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PERMIAN BASIN ROYALTY TRUST

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4656
SEC CIK
0000319654
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4

Last 12 months

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0 purchase rows · 0 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
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MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202600
Feb 202600
Mar 202600
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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
December 19, 2025 Filed Dec 23, 2025 01:29 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 1 $0.00 Strike: $15.00 $0.00
Disclosure

SEC source: 0001104659-25-123899 · tm2533930-1_4seq1.xml · derivative · entry 2

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 100 shares

Expires 2025-12-19

F1 · derivative.exercise_date: This short put option was written before the Reporting Persons became Section 16 insiders of the Issuer and therefore was reported on the Reporting Persons' Form 3 filed on July 22, 2025, and as such the expiration of this option is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended.

F2 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest Advisors, LLC, 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 therein.

Read SEC document
December 19, 2025 Filed Dec 23, 2025 01:29 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 3,965 $0.00 Strike: $12.50 $0.00
Disclosure

SEC source: 0001104659-25-123899 · tm2533930-1_4seq1.xml · derivative · entry 1

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 396,500 shares

Expires 2025-12-19

F1 · derivative.exercise_date: This short put option was written before the Reporting Persons became Section 16 insiders of the Issuer and therefore was reported on the Reporting Persons' Form 3 filed on July 22, 2025, and as such the expiration of this option is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended.

F2 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest Advisors, LLC, 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 therein.

Read SEC document
September 19, 2025 Filed Sep 22, 2025 20:26 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 864 $0.00 Strike: $7.50 $0.00
Disclosure

SEC source: 0001104659-25-092151 · tm2526512-1_4seq1.xml · derivative · entry 2

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 86,400 shares

Expires 2025-09-19

F1 · derivative.exercise_date: This short put option was written before the Reporting Persons became Section 16 insiders of the Issuer and therefore was reported on the Reporting Persons' Form 3 filed on July 22, 2025, and as such the expiration of this option is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended.

F2 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest Advisors, LLC, 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 therein.

Read SEC document
September 19, 2025 Filed Sep 22, 2025 20:26 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 7,723 $0.00 Strike: $10.00 $0.00
Disclosure

SEC source: 0001104659-25-092151 · tm2526512-1_4seq1.xml · derivative · entry 1

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 772,300 shares

Expires 2025-09-19

F1 · derivative.exercise_date: This short put option was written before the Reporting Persons became Section 16 insiders of the Issuer and therefore was reported on the Reporting Persons' Form 3 filed on July 22, 2025, and as such the expiration of this option is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended.

F2 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest Advisors, LLC, 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 therein.

Read SEC document
July 03, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 2,000 $12.80 $25,600.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 17

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,217,107

F17 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.79 to $12.80, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
July 02, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 6,483 $12.78 $82,852.74
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 16

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,215,107

F16 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.63 to $12.84, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
July 01, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 2,000 $12.40 $24,800.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 15

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,208,624

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 30, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 4,000 $12.46 $49,840.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 14

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,206,624

F15 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.45 to $12.48, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 27, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 6,898 $12.51 $86,293.98
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 13

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,202,624

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.44 to $12.55, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 26, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 2,000 $12.31 $24,620.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 12

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,195,726

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.25 to $12.31, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 25, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 4,000 $12.05 $48,200.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 11

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,193,726

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.04 to $12.05, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 24, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 7,138 $12.10 $86,369.80
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 10

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,189,726

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.93 to $12.13, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 23, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 20,165 $12.12 $244,399.80
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 9

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,182,588

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.05 to $12.20, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 20, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 2,711 $0.00 Strike: $10.00 $0.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 28

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 271,100 shares

Expires 2025-06-20

F20 · derivative.exercise_date: This short put option was written before the Reporting Persons became a Section 16 insider of the Issuer and therefore was reported on the Reporting Person's Form 3 filed on July 22, 2025, and as such the expiration of this option is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 20, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 23.3 $0.00 Strike: $12.50 $0.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 27

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 0

Underlying: Units of Beneficial Ownership · 23,300 shares

Expires 2025-06-20

F5 · derivative.exercise_date: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 20, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 20, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherUnits of Beneficial Ownership 23,300 $12.50 $291,250.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 8

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,162,423

F5 · kind: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 20, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 20, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 4,582 $11.96 $54,800.72
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 7

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,139,123

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.94 to $11.98, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 18, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 11,241 $12.11 $136,128.51
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 6

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,134,541

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.06 to $12.15, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 17, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 15,000 $12.08 $181,200.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 5

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,123,300

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.06 to $12.10, inclusive.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 12, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 20.3 $0.00 Strike: $12.50 $0.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 26

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 23,300

Underlying: Units of Beneficial Ownership · 20,300 shares

Expires 2025-06-20

F4 · derivative.exercise_date: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 12, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 12, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
SaleShort Put Option (Obligation to buy) · Derivative 50 $1.05 Strike: $12.50 $52.50
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 25

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 43,600

Underlying: Units of Beneficial Ownership · 5,000 shares

Expires 2025-06-20

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 12, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherUnits of Beneficial Ownership 20,300 $12.50 $253,750.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 4

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,108,300

F4 · kind: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 12, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 12, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 22,000 $11.62 $255,640.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 3

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,088,000

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.46 to $11.65, 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 shares sold at each separate price within the ranges set forth in footnotes (6) through (17) to this Form 4.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 11, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherShort Put Option (Obligation to buy) · Derivative 10 $0.00 Strike: $12.50 $0.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 24

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 38,600

Underlying: Units of Beneficial Ownership · 1,000 shares

Expires 2025-06-20

F3 · derivative.exercise_date: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 11, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 11, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
SaleShort Put Option (Obligation to buy) · Derivative 200 $1.02 Strike: $12.50 $204.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 23

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 39,600

Underlying: Units of Beneficial Ownership · 20,000 shares

Expires 2025-06-20

F19 · price: The price reported in Column 8 is the weighted average of the premium received. These puts were written in multiple transactions with premiums ranging from $1.00 to $1.05.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 11, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
OtherUnits of Beneficial Ownership 1,000 $12.50 $12,500.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 2

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,066,000

F3 · kind: The counterparty to these outstanding short put options exercised such options, in its sole discretion and without any action of the Reporting Persons, on June 11, 2025. As a result of such exercise, SoftVest, LP was required to purchase these shares at an exercise price of $12.50 per share.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 11, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
PurchaseUnits of Beneficial Ownership 5,000 $11.49 $57,450.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · nonDerivative · entry 1

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 6,065,000

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 06, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
SaleShort Put Option (Obligation to buy) · Derivative 20 $1.30 Strike: $12.50 $26.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 22

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 19,600

Underlying: Units of Beneficial Ownership · 2,000 shares

Expires 2025-06-20

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 05, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
SaleShort Put Option (Obligation to buy) · Derivative 51 $1.50 Strike: $12.50 $76.50
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 21

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 17,600

Underlying: Units of Beneficial Ownership · 5,100 shares

Expires 2025-06-20

F18 · price: The price reported in Column 8 is the weighted average of the premium received. These puts were written in multiple transactions with premiums ranging from $1.50 to $1.60. 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 puts written at each separate premium amount within the ranges set forth in footnotes (18) and (19) to this Form 4.

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document
June 04, 2025 Filed Jul 22, 2025 20:16 UTC
OLIVER ERIC L10% owner
SoftVest, LP10% owner
SaleShort Put Option (Obligation to buy) · Derivative 100 $1.30 Strike: $12.50 $130.00
Disclosure

SEC source: 0001104659-25-069624 · tm2521338-2_4seq1.xml · derivative · entry 20

OLIVER ERIC L · CIK 0001168602 · 10% owner

SoftVest Advisors, LLC · CIK 0001803391 · 10% owner

SoftVest, LP · CIK 0001406386 · 10% owner

SoftVest GP I, LLC · CIK 0002077837 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By SoftVest, LP

Disclosed balance after: 12,500

Underlying: Units of Beneficial Ownership · 10,000 shares

Expires 2025-06-20

F1 · ownership.nature: Directly held by SoftVest, LP. SoftVest Advisors, LLC is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric Lee Oliver is the managing member of SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric Lee 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 therein.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.