Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)

Horizon Kinetics Asset Management LLC reports the purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock at $591.76 per share on June 5, 2024.

Summary

• On June 5, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $591.76 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,040 shares of TPL.
• Murray Stahl has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
• Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D on February 28, 2024, noting beneficial ownership of 1,271,975 shares.

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.

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 shares. 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