Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC reports the purchase of 3 shares of Texas Pacific Land Corp (TPL) at $733.22 per share on July 1, 2024.
Summary
- On July 1, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The purchase price was $733.22 per share.
- Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,046 shares.
- 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 SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a change in ownership.
Management Comments
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a change in beneficial ownership for Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant 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. |
| 07/01/2024 | Date of the transaction: Horizon Kinetics Asset Management LLC purchased 3 shares of TPL common stock. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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