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

Horizon Kinetics Asset Management LLC reported the purchase of 1 share of Texas Pacific Land Corp common stock on December 31, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• The transaction involved the purchase of 1 share of common stock at a price of $1,127.97 on December 31, 2024.
• Following the transaction, HKAM's total direct ownership is 1,138,401 shares.
• This 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 transaction disclosure, with no indication of positive or negative sentiment. It is a neutral event.

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 Texas Pacific Land Corp, a company in the land and resource management sector. Such filings are common and provide transparency into the ownership changes of publicly traded companies.

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.
• The filing is consistent with SEC regulations and reporting requirements.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a small purchase by a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, Form 4, SEC filing, stock transaction