Sec Form 3 Filing - Eves Karan E @ PermRock Royalty Trust - 2021-02-02

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Eves Karan E 2. Issuer Name and Ticker or Trading Symbol PermRock Royalty Trust [ PRT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3300 N. A STREET, BLDG. 7 3. Date of Earliest Transaction (MM/DD/YY) 02/02/2021 (Street) MIDLAND, TX79705 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Trust Units representing Beneficial Interests 4,400 D Trust Units representing Beneficial Interests 4,400 I Spouse Trust Units representing Beneficial Interests 5,878,332 I See Footnote ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Eves Karan E 3300 N. A STREET, BLDG. 7 MIDLAND, TX79705 X Signatures /s/ Karan Eves 02/03/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Boaz Energy II, LLC ("Boaz Energy") directly owns these Trust Units representing Beneficial Interests in the Issuer ("Trust Units"). The reporting person's ownership is indirect through Boaz Energy. On February 2, 2021, NGP X US Holdings, L.P. and NGP Boaz Energy II Co-Invest LLC entered into a Redemption and Assignment Agreement with Boaz Energy, pursuant to which Boaz Energy purchased and redeemed all of the membership interests of Boaz Energy held by NGP X US Holdings, L.P. and NGP Boaz Energy II Co-Invest LLC. As of February 2, 2021, each of Karan Eves and her spouse owned 34.24% of the limited liability company interests in, and served as a manager of, Boaz Energy, and may be deemed to indirectly beneficially own the Trust Units held directly by Boaz Energy.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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