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SoftVest LP adds CRT (NYSE: CRT) units in open-market insider buy

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

Rhea-AI Filing Summary

Cross Timbers Royalty Trust insider filings show an affiliated entity increasing its position. On behalf of SoftVest, LP, 6,844 Units of Beneficial Interest were bought in an open-market purchase at a weighted average price of $10.42 per unit. Following this transaction, SoftVest, LP indirectly holds 732,787 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; Mr. Oliver disclaims beneficial ownership except to the extent of 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 6,844 shs ($71K)
Type Security Shares Price Value
Purchase Units of Beneficial Interest 6,844 $10.42 $71K
Holdings After Transaction: Units of Beneficial Interest — 732,787 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 $10.36 to $10.45, 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.
Units purchased 6,844 units Open-market buy on 2026-04-10
Weighted average price $10.42 per unit Open-market purchase range $10.36–$10.45
Holdings after transaction 732,787 units Indirectly held by SoftVest, LP after purchase
Price range $10.36–$10.45 Multiple trades included in weighted average
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
indirect ownership financial
"Directly held by SoftVest, LP... Mr. Oliver disclaims any beneficial ownership"
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)
04/10/2026		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 Interest04/10/2026P6,844A$10.42(1)732,787IBy 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 $10.36 to $10.45, 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. Oliver04/14/2026
SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric L. Oliver, Managing Member04/14/2026
SoftVest GP I, LLC By: /s/ Eric L. Oliver, Managing Member04/14/2026
** 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 transaction did CRT report for SoftVest, LP?

Cross Timbers Royalty Trust reported that SoftVest, LP purchased 6,844 Units of Beneficial Interest in an open-market transaction at a weighted average price of $10.42 per unit, increasing its indirect holdings in the trust.

How many CRT units does SoftVest, LP hold after this Form 4 transaction?

After the reported purchase, SoftVest, LP indirectly holds 732,787 Units of Beneficial Interest in Cross Timbers Royalty Trust. This figure reflects its position immediately following the 6,844-unit open-market buy disclosed in the Form 4 filing.

Who is Eric L. Oliver in relation to SoftVest, LP and CRT?

Eric L. Oliver is the managing member of SoftVest GP I, LLC, which is the general partner of SoftVest, LP. He may be deemed to beneficially own SoftVest, LP’s CRT units but disclaims ownership except for his pecuniary interest.

How was the purchase price for the CRT units determined?

The Form 4 reports a weighted average price of $10.42 per unit. The units were acquired in multiple trades at prices ranging from $10.36 to $10.45, and detailed trade-level information is available upon request from the reporting person.

Is the CRT Form 4 transaction a direct or indirect holding for Eric L. Oliver?

The CRT units are held indirectly through SoftVest, LP. The filing notes they are directly owned by SoftVest, LP, with SoftVest GP I, LLC as general partner, and Eric L. Oliver disclaims beneficial ownership beyond his pecuniary interest.