OLIVER ERIC L enters PERMIAN BASIN ROYALTY TRUST with 6.07M shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Indirect Derivatives

OLIVER ERIC L

Filed: 7/22/2025ACC: 0001104659-25-069621

InsiderOLIVER ERIC LCIK 1168602

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IssuerPERMIAN BASIN ROYALTY TRUSTCIK 319654

10% Owner

Since Jun 2025

6.07M

Baseline shares

0.00

Direct ownership

0 positions

1.53M

Derivative underlying

6 instruments

Security positions

6.07M indirect

Non-Derivative Holdings3

Units of Beneficial Ownership

Indirect

Shares owned4.50K

Units of Beneficial Ownership

Indirect

Shares owned4.50K

Units of Beneficial Ownership

Indirect

Shares owned6.06M

Total

6.07M indirect6.07M

Security Title	Shares Owned	Ownership Type
Units of Beneficial Ownership	4.50K	Indirect
Units of Beneficial Ownership	4.50K	Indirect
Units of Beneficial Ownership	6.06M	Indirect
Total	6.07M	6.07M indirect

Derivative Holdings6

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

271.10K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

100.00

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

772.30K

Shares owned

N/A

Exercise price

Expiration

—

Exercise window

—

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

86.40K

Shares owned

N/A

Exercise price

7.5

Expiration

—

Exercise window

—

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

396.50K

Shares owned

N/A

Exercise price

12.5

Expiration

—

Exercise window

—

Short Put Option (obligation to buy)

Indirect

Underlying security

Units of Beneficial Ownership

Underlying shares

2.50K

Shares owned

N/A

Exercise price

12.5

Expiration

—

Exercise window

—

Total

Underlying

1.53M

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	10	—	—	271.10K	N/A
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	15	—	—	100.00	N/A
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	10	—	—	772.30K	N/A
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	7.5	—	—	86.40K	N/A
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	12.5	—	—	396.50K	N/A
Short Put Option (obligation to buy) Indirect	Units of Beneficial Ownership	12.5	—	—	2.50K	N/A
Total					1.53M	0.00