Form 4: Eric L. Oliver Increases Stake in Cross Timbers Royalty

Reporting person Eric L. Oliver and SoftVest, LP acquired 8,542 units of Cross Timbers Royalty Trust at a weighted average price of $10.61.

Summary

• Eric L. Oliver, through SoftVest, LP, purchased 8,542 units of beneficial interest in Cross Timbers Royalty Trust (CRT).
• The acquisition occurred on May 11, 2026, at a weighted average price of $10.61 per unit.
• The purchase price for the units ranged from $10.45 to $10.65.
• Following this transaction, the reporting entities beneficially own 799,647 units of the trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a mildly positive signal, as it reflects continued commitment and capital deployment into the trust by a significant shareholder.

Positives

• Insider confidence is demonstrated by the purchase of additional units by a 10% owner.
• The acquisition increases the alignment of interests between the major shareholder and the trust.

Negatives

• None identified in this filing.

Risks

• The reporting person disclaims beneficial ownership except to the extent of their pecuniary interest, which is a standard legal disclaimer but highlights the structure of the investment vehicle.

Future Outlook

No specific forward-looking guidance or operational outlook was provided in this filing.

Industry Context

StockSavvy.ai notes that insider accumulation in royalty trusts often signals that major investors believe the underlying asset valuations or distribution yields are attractive at current market prices.

Comparison to Industry Standards

• The transaction is consistent with standard SEC reporting requirements for 10% beneficial owners.
• The use of a weighted average price for multiple transactions is a standard reporting practice for institutional investors.

Related Party Transactions

• The filing discloses that SoftVest, LP is the entity holding the units, with SoftVest GP I, LLC as the general partner and Eric L. Oliver as the managing member.

Stakeholder Impact

• Shareholders may view the increased stake by a 10% owner as a sign of stability and confidence in the trust's long-term value.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Cross Timbers Royalty Trust, CRT, Insider Trading, Form 4, SoftVest, Beneficial Ownership