Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares

Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock on November 29, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on November 29, 2024, at a price of $1,681.03 per share.
• Following this transaction, HKAM's direct ownership of TPL shares is 1,138,484.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, which noted HKAM's beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine filing of a share purchase, with no significant positive or negative implications. It reflects standard market activity.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder and is typical for companies with significant institutional ownership. It provides transparency into the trading activities of insiders and large investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.
• The transaction is relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.
• The filing provides transparency to the market regarding the trading activity of a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, Form 4, Beneficial Ownership, Share Purchase, SEC Filing