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 20, 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 20, 2024, at a price of $1,426.83 per share.
• Following this transaction, HKAM's direct ownership of TPL shares is 1,138,466.
• The 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 neutral disclosure of a transaction, with no indication of positive or negative sentiment.

Management Comments

• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder in a publicly traded company. Such filings are common and provide transparency into the ownership structure of the company.

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 transaction is relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it represents a small change in ownership.

Key Dates

Keywords

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