OLIVER ERIC L 4

What Happened
Eric L. Oliver, reported as a 10% owner of Cross Timbers Royalty Trust (CRT), acquired a total of 29,293 shares via purchase (code P) in two open-market transactions. On 2026-03-25 he bought 26,134 shares at a reported weighted-average price of $9.69 (total ~$253,238), and on 2026-03-26 he bought 3,159 shares at a reported weighted-average price of $9.91 (total ~$31,306). Combined consideration for these purchases is approximately $284,544. Purchases are generally interpreted as a non-sale (buy) transaction.

Key Details

• Transaction dates: 2026-03-25 (26,134 shares, weighted avg $9.69) and 2026-03-26 (3,159 shares, weighted avg $9.91).
• Price ranges (per footnotes): 3/25 purchases occurred at prices from $9.58 to $9.95; 3/26 purchases ranged $9.86 to $9.96. Weighted-average prices reported; detailed per-trade prices available on request per the filing.
• Total shares purchased: 29,293; total cash spent: ~ $284,544.
• Shares owned after transaction: not specified in the excerpts of the filing.
• Ownership structure: the securities are directly held by SoftVest, LP. SoftVest GP I, LLC is the general partner and Eric L. Oliver is the managing member; as a result he may be deemed to beneficially own those securities, though he disclaims beneficial ownership except for his pecuniary interest (footnote).
• Filing timeliness: Form 4 was filed on 2026-03-27 covering transactions on 2026-03-25 and 03-26; this appears to be within the typical two-business-day Form 4 reporting window.

Context
These were open-market purchases by a reported 10% owner (an entity-managed position via SoftVest), not an executive option exercise or gift. Purchases by large owners can reflect additional investment by the holding entity, but the filing provides no statement of intent or further corporate material information.