Form 4: Horizon Kinetics Holding Corp: Executive Murray Stahl Reports Beneficial Ownership Changes

Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp, reports changes in beneficial ownership of common stock, including acquisitions and indirect holdings 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 common stock.
• On May 21, 2025, Stahl acquired 7 shares of common stock at $36.75 per share, directly owning 248,753 shares.
• On May 21, 2025, Stahl acquired 2 shares of common stock at $36.75 per share, indirectly owning 8,216,535 shares through Horizon Common Inc.
• He also indirectly owns shares through his spouse (823,863 shares), FRMO Corp (6,900 shares), Kinetics Institutional Partners LP (5,810 shares), Kinetics Partners LP (951 shares), and Horizon Kinetics Asset Management LLC.
• Stahl disclaims beneficial ownership of shares held by Horizon Common Inc. and FRMO Corp. except to the extent of his pecuniary interest.
• The filing also references shares received in connection with the merger between Horizon Kinetics LLC and Scott's Liquid Gold-Inc. on August 1, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Stakeholder Impact

• The filing provides shareholders with information about insider transactions, which can influence investor sentiment.

Key Dates

Keywords

beneficial ownership, Form 4, Horizon Kinetics Holding Corp, Murray Stahl, common stock, acquisition, merger