| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| OLIVER ERIC L | 10%+ Owner | 400 PINE STREET, SUITE 1010, ABELINE | /s/ Eric Lee. Oliver | 22 Jul 2025 | 0001168602 |
| SoftVest Advisors, LLC | 10%+ Owner | 400 PINE STREET, SUITE 1010, ABELINE | SoftVest Advisors, LLC By: /s/ Eric Lee Oliver, Managing Member | 22 Jul 2025 | 0001803391 |
| SoftVest, LP | 10%+ Owner | 400 PINE STREET, SUITE 1010, ABELINE | SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric Lee Oliver, Managing Member | 22 Jul 2025 | 0001406386 |
| SoftVest GP I, LLC | 10%+ Owner | 400 PINE STREET, SUITE 1010, ABELINE | SoftVest GP I, LLC By: /s/ Eric Lee Oliver, Managing Member | 22 Jul 2025 | 0002077837 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PBT | Units of Beneficial Ownership | Purchase | $57,450 | +5,000 | +0.08% | $11.49 | 6,065,000 | 11 Jun 2025 | By SoftVest, LP | F1 |
| transaction | PBT | Units of Beneficial Ownership | Exercise of in-the-money or at-the-money derivative security | $12,500 | +1,000 | +0.02% | $12.50 | 6,066,000 | 11 Jun 2025 | By SoftVest, LP | F1, F3 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $255,640 | +22,000 | +0.36% | $11.62 | 6,088,000 | 12 Jun 2025 | By SoftVest, LP | F1, F6 |
| transaction | PBT | Units of Beneficial Ownership | Exercise of in-the-money or at-the-money derivative security | $253,750 | +20,300 | +0.33% | $12.50 | 6,108,300 | 12 Jun 2025 | By SoftVest, LP | F1, F4 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $181,200 | +15,000 | +0.25% | $12.08 | 6,123,300 | 17 Jun 2025 | By SoftVest, LP | F1, F7 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $136,129 | +11,241 | +0.18% | $12.11 | 6,134,541 | 18 Jun 2025 | By SoftVest, LP | F1, F8 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $54,801 | +4,582 | +0.07% | $11.96 | 6,139,123 | 20 Jun 2025 | By SoftVest, LP | F1, F9 |
| transaction | PBT | Units of Beneficial Ownership | Exercise of in-the-money or at-the-money derivative security | $291,250 | +23,300 | +0.38% | $12.50 | 6,162,423 | 20 Jun 2025 | By SoftVest, LP | F1, F5 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $244,400 | +20,165 | +0.33% | $12.12 | 6,182,588 | 23 Jun 2025 | By SoftVest, LP | F1, F10 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $86,370 | +7,138 | +0.12% | $12.10 | 6,189,726 | 24 Jun 2025 | By SoftVest, LP | F1, F11 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $48,200 | +4,000 | +0.06% | $12.05 | 6,193,726 | 25 Jun 2025 | By SoftVest, LP | F1, F12 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $24,620 | +2,000 | +0.03% | $12.31 | 6,195,726 | 26 Jun 2025 | By SoftVest, LP | F1, F13 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $86,294 | +6,898 | +0.11% | $12.51 | 6,202,624 | 27 Jun 2025 | By SoftVest, LP | F1, F14 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $49,840 | +4,000 | +0.06% | $12.46 | 6,206,624 | 30 Jun 2025 | By SoftVest, LP | F1, F15 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $24,800 | +2,000 | +0.03% | $12.40 | 6,208,624 | 01 Jul 2025 | By SoftVest, LP | F1 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $82,853 | +6,483 | +0.1% | $12.78 | 6,215,107 | 02 Jul 2025 | By SoftVest, LP | F1, F16 |
| transaction | PBT | Units of Beneficial Ownership | Purchase | $25,600 | +2,000 | +0.03% | $12.80 | 6,217,107 | 03 Jul 2025 | By SoftVest, LP | F1, F17 |
| holding | PBT | Units of Beneficial Ownership | 4,500 | 04 Jun 2025 | By Debeck LLC | F2 | |||||
| holding | PBT | Units of Beneficial Ownership | 4,500 | 04 Jun 2025 | By Debeck Properties | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PBT | Short Put Option (Obligation to buy) | Sale | $130 | -100 | -0.79% | $1.30 | 12,500 | 04 Jun 2025 | Units of Beneficial Ownership | 10,000 | $12.50 | By SoftVest, LP | F1 |
| transaction | PBT | Short Put Option (Obligation to buy) | Sale | $76.5 | -51 | -0.29% | $1.50 | 17,600 | 05 Jun 2025 | Units of Beneficial Ownership | 5,100 | $12.50 | By SoftVest, LP | F1, F18 |
| transaction | PBT | Short Put Option (Obligation to buy) | Sale | $26 | -20 | -0.1% | $1.30 | 19,600 | 06 Jun 2025 | Units of Beneficial Ownership | 2,000 | $12.50 | By SoftVest, LP | F1 |
| transaction | PBT | Short Put Option (Obligation to buy) | Sale | $204 | -200 | -0.5% | $1.02 | 39,600 | 11 Jun 2025 | Units of Beneficial Ownership | 20,000 | $12.50 | By SoftVest, LP | F1, F19 |
| transaction | PBT | Short Put Option (Obligation to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | -10 | -0.03% | $0.000000 | 38,600 | 11 Jun 2025 | Units of Beneficial Ownership | 1,000 | $12.50 | By SoftVest, LP | F1, F3 |
| transaction | PBT | Short Put Option (Obligation to buy) | Sale | $52.5 | -50 | -0.11% | $1.05 | 43,600 | 12 Jun 2025 | Units of Beneficial Ownership | 5,000 | $12.50 | By SoftVest, LP | F1 |
| transaction | PBT | Short Put Option (Obligation to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | -20 | -0.09% | $0.000000 | 23,300 | 12 Jun 2025 | Units of Beneficial Ownership | 20,300 | $12.50 | By SoftVest, LP | F1, F4 |
| transaction | PBT | Short Put Option (Obligation to buy) | Exercise of in-the-money or at-the-money derivative security | $0 | -23 | -100% | $0.000000 | 0 | 20 Jun 2025 | Units of Beneficial Ownership | 23,300 | $12.50 | By SoftVest, LP | F1, F5 |
| transaction | PBT | Short Put Option (Obligation to buy) | Expiration of short derivative position | $0 | -2,711 | -100% | $0.000000 | 0 | 20 Jun 2025 | Units of Beneficial Ownership | 271,100 | $10.00 | By SoftVest, LP | F1, F20 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | Represents shares of securities owned by Debeck LLC and Debeck Properties LP, which Mr. Oliver controls. Mr. Oliver has sole voting and dispositive power with respect to such securities, but Mr. Oliver disclaims any beneficial ownership with respect to such securities except to the extent of his pecuniary therein. |
| F3 | 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. |
| F4 | 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. |
| F5 | 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. |
| F6 | 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. |
| F7 | 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. |
| F8 | 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. |
| F9 | 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. |
| F10 | 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. |
| F11 | 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. |
| F12 | 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. |
| F13 | 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. |
| F14 | 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. |
| F15 | 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. |
| F16 | 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. |
| F17 | 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. |
| F18 | 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. |
| F19 | 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. |
| F20 | 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"). |