This Amendment to Schedule 13D (as amended, this Schedule 13D)
relates to Common Units of Beneficial Interest (Common Units) of SandRidge Permian Trust, a Delaware statutory trust (the Issuer). This Schedule 13D amends the Schedule 13D previously filed with
the Securities and Exchange Commission (the Commission) on August 27, 2020, as amended by Amendment No. 2 (Amendment No. 1 for Montare) thereto filed with the Commission on August 28, 2020, Amendment
No. 3 (Amendment No. 2 for Montare) thereto filed with the Commission on September 8, 2020 and Amendment No. 4 (Amendment No. 3 for Montare) thereto filed with the Commission on September 11, 2020, by Avalon Energy and
Montare and Amendment No. 4 with respect thereto filed with the Commission on September 28, 2020 by Montare by furnishing the information set forth below. Except as otherwise specified in this Schedule 13D, all previous Items of the
Schedule 13D previously filed with the Commission are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D previously filed with the Commission.
Montare and Avalon Energy may be deemed a group for the purposes of Section 13(d)(3) of the Act as a result of the transactions
previously described in Item 4. Based on information provided by Avalon Energy, Montare believes that they and Avalon Energy together as a group may be deemed to collectively beneficially own in the aggregate 15,820,363 Common Units, or
30.1% of the Common Units as of the date of this Schedule 13D. Montare expressly disclaims beneficial ownership of any securities beneficially owned or acquired by Avalon Energy or any other holder of Common Units.
Item 3. Source and Amount of Funds or other Consideration
Item 3 is hereby amended and supplemented as follows:
Through various open market purchases between September 28, 2020 and September 30, 2020, Montare expended an aggregate of
approximately $282,842 (excluding fees and commissions) to acquire 561,870 Common Units. The funds used for the purchase of these Common Units reported in this Schedule 13D were derived from general working capital of Montare.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and supplemented as follows:
Other than as set forth in Annex A hereto, there have been no transactions in the class of reported securities that were effected by
Montare during the past sixty (60) days or since the most recent filing of Schedule 13D, whichever is less.