Form 4: Horizon Kinetics Asset Management LLC Buys Additional Shares of Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp at $793.49 per share, increasing their direct holdings to 1,085,053 shares.

Summary

• On July 12, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $793.49 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC directly owns 1,085,053 shares of TPL.
• The filing also references a previous Schedule 13D amendment filed on February 28, 2024, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder, Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, potentially signaling confidence from a major shareholder.

Key Dates