Filing Details
- Accession Number:
- 0001104659-25-069624
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-07-22 16:16:27
- Reporting Period:
- 2025-06-04
- Filing Date:
- 2025-07-22
- Accepted Time:
- 2025-07-22 16:16:27
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 319654 | Permian Basin Royalty Trust | PBT | Oil Royalty Traders (6792) | 756280532 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1168602 | L Eric Oliver | 400 Pine Street, Suite 1010 Abeline TX 79601 | No | No | Yes | No | |
| 1406386 | Softvest, Lp | 400 Pine Street, Suite 1010 Abeline TX 79601 | No | No | Yes | No | |
| 1803391 | Softvest Advisors, Llc | 400 Pine Street, Suite 1010 Abeline TX 79601 | No | No | Yes | No | |
| 2077837 | Softvest Gp I, Llc | 400 Pine Street, Suite 1010 Abeline TX 79601 | No | No | Yes | No |
Transaction Summary
| Purchased: | 112,507 shares | Avg. Price: $12.07 | Total Value: $1,358,195.55 |
| Number of Shares After Transactions: | 6,217,107 shares | ||
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Units Of Beneficial Ownership | Acquisiton | 2025-06-11 | 5,000 | $11.49 | 6,065,000 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-11 | 1,000 | $12.50 | 6,066,000 | No | 4 | X | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-12 | 22,000 | $11.62 | 6,088,000 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-12 | 20,300 | $12.50 | 6,108,300 | No | 4 | X | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-17 | 15,000 | $12.08 | 6,123,300 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-18 | 11,241 | $12.11 | 6,134,541 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-20 | 4,582 | $11.96 | 6,139,123 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-20 | 23,300 | $12.50 | 6,162,423 | No | 4 | X | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-23 | 20,165 | $12.12 | 6,182,588 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-24 | 7,138 | $12.10 | 6,189,726 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-25 | 4,000 | $12.05 | 6,193,726 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-26 | 2,000 | $12.31 | 6,195,726 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-27 | 6,898 | $12.51 | 6,202,624 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-06-30 | 4,000 | $12.46 | 6,206,624 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-07-01 | 2,000 | $12.40 | 6,208,624 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-07-02 | 6,483 | $12.78 | 6,215,107 | No | 4 | P | Indirect | By SoftVest, LP |
| Units Of Beneficial Ownership | Acquisiton | 2025-07-03 | 2,000 | $12.80 | 6,217,107 | No | 4 | P | Indirect | By SoftVest, LP |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | X | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | X | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | X | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
| No | 4 | P | Indirect | By SoftVest, LP |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-04 | 100 | $1.30 | 10,000 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-05 | 51 | $1.50 | 5,100 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-06 | 20 | $1.30 | 2,000 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-11 | 200 | $1.02 | 20,000 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-11 | 10 | $0.00 | 1,000 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-12 | 50 | $1.05 | 5,000 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-12 | 20 | $0.00 | 20,300 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-20 | 23 | $0.00 | 23,300 | $12.50 |
| Units Of Beneficial Ownership | Short Put Option (Obligation to buy) | Disposition | 2025-06-20 | 2,711 | $0.00 | 271,100 | $10.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,500 | 2025-06-04 | 2025-06-20 | No | 4 | S | Indirect |
| 17,600 | 2025-06-05 | 2025-06-20 | No | 4 | S | Indirect |
| 19,600 | 2025-06-06 | 2025-06-20 | No | 4 | S | Indirect |
| 39,600 | 2025-06-11 | 2025-06-20 | No | 4 | S | Indirect |
| 38,600 | 2025-06-20 | No | 4 | X | Indirect | |
| 43,600 | 2025-06-12 | 2025-06-20 | No | 4 | S | Indirect |
| 23,300 | 2025-06-20 | No | 4 | X | Indirect | |
| 0 | 2025-06-20 | No | 4 | X | Indirect | |
| 0 | 2025-06-20 | No | 4 | E | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Units Of Beneficial Ownership | 4,500 | Indirect | By Debeck LLC |
| Units Of Beneficial Ownership | 4,500 | Indirect | By Debeck Properties |
Footnotes
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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").
Billionaire Hedge Funds
