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

Cross Timbers (NYSE: CRT) insider SoftVest adds 12,696 units

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

Rhea-AI Filing Summary

CROSS TIMBERS ROYALTY TRUST insider reporting group associated with Eric L. Oliver, SoftVest, LP, and SoftVest GP I, LLC reported two open-market purchases of Units of Beneficial Interest. On 2026-08-13, SoftVest, LP indirectly acquired 3,087 units at a weighted average price of $10.12 per unit, from individual trades between $10.00 and $10.20. On 2026-08-14, SoftVest, LP indirectly acquired 9,609 units at a weighted average price of $10.44 per unit, from individual trades between $10.35 and $10.50. In total, the reporting group disclosed 12,696 units of net purchases, all held indirectly through SoftVest, LP, with Mr. Oliver disclaiming 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 12,696 shs ($132K)
Type Security Shares Price Value
Purchase Units of Beneficial Interest F3, F2 9,609 $10.44 $100K
Purchase Units of Beneficial Interest F1, F2 3,087 $10.12 $31K
Holdings After Transaction: Units of Beneficial Interest — 963,738 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 $10.00 to $10.20, 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 $10.35 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 2026-08-13 3,087 units Indirect purchase of Units of Beneficial Interest by SoftVest, LP on 2026-08-13
Weighted average price 2026-08-13 $10.12 per unit Open-market purchases between $10.00 and $10.20 on 2026-08-13
Units purchased 2026-08-14 9,609 units Indirect purchase of Units of Beneficial Interest by SoftVest, LP on 2026-08-14
Weighted average price 2026-08-14 $10.44 per unit Open-market purchases between $10.35 and $10.50 on 2026-08-14
Total net units purchased 12,696 units Net buy shares across all reported transactions in this Form 4
Number of purchase transactions 2 Two non-derivative purchase transactions coded "P"
Units of Beneficial Interest financial
"security_title: "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.
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.

FAQ

What insider transactions were reported for CROSS TIMBERS ROYALTY TRUST (CRT) on this Form 4?
The filing reports two open-market purchases of CROSS TIMBERS ROYALTY TRUST Units of Beneficial Interest, totaling 12,696 units, executed on 2026-08-13 and 2026-08-14 and held indirectly through SoftVest, LP.

How many CRT units did SoftVest, LP purchase on each reported date?
SoftVest, LP purchased 3,087 CRT units on 2026-08-13 and 9,609 CRT units on 2026-08-14. Both transactions involve Units of Beneficial Interest and are reported as indirect holdings for the insider group.

What prices were paid for the CRT units in the reported insider purchases?
The filing shows weighted average prices of $10.12 per unit on 2026-08-13 and $10.44 per unit on 2026-08-14, with individual trades ranging from $10.00–$10.20 and $10.35–$10.50, respectively.

Are the CRT units held directly by Eric L. Oliver or through an entity?
The units are held indirectly by SoftVest, LP. SoftVest GP I, LLC is SoftVest, LP’s general partner, and Eric L. Oliver is managing member; he disclaims beneficial ownership except for his pecuniary interest.

Was a Rule 10b5-1 trading plan indicated in this CRT insider filing?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmatively used, and the footnotes do not reference any trading plan, so the purchases are not identified as made under a Rule 10b5-1 plan.

What is the total net change in CRT holdings reported in this Form 4?
The transaction summary shows a net buy of 12,696 units of CROSS TIMBERS ROYALTY TRUST. All reported transactions are purchases, with no sales, gifts, or derivative exercises in this filing.

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

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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)
08/13/2026		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 Interest08/13/2026P3,087A$10.12(1)954,129IBy SoftVest, LP(2)
Units of Beneficial Interest08/14/2026P9,609A$10.44(3)963,738IBy 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 $10.00 to $10.20, 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 $10.35 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. Oliver08/17/2026
SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member08/17/2026
SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member08/17/2026
** 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