Filing Details

Accession Number:
0001104659-25-030550
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-04-01 16:10:35
Reporting Period:
2025-03-31
Filing Date:
2025-04-01
Accepted Time:
2025-04-01 16:10:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1724009 Permrock Royalty Trust PRT () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1719890 Boaz Energy Ii, Llc 3300 N. A Street Bldg. 7 #150
Midland TX 79705
No No Yes No
1844114 E Karan Eves 3300 N. A. Street
Building 7
Midland TX 79705
No No Yes No
1844137 J Marshall Eves 3300 N. A. Street
Building 7
Midland TX 79705
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Trust Units Representing Beneficial Interest Disposition 2025-03-31 4,884,861 $0.00 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Trust Units Representing Beneficial Interest 4,400 Indirect See Footnote
Trust Units Representing Beneficial Interest 4,400 Indirect See Footnote
Footnotes
  1. On March 31, 2025, the Trust Units representing Beneficial Interests (the "Trust Units") in the Issuer were sold in a private sale (the "Sale") pursuant to the Purchase and Sale Agreement, dated January 10, 2025 (the "Purchase and Sale Agreement"), by and among Boaz Energy II, LLC ("Boaz Energy"), Boaz Energy II Royalty, LLC, a wholly-owned subsidiary of Boaz Energy ("Boaz Royalty" and, together with Boaz Energy, the "Seller"), and T2S Permian Acquisition II LLC (the "Buyer").
  2. Pursuant to the Purchase and Sale Agreement, the Seller sold the Trust Units to the Buyer, as well as certain other oil and gas properties held by the Seller. The allocated value of the Trust Units sold to the Buyer was approximately $2.48 per Trust Unit.
  3. This form is filed jointly by each of the reporting persons. Prior to the Sale, Boaz Energy directly owned 4,888,061 Trust Units. Karan Eves and Marshall Eves are husband and wife. Each of Karan Eves and Marshall Eves directly owns 4,400 Trust Units and 38.94% of the limited liability company interests in, and serves as a manager of, Boaz Energy, and may have been deemed to indirectly beneficially own the Trust Units held directly by Boaz Energy at the time of the Sale.