Eric L. Oliver - 19 Dec 2025 Form 4 Insider Report for PERMIAN BASIN ROYALTY TRUST (PBT)

Reporting relationship: 10%+ Owner
Issuer ticker: PBT
Reported as of: 19 Dec 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 22 Dec 2025, 20:29:52 UTC
Prior SEC filing: 22 Sep 2025
Next SEC filing: 27 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Eric Lee Oliver

Key filing fact

Eric L. Oliver filed Form 4 for PERMIAN BASIN ROYALTY TRUST (PBT) on 22 Dec 2025.

Key facts

This page summarizes Eric L. Oliver's Form 4 filing for PERMIAN BASIN ROYALTY TRUST (PBT).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 22 Dec 2025, 20:29.

Change

Previous filing in this sequence was filed on 22 Sep 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (4)

CIK 0001168602 Primary reporting owner

OLIVER ERIC L

Relationship: 10%+ Owner
Address: 400 PINE STREET, SUITE 1010, ABELINE
Signature: /s/ Eric Lee Oliver
Signature date: 22 Dec 2025

CIK 0001803391

SoftVest Advisors, LLC

Relationship: 10%+ Owner
Address: 400 PINE STREET, SUITE 1010, ABELINE
Signature: SoftVest Advisors, LLC By: /s/ Eric Lee Oliver, Managing Member
Signature date: 22 Dec 2025

CIK 0001406386

SoftVest, LP

Relationship: 10%+ Owner
Address: 400 PINE STREET, SUITE 1010, ABELINE
Signature: SoftVest, LP By: SoftVest GP I, LLC, its general partner By: /s/ Eric Lee Oliver, Managing Member
Signature date: 22 Dec 2025

CIK 0002077837

SoftVest GP I, LLC

Relationship: 10%+ Owner
Address: 400 PINE STREET, SUITE 1010, ABELINE
Signature: SoftVest GP I, LLC By: /s/ Eric Lee Oliver, Managing Member
Signature date: 22 Dec 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PBT transaction Derivative

Short Put Option (Obligation to buy)

Expiration of short derivative position

Transaction value: $0
Shares: -3,965
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 19 Dec 2025
Ownership: By SoftVest, LP
Underlying class: Units of Beneficial Ownership
Underlying amount: 396,500
Exercise price: $12.50
Footnotes: F1, F2

PBT transaction Derivative

Short Put Option (Obligation to buy)

Expiration of short derivative position

Transaction value: $0
Shares: -1
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 19 Dec 2025
Ownership: By SoftVest, LP
Underlying class: Units of Beneficial Ownership
Underlying amount: 100
Exercise price: $15.00
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

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.

Footnote F2

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.