Form 4: Horizon Kinetics Asset Management LLC Reports Changes in Texas Pacific Land Corp Holdings

Horizon Kinetics Asset Management LLC reports a change in beneficial ownership of Texas Pacific Land Corp shares, including a transfer of shares and a distribution to beneficial owners.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) reported changes in its beneficial ownership of Texas Pacific Land Corp (TPL) shares.
• On January 6, 2025, HKAM acquired 1 share of common stock at a price of $1,224.12.
• Also on January 6, 2025, 27 shares were distributed to beneficial owners without consideration.
• Following these transactions, HKAM's direct ownership stands at 1,168,023 shares.
• The total number of shares beneficially owned by HKAM remains unchanged after a transfer of 1,117 shares on January 3, 2025.

Sentiment

Score: 5

Explanation: The document is a routine filing of changes in beneficial ownership, with no significant positive or negative implications.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a major shareholder, which is common in the investment management industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The transactions reported are typical for investment management firms adjusting their holdings and distributing shares to beneficial owners.
• The reported share price of $1,224.12 is consistent with the trading price of Texas Pacific Land Corp at the time of the transaction.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as the total number of shares beneficially owned by HKAM remains unchanged.

Key Dates

Keywords

Beneficial Ownership, Texas Pacific Land Corp, Horizon Kinetics Asset Management, Share Transactions, SEC Form 4, TPL, Stock Transfer