OLIVER ERIC L purchased 1.8% of their position (112.51K shares) of PERMIAN BASIN ROYALTY TRUST on the open market

Open‑market purchase worth $1.36M — a small addition. The strongest form of insider conviction signal.

P · 14 purchases

OLIVER ERIC L

Filed: 7/22/2025ACC: 0001104659-25-069624

InsiderOLIVER ERIC LCIK 1168602

→

IssuerPERMIAN BASIN ROYALTY TRUSTCIK 319654

10% Owner

Since Jun 2025

+153.92K

Net shares

Net buyer

$1.92M

Total acquired

Open market trades

14B · 0S

Total transactions

157.11K acquired · 3.19K disposed

Non-Derivative Transactions17

Units of Beneficial Ownership

Indirect

P · Purchase

+5K

Price / share

$11.49

Trade value

$57.45K

% of position

0.1%

6/11/2025

6.06M→6.07M

Units of Beneficial Ownership

Indirect

X · X

+1K

Price / share

$12.50

Trade value

$12.50K

% of position

0.0%

6/11/2025

6.07M→6.07M

Units of Beneficial Ownership

Indirect

P · Purchase

+22K

Price / share

$11.62

Trade value

$255.64K

% of position

0.4%

6/12/2025

6.07M→6.09M

Units of Beneficial Ownership

Indirect

X · X

+20.30K

Price / share

$12.50

Trade value

$253.75K

% of position

0.3%

6/12/2025

6.09M→6.11M

Units of Beneficial Ownership

Indirect

P · Purchase

+15K

Price / share

$12.08

Trade value

$181.20K

% of position

0.2%

6/17/2025

6.11M→6.12M

Units of Beneficial Ownership

Indirect

P · Purchase

+11.24K

Price / share

$12.11

Trade value

$136.13K

% of position

0.2%

6/18/2025

6.12M→6.13M

Units of Beneficial Ownership

Indirect

P · Purchase

+4.58K

Price / share

$11.96

Trade value

$54.80K

% of position

0.1%

6/20/2025

6.13M→6.14M

Units of Beneficial Ownership

Indirect

X · X

+23.30K

Price / share

$12.50

Trade value

$291.25K

% of position

0.4%

6/20/2025

6.14M→6.16M

Units of Beneficial Ownership

Indirect

P · Purchase

+20.16K

Price / share

$12.12

Trade value

$244.40K

% of position

0.3%

6/23/2025

6.16M→6.18M

Units of Beneficial Ownership

Indirect

P · Purchase

+7.14K

Price / share

$12.10

Trade value

$86.37K

% of position

0.1%

6/24/2025

6.18M→6.19M

Units of Beneficial Ownership

Indirect

P · Purchase

+4K

Price / share

$12.05

Trade value

$48.20K

% of position

0.1%

6/25/2025

6.19M→6.19M

Units of Beneficial Ownership

Indirect

P · Purchase

+2K

Price / share

$12.31

Trade value

$24.62K

% of position

0.0%

6/26/2025

6.19M→6.20M

Units of Beneficial Ownership

Indirect

P · Purchase

+6.90K

Price / share

$12.51

Trade value

$86.29K

% of position

0.1%

6/27/2025

6.20M→6.20M

Units of Beneficial Ownership

Indirect

P · Purchase

+4K

Price / share

$12.46

Trade value

$49.84K

% of position

0.1%

6/30/2025

6.20M→6.21M

Units of Beneficial Ownership

Indirect

P · Purchase

+2K

Price / share

$12.40

Trade value

$24.80K

% of position

0.0%

7/1/2025

6.21M→6.21M

Units of Beneficial Ownership

Indirect

P · Purchase

+6.48K

Price / share

$12.78

Trade value

$82.85K

% of position

0.1%

7/2/2025

6.21M→6.22M

Units of Beneficial Ownership

Indirect

P · Purchase

+2K

Price / share

$12.80

Trade value

$25.60K

% of position

0.0%

7/3/2025

6.22M→6.22M

Total

Net shares

+157.11K

Net value

$1.92M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Units of Beneficial Ownership Indirect	6/11/2025	P · Purchase	+5K	$11.49	$57.45K	0.1%	6.06M	6.07M
Units of Beneficial Ownership Indirect	6/11/2025	X · X	+1K	$12.50	$12.50K	0.0%	6.07M	6.07M
Units of Beneficial Ownership Indirect	6/12/2025	P · Purchase	+22K	$11.62	$255.64K	0.4%	6.07M	6.09M
Units of Beneficial Ownership Indirect	6/12/2025	X · X	+20.30K	$12.50	$253.75K	0.3%	6.09M	6.11M
Units of Beneficial Ownership Indirect	6/17/2025	P · Purchase	+15K	$12.08	$181.20K	0.2%	6.11M	6.12M
Units of Beneficial Ownership Indirect	6/18/2025	P · Purchase	+11.24K	$12.11	$136.13K	0.2%	6.12M	6.13M
Units of Beneficial Ownership Indirect	6/20/2025	P · Purchase	+4.58K	$11.96	$54.80K	0.1%	6.13M	6.14M
Units of Beneficial Ownership Indirect	6/20/2025	X · X	+23.30K	$12.50	$291.25K	0.4%	6.14M	6.16M
Units of Beneficial Ownership Indirect	6/23/2025	P · Purchase	+20.16K	$12.12	$244.40K	0.3%	6.16M	6.18M
Units of Beneficial Ownership Indirect	6/24/2025	P · Purchase	+7.14K	$12.10	$86.37K	0.1%	6.18M	6.19M
Units of Beneficial Ownership Indirect	6/25/2025	P · Purchase	+4K	$12.05	$48.20K	0.1%	6.19M	6.19M
Units of Beneficial Ownership Indirect	6/26/2025	P · Purchase	+2K	$12.31	$24.62K	0.0%	6.19M	6.20M
Units of Beneficial Ownership Indirect	6/27/2025	P · Purchase	+6.90K	$12.51	$86.29K	0.1%	6.20M	6.20M
Units of Beneficial Ownership Indirect	6/30/2025	P · Purchase	+4K	$12.46	$49.84K	0.1%	6.20M	6.21M
Units of Beneficial Ownership Indirect	7/1/2025	P · Purchase	+2K	$12.40	$24.80K	0.0%	6.21M	6.21M
Units of Beneficial Ownership Indirect	7/2/2025	P · Purchase	+6.48K	$12.78	$82.85K	0.1%	6.21M	6.22M
Units of Beneficial Ownership Indirect	7/3/2025	P · Purchase	+2K	$12.80	$25.60K	0.0%	6.22M	6.22M
Total			+157.11K		$1.92M

Derivative Transactions9

Short Put Option (Obligation to buy)

Indirect

S · Sale

Converts to

Units of Beneficial Ownership

10K shares

−100.00

Strike price

12.5

Held after

12.50K

Exercisable

—

6/4/2025

Short Put Option (Obligation to buy)

Indirect

S · Sale

Converts to

Units of Beneficial Ownership

5.10K shares

−51.00

Strike price

12.5

Held after

17.60K

Exercisable

—

6/5/2025

Short Put Option (Obligation to buy)

Indirect

S · Sale

Converts to

Units of Beneficial Ownership

2K shares

−20.00

Strike price

12.5

Held after

19.60K

Exercisable

—

6/6/2025

Short Put Option (Obligation to buy)

Indirect

S · Sale

Converts to

Units of Beneficial Ownership

20K shares

−200.00

Strike price

12.5

Held after

39.60K

Exercisable

—

6/11/2025

Short Put Option (Obligation to buy)

Indirect

X · X

Converts to

Units of Beneficial Ownership

1K shares

−10.00

Strike price

12.5

Held after

38.60K

Exercisable

—

6/11/2025

Short Put Option (Obligation to buy)

Indirect

S · Sale

Converts to

Units of Beneficial Ownership

5K shares

−50.00

Strike price

12.5

Held after

43.60K

Exercisable

—

6/12/2025

Short Put Option (Obligation to buy)

Indirect

X · X

Converts to

Units of Beneficial Ownership

20.30K shares

−20.30

Strike price

12.5

Held after

23.30K

Exercisable

—

6/12/2025

Short Put Option (Obligation to buy)

Indirect

X · X

Converts to

Units of Beneficial Ownership

23.30K shares

−23.30

Strike price

12.5

Held after

0.00

Exercisable

—

6/20/2025

Short Put Option (Obligation to buy)

Indirect

E · E

Converts to

Units of Beneficial Ownership

271.10K shares

−2.71K

Strike price

Held after

0.00

Exercisable

—

6/20/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership10K shares	6/4/2025	S · Sale	−100.00	12.5	—	12.50K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership5.10K shares	6/5/2025	S · Sale	−51.00	12.5	—	17.60K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership2K shares	6/6/2025	S · Sale	−20.00	12.5	—	19.60K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership20K shares	6/11/2025	S · Sale	−200.00	12.5	—	39.60K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership1K shares	6/11/2025	X · X	−10.00	12.5	—	38.60K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership5K shares	6/12/2025	S · Sale	−50.00	12.5	—	43.60K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership20.30K shares	6/12/2025	X · X	−20.30	12.5	—	23.30K
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership23.30K shares	6/20/2025	X · X	−23.30	12.5	—	0.00
Short Put Option (Obligation to buy) Indirect	Units of Beneficial Ownership271.10K shares	6/20/2025	E · E	−2.71K	10	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Units of Beneficial Ownership

Indirect

Shares owned4.50K

Units of Beneficial Ownership

Indirect

Shares owned4.50K

Total

9K indirect9K

Security Title	Shares Owned	Ownership Type
Units of Beneficial Ownership	4.50K	Indirect
Units of Beneficial Ownership	4.50K	Indirect
Total	9K	9K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported