Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC reports purchasing 1 share of Texas Pacific Land Corp (TPL) common stock at $785.38 on July 11, 2024, and beneficially owning 1,085,050 shares.
Summary
- On July 11, 2024, Horizon Kinetics Asset Management LLC purchased 1 share of Texas Pacific Land Corp (TPL) common stock.
- The purchase price was $785.38 per share.
- Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,050 shares of TPL.
- The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Positives
- The purchase indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.
Management Comments
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for individuals or entities considered insiders, such as officers, directors, and 10% owners, to report transactions in their company's stock.
- These filings are publicly available and allow investors to track insider activity, which can provide insights into management's perspective on the company's prospects.
- Comparable companies and projects would involve similar filings by other large shareholders or insiders in publicly traded companies, particularly in the land and resource management sectors.
Stakeholder Impact
- The transaction provides information to shareholders regarding the investment activity of a major shareholder.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interest in shares. |
| 07/11/2024 | Date of the transaction: purchase of 1 share of Texas Pacific Land Corp common stock. |
| 07/12/2024 | Date of signature for the report. |
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