SC 13G/A: PERMIAN BASIN ROYALTY TRUST

AI Summary

SC 13G/A filing by PERMIAN BASIN ROYALTY TRUST.

Risk Assessment

Risk Level: low

Filing Documents

• pbrt-sc13ga_021424.htm (SC 13G/A) — 107KB
• ex1.htm (EX-1) — 10KB
• 0001999371-24-002241.txt ( ) — 118KB

From the Filing

SC 13G/A 1 pbrt-sc13ga_021424.htm AMENDMENT TO FORM SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A (Amendment No. 2)* Under the Securities Exchange Act of 1934 Permian Basin Royalty Trust (Name of Issuer) Units of Beneficial Interest (Titles of Class of Securities) 714236106 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out of a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). 1 CUSIP No. 714236106 13G/A Page 2 of 9 1 NAME OF REPORTING PERSON SoftVest Advisors, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 4,148,195 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 4,148,195 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,148,195 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% (1) 12 TYPE OF REPORTING PERSON IA (1) Based on 46,608,796 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as of September 30, 2023, based on the Issuer’s Form 10-Q filed with the SEC on November 8, 2023. SoftVest Advisors, LLC acquired beneficial interest in the units in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of changing or influencing the control of the Issuer. 2 CUSIP No. 714236106 13G/A Page 3 of 9 1 NAME OF REPORTING PERSON SoftVest GP I, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 4,148,195 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 4,148,195 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,148,195 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% (2) 12 TYPE OF REPORTING PERSON OO (2) Based on 46,608,796 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as of September 30, 2023, based on the Issuer’s Form 10-Q filed with the SEC on November 8, 2023. SoftVest GP I, LLC is the general partner of, and may be deemed to beneficially own securities owned by, SoftVest, LP. 3 CUSIP No. 714236106 13G/A Page 4 of 9 1 NAME OF REPORTING PERSON SoftVest, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER - 0 - 6 SHARED VOTING POWER 4,148,195 7 SOLE DISPOSITIVE POWER - 0 - 8 SHARED DISPOSITIVE POWER 4,148,195 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,148,195 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% (3) 12 TYPE OF REPORTING PERSON PN (3) Based on 46,608,796 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as of September 30, 2023, based on the Issuer’s Form 10-Q filed with the SEC on November 8, 2023. 4 CUSIP No. 714236106 13G/A Page 5 of 9 Item 1(a). Name of Issuer: Permian Basin Royalty Trust(the “ Issuer ”) Item 1(b). Address of Issuer’s Principal Executive Offices: 3838 Oak Lawn Ave Suite 1720 Dallas, TX 75219 Item 2(a). Name of Persons Filing: This Schedule 13G is being filed by (i) SoftVest Advisors, LLC, a Delaware Limited Liability Company and a registered investment adviser (“ SoftVest ”), (ii) SoftVest, LP , a Delaware Limited Partnership (“ SoftVest, LP ”), and (iii) SoftVest GP I, LLC, a Delaware Limited Liability Company (“ SoftVest GP I, LLC,” ) (

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