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

Horizon Kinetics Asset Management LLC reported a purchase of 1 share of Texas Pacific Land Corp common stock on January 7, 2025.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 1 share of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on January 7, 2025, at a price of $1,252.93 per share.
• Following this transaction, HKAM directly owns 1,168,024 shares of TPL.
• This filing also references a previous Schedule 13D amendment from December 18, 2024, where HKAM reported beneficial ownership of 3,578,173 shares, and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any significant positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder and is typical for publicly traded companies.

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

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small size of the purchase.

Key Dates

Keywords

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