SCHEDULE 13D

PANHANDLE ROYALTY CO

Common Stock, par value $0.01666 per share · CUSIP: 698477106

Event date: 2025-05-08

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• WhiteHawk Income CorporationReported CIK 0001921603

  Shares: 3,817,642.00 · Class: 10.1%

• WhiteHawk Merger Sub, Inc.

  Shares: 3,817,642.00 · Class: 10.1%

• WhiteHawk Acquisition, Inc.

  Shares: 3,817,642.00 · Class: 10.1%

• WhiteHawk - Equity Holdings, LP

  Shares: 946,606.00 · Class: 2.5%

• WhiteHawk - Equity Holdings GP, LLC

  Shares: 946,606.00 · Class: 2.5%

• WhiteHawk Energy, LLC

  Shares: 946,606.00 · Class: 2.5%

• Daniel Herz

  Shares: 4,764,248.00 · Class: 12.6%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.