open-market purchases of Units of Beneficial Interest over two days. SoftVest, LP bought 21,678 units at a weighted average price of $10.42 and 3,747 units at a weighted average price of $10.48, in multiple trades within stated price ranges. After these transactions, indirect holdings reported as held by SoftVest, LP totaled 758,212 units. SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric L. Oliver is the managing member of SoftVest GP I, LLC; they may be deemed to beneficially own these securities, although Mr. Oliver disclaims beneficial ownership beyond his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider OLIVER ERIC L, SoftVest, LP, SoftVest GP I, LLC
Role 10% Owner | 10% Owner | 10% Owner
Bought 25,425 shs ($265K)
Type Security Shares Price Value
Purchase Units of Beneficial Interest 3,747 $10.48 $39K
Purchase Units of Beneficial Interest 21,678 $10.42 $226K
Holdings After Transaction: Units of Beneficial Interest — 758,212 shares (Indirect, By SoftVest, LP)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.25 to $10.50, 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. 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. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.36 to $10.50, 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.
Units purchased 2026-04-14 21,678 units Open-market purchase at weighted average $10.42
Units purchased 2026-04-15 3,747 units Open-market purchase at weighted average $10.48
Total units purchased 25,425 units Net buy across both reported transactions
Holdings after latest transaction 758,212 units Indirect units of beneficial interest held by SoftVest, LP
Weighted average price 2026-04-14 $10.42 per unit Multiple trades between $10.25 and $10.50
Weighted average price 2026-04-15 $10.48 per unit Multiple trades between $10.36 and $10.50
Units of Beneficial Interest financial
"The filing reports open-market purchases of 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
"Mr. Oliver disclaims any beneficial ownership except to the extent of his pecuniary interest therein."
indirect ownership financial
"The units are reported as indirect ownership by SoftVest, LP."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Units of Beneficial Interest04/14/2026P21,678A$10.42(1)754,465IBy SoftVest, LP(2)
Units of Beneficial Interest04/15/2026P3,747A$10.48(3)758,212IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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 $10.25 to $10.50, 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.
3. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.36 to $10.50, 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.
/s/ Eric L. Oliver04/16/2026
SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member04/16/2026
SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member04/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CRT report in this Form 4 filing?

The filing reports that SoftVest, LP made two open-market purchases of Cross Timbers Royalty Trust Units of Beneficial Interest, totaling 25,425 units, across two consecutive days at weighted average prices slightly above $10 per unit.

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

SoftVest, LP purchased 21,678 CRT units at a weighted average price of $10.42 and 3,747 units at a weighted average price of $10.48, with individual trades executed within disclosed price ranges around those averages.

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

After the latest reported transaction, holdings attributed to SoftVest, LP total 758,212 Units of Beneficial Interest in Cross Timbers Royalty Trust, reported as indirect ownership in the filing through SoftVest, LP rather than direct personal ownership.

Who is Eric L. Oliver in relation to the CRT insider transactions?

Eric L. Oliver is the managing member of SoftVest GP I, LLC, the general partner of SoftVest, LP. The filing states he may be deemed a beneficial owner of SoftVest, LP’s CRT holdings but disclaims beneficial ownership beyond his pecuniary interest.

How were the CRT purchase prices for SoftVest, LP’s trades determined?

The reported prices are weighted averages. For each transaction date, CRT units were bought in multiple trades within specified ranges, and the filing provides the average price while noting detailed trade-by-trade pricing is available on request.

Are these CRT insider purchases held directly or indirectly?

The units are reported as held indirectly through SoftVest, LP. The filing specifies ownership type as indirect, with SoftVest GP I, LLC as general partner and Eric L. Oliver connected through that role rather than direct individual ownership.