Eric L. Oliver, a director and 10% owner, filed an initial statement of beneficial ownership (Form 3) with the SEC on November 11, 2026, disclosing holdings in San Juan Basin Royalty Trust as of a triggering event dated November 9, 2026.

Key Highlights

  • Reporting Person: Eric L. Oliver, identified as both a Director and 10% Owner of San Juan Basin Royalty Trust (NYSE:SJT).
  • Indirect Equity Holdings: 4,590,430 Units of Beneficial Interest held indirectly by SoftVest, LP, according to the filing.
  • Call Option Disclosed: SoftVest, LP holds a call option (right to buy) covering 70,500 Units of Beneficial Interest at an exercise price of $5, exercisable on or prior to January 15, 2027.
  • Triggering Event Date: The date of event requiring the statement was November 9, 2026.
  • Ownership Structure: The filing states that SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric L. Oliver is the managing member of SoftVest GP I, LLC.
  • Disclaimer of Ownership: According to the filing, "Mr. Oliver disclaims any beneficial ownership with respect to the securities held by SoftVest, LP except to the extent of his pecuniary interest therein."

Oliver's Initial Beneficial Ownership Disclosure for San Juan Basin Royalty Trust

Eric L. Oliver, of Abilene, Texas, submitted a Form 3 initial statement of beneficial ownership on November 11, 2026, covering securities in San Juan Basin Royalty Trust (NYSE:SJT). The filing was triggered by an event dated November 9, 2026, and identifies Oliver as both a Director and a 10% Owner of the issuer. No securities are reported as directly owned by Oliver; all disclosed holdings are held indirectly through SoftVest, LP.

According to the filing, SoftVest, LP directly holds 4,590,430 Units of Beneficial Interest in the trust. Oliver's connection to these units flows through the ownership chain: SoftVest GP I, LLC serves as the general partner of SoftVest, LP, and Oliver is the managing member of SoftVest GP I, LLC. The filing states that each of SoftVest GP I, LLC and Oliver "may be deemed to beneficially own the securities beneficially owned by SoftVest, LP." All three entities - Oliver, SoftVest, LP, and SoftVest GP I, LLC - are listed as reporting persons, each identified as a Director and 10% Owner.

The filing also discloses one derivative security: a call option held indirectly by SoftVest, LP covering 70,500 Units of Beneficial Interest at an exercise price of $5 per unit. The filing states this option "is exercisable by SoftVest, LP on or prior to the expiration date" of January 15, 2027. No direct beneficial ownership is reported for Oliver in either Table I or Table II of the form.

What Was Disclosed

This Form 3 is an initial beneficial ownership statement filed by Eric L. Oliver, SoftVest, LP, and SoftVest GP I, LLC, disclosing indirect ownership of 4,590,430 Units of Beneficial Interest and a call option on 70,500 additional units at $5, exercisable through January 15, 2027, in San Juan Basin Royalty Trust.