Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, reports purchasing 3 shares of common stock at $604.85 per share.
Summary
- On May 16, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The purchase price was $604.85 per share.
- Following the transaction, HKAM directly owns 1,085,001 shares of TPL.
- Murray Stahl has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
- HKAM's pecuniary interest in the shares beneficially owned is disclosed in the filing.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.
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 interests. |
| 05/16/2024 | Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock at $604.85 per share. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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