SCHEDULE 13D 0001616134 XXXXXXXX LIVE Units of Beneficial Interest 12/08/2025 false 0001538822 694103102 Pacific Coast Oil Trust

601 TRAVIS STREET, FLOOR 16 HOUSTON TX 77002

Tim Eriksen 1-360-354-3331 Eriksen Capital Management LLC 8695 Glendale Rd Custer WA 98240 0001655491 N SHIPYARD CAPITAL LP a WC N X1 3212503.00 0.00 3212503.00 0.00 3212503.00 N 8.33 PN Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019. 0001885935 N SHIPYARD CAPITAL MANAGEMENT LLC a WC N X1 3212503.00 0.00 3212503.00 0.00 3212503.00 N 8.33 IA Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019. 0001041718 N CEDAR CREEK PARTNERS LLC a WC N X1 3261799.00 0.00 3261799.00 0.00 3261799.00 N 8.5 PN Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019 0001616134 N ERIKSEN CAPITAL MANAGEMENT LLC a WC N X1 3321799.00 1210447.00 4532246.00 0.00 4532246.00 N 11.7 IA Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019. 0001650715 N Tim Eriksen a WC N X1 20000.00 0.00 20000.00 0.00 20000.00 N 0.05 IN Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019. Y Eriksen Family LLC a WC N X1 40000.00 0.00 40000.00 0.00 40000.00 N 0.10 PN Percentage calculated based on 38,583,158 units outstanding as of August 1, 2019, as reported in the 10-Q of Pacific Coast Oil Trust, filed with the Securities and Exchange Commission on August 1, 2019. Units of Beneficial Interest Pacific Coast Oil Trust 601 TRAVIS STREET, FLOOR 16 HOUSTON TX 77002 Shipyard Capital Management LLC ("Shipyard"), Cedar Creek Partners LLC ("CCP"), Eriksen Capital Management LLC ("ECM"), Eriksen Family LLC and Tim Eriksen ("Mr. Eriksen"). The principal business address of Shipyard is 1477 Ashford Avenue, #2006, San Juan, PR 00907. The principal business address of CCP, ECM, Eriksen Family LLC and Mr. Eriksen is 8695 Glendale Road, Custer, WA 98240. The principal business of Shipyard is acquiring, holding and disposing of investments in various companies. The principal business of CCP and Eriksen Family LLC is acquiring, holding and disposing of investments in various companies. The principal business of Eriksen Capital Management and Mr. Eriksen is investment advisory services. No Reporting Person described herein has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). None of the Reporting Parties described herein has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. Mr. Mitchell is a citizen of the United States. Shipyard is a Delaware limited liability company. Mr. Eriksen is a citizen of the United States. CCP, ECM and Eriksen Family LLC are Washington limited liability companies. The units were acquired in open market purchases with working capital of Shipyard, CCP, ECM managed accounts, Mr. Eriksen and Eriksen Family LLC, respectively. The amount of funds expended, excluding commissions, to acquire units held were: Shipyard - $469,225; CCP - $1,032,605; ECM managed accounts - $314,262; Mr. Eriksen - $6,400; and Eriksen Family LLC - $12,800. The Reporting Persons acquired shares of Pacific Coast for investment purposes. Shipyard, CCP, ECM, Mr. Eriksen, and Eriksen Family LLC believe that the trustee is not properly representing unitholders. The trustee has refused to file suit against Pacific Coast Energy Company LP ("PCEC"), the operator of Pacific Coast Oil Trust, for what we believe are illegal and improper assessments against the trust, preventing the trust from making distributions and potentially forcing dissolution and liquidation, which we believe would harm unitholders. In addition, the Trustee has not required escrow of the assessed asset retirement obligations which we believe could subject them to potential appropriation by the owners of PCEC or be subject to any claims against PCEC. Further, we believe the Trustee is incorrectly allowing PCEC to charge accretion to the Trust for the full amount of the asset retirement obligation, not the reported remaining balance. While we continue to believe the assessment was improper, we believe that the assessed funds, along with interest, should be returned to the Trust (unitholders) should the trust be liquidated and sold since asset retirement obligations transfer to any new buyer. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the units at times, and in such manner, as they deem advisable to benefit from, among other things, (1) changes in the market prices of the units; (2) changes in the Issuer's operations, business strategy or prospects; or (3) from the sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons will closely monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as other economic, securities markets, and investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with the trustee of the Issuer (the "Trustee"), other unitholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit, and other investors. Such evaluations and discussions may materially affect, and result in, among other things, the Reporting Persons (1) modifying their ownership of the units; (2) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements; (3) proposing changes in the Issuer's operations, governance or capitalization; (4) proposing changes of the trust's trustee or bylaws; or (5) pursuing one or more of the other actions described in subsections (a) through (j) of Item 4 of Schedule 13D. In addition to the information disclosed in this Statement, the Reporting Persons reserve the right to (1) formulate other plans and proposals; (2) take any actions with respect to their investment in the Issuer, including any or all of the actions set forth in subsections (a) through (j) of Item 4 of Schedule 13D; and (3) acquire additional units or dispose of some or all of the units beneficially owned by them, in each case in the open market, through privately negotiated transactions or otherwise. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing. Since the filing of the 11th Amended 13D on August 04, 2025, we are not aware of any material events. The following sets forth the aggregate number and percentage (based on 38,583,158 units outstanding on August 1, 2019, as reported in the 10-Q of the Issuer filed with the Securities and Exchange Commission on August 1, 2019) of outstanding units owned beneficially by the Reporting Persons. Shipyard Capital Management LLC ("Shipyard") | 3,212,503 | 8.3% Cedar Creek Partners LLC ("CCP") | 3,261,799 | 8.5% Eriksen Capital Management LLC ("ECM") | 1,210,447 | 2.3% Eriksen Family LLC | 40,000 | 0.1% Tim Eriksen ("Mr. Eriksen") | 20,000 | 0.1% Total | 7,744,749 | 20.1% Shipyard Capital Management LLC ("Shipyard") | 3,212,503 | sole power Cedar Creek Partners LLC ("CCP") | 3,261,799 | sole power Eriksen Capital Management LLC ("ECM") | 1,210,447 | sole power Eriksen Family LLC | 40,000 | sole power Tim Eriksen ("Mr. Eriksen") | 20,000 | sole power . Date Shares Buy/Sell Price ECM managed account 10/17/2025 16,119 Buy 0.20 ECM managed account 10/20/2025 6,902 Buy 0.20 ECM managed account 10/21/2025 35,043 Buy 0.20 ECM managed account 10/22/2025 39 Buy 0.20 ECM managed account 10/23/2025 89 Buy 0.18 ECM managed account 10/24/2025 14,765 Buy 0.20 ECM managed account 10/27/2025 8,451 Buy 0.18 ECM managed account 10/28/2025 4,462 Buy 0.18 ECM managed account 10/29/2025 5,511 Buy 0.18 ECM managed account 10/30/2025 7,300 Buy 0.20 ECM managed account 10/31/2025 4,103 Buy 0.18 ECM managed account 11/4/2025 11,000 Buy 0.19 ECM managed account 11/5/2025 14,508 Buy 0.18 ECM managed account 11/6/2025 6,000 Buy 0.18 ECM managed account 11/11/2025 102 Buy 0.18 ECM managed account 11/13/2025 2,001 Buy 0.18 ECM managed account 11/14/2025 6,416 Buy 0.18 ECM managed account 11/17/2025 4,800 Buy 0.18 ECM managed account 11/18/2025 61,000 Buy 0.19 ECM managed account 11/20/2025 4,850 Buy 0.15 Cedar Creek Partners 11/25/2025 11,000 Buy 0.15 Cedar Creek Partners 12/1/2025 5,309 Buy 0.15 Cedar Creek Partners 12/2/2025 4,000 Buy 0.15 Cedar Creek Partners 12/3/2025 1,000 Buy 0.15 Cedar Creek Partners 12/4/2025 46,195 Buy 0.15 Cedar Creek Partners 12/5/2025 104,820 Buy 0.15 ECM managed account 12/5/2025 80,000 Buy 0.15 ECM managed account 12/8/2025 15,755 Buy 0.15 Not applicable Not applicable Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. SHIPYARD CAPITAL LP /s/ Carson Mitchell 12/09/2025 SHIPYARD CAPITAL MANAGEMENT LLC /s/ Carson Mitchell 12/09/2025 CEDAR CREEK PARTNERS LLC /s/ Tim Eriksen 12/09/2025 ERIKSEN CAPITAL MANAGEMENT LLC /s/ Tim Eriksen 12/09/2025 Tim Eriksen /s/ Tim Eriksen 12/09/2025 Eriksen Family LLC /s/ Tim Eriksen 12/09/2025