4/A: Horizon Kinetics Asset Management LLC Amends Filing on Texas Pacific Land Corp (TPL) Ownership

Horizon Kinetics Asset Management LLC amended its filing regarding beneficial ownership of Texas Pacific Land Corp shares, reflecting a recent transaction and adjustments related to a merger.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its SEC Form 4 regarding its beneficial ownership of Texas Pacific Land Corp (TPL) shares.
• The amendment, filed on February 28, 2025, relates to a transaction that occurred on August 2, 2024.
• On August 2, 2024, HKAM acquired 3 shares of Common Stock at a price of $786.01 per share.
• Following the reported transaction, HKAM beneficially owns 1,085,398 shares of TPL.
• The filing also notes an increase of 300 shares contributed to HKAM as part of the merger with Scott's Liquid Gold Inc.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares, but he does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a regulatory filing detailing changes in ownership, with no explicit positive or negative implications.

Positives

• The increased shareholding could be interpreted as a sign of confidence in Texas Pacific Land Corp's future prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Texas Pacific Land Corp.

Key Dates