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Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell.
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 19, 2025
Reporting period
Not applicable
Filed with the SEC
Dec 23, 2025
10% ownerIndirect holdingOther
Context
Classification
other
Code E — not an open-market trade
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001104659-25-123899
Filed / recorded
Dec 23, 2025, 1:29 AM UTC
Added to OQRO
Oct 8, 2026, 8:19 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
PERMIAN BASIN ROYALTY TRUST
Issuer CIK
319654
Ticker
PBT
Reporting person
OLIVER ERIC L
Relationship
10% owner
Security
Short Put Option (Obligation to buy)
Table
Derivative (Table II)
Transaction date
Dec 19, 2025
Transaction code
E
Shares / units
1
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
0
Ownership form
Indirect — By SoftVest, LP
Amendment
No
Footnotes from the filing
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.
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.
Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.