Form 4: Horizon Kinetics Asset Management LLC Reports Share Purchase in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, reported purchasing 1 share of common stock on January 17, 2025.

Summary

• Horizon Kinetics Asset Management LLC (HKAM), a 10% owner of Texas Pacific Land Corp, filed a Form 4 indicating a purchase of 1 share of common stock.
• The transaction occurred on January 17, 2025, at a price of $1,399.62 per share.
• Following the transaction, HKAM's total direct ownership is 1,167,969 shares.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which noted HKAM's beneficial ownership of 3,578,173 shares, Murray Stahl's direct interest in 7,848 shares, and his indirect interest in approximately 156,083 shares.
• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any significant 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 and is typical for companies with publicly traded stock.

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 transaction is small in volume, suggesting it is not a major shift in ownership strategy.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small volume of shares purchased.

Key Dates

Keywords

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