Form 4: Horizon Kinetics CEO Murray Stahl Reports Share Transactions and Beneficial Ownership

Horizon Kinetics CEO Murray Stahl reported the acquisition of 14 shares of common stock and detailed his beneficial ownership, including shares held directly and indirectly through various entities.

Summary

• Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 26, 2024, Mr. Stahl acquired 14 shares of common stock at a price of $39 per share.
• He directly owns 248,682 shares and indirectly owns 8,216,485 shares through Horizon Common Inc., his spouse, FRMO Corp., Kinetics Institutional Partners LP, Kinetics Partners LP, and Horizon Kinetics Asset Management LLC.
• Many of the shares reported were received on August 1, 2024, in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc (HKHC).
• A significant portion of these shares are not available for trading.
• Mr. Stahl disclaims beneficial ownership over a large portion of the indirectly held shares, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, not indicative of any positive or negative sentiment. It simply reports transactions and ownership.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their trading activities and ownership stakes. This filing is specific to Horizon Kinetics and its CEO.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.
• The reporting of both direct and indirect ownership, including shares held through various entities, is typical for executives with complex investment structures.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of the company's stock by its CEO.
• The information is relevant to investors who track insider transactions as part of their investment analysis.

Key Dates

Keywords

Beneficial Ownership, Form 4, Share Transactions, Horizon Kinetics, Murray Stahl, HKHC, Merger, Stock Acquisition