Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, reports purchasing shares of common stock on May 3, 2024.
Summary
- Horizon Kinetics Asset Management LLC filed a Form 4 on May 6, 2024, reporting a transaction in Texas Pacific Land Corp (TPL) common stock.
- The transaction occurred on May 3, 2024, where 3 shares were purchased at a price of $561.48.
- Following the reported transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,974 shares of TPL.
- The filing indicates that Horizon Kinetics Asset Management LLC is a 10% owner of Texas Pacific Land Corp.
- Murray Stahl's direct interest is in 2,474 shares and his indirect interest is in approximately 53,550 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't convey any particular positive or negative sentiment.
Management Comments
- Mr. 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, providing transparency to the market regarding their investment activities in Texas Pacific Land Corp.
Stakeholder Impact
- The transaction provides information to shareholders regarding the investment activities of a major shareholder, Horizon Kinetics Asset Management LLC.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 1,271,975 shares and Murray Stahl's direct interest in 2,474 shares and his indirect interest in approximately 53,550 shares. |
| 05/03/2024 | Date of transaction: Purchase of Texas Pacific Land Corp common stock. |
| 05/06/2024 | Date of Form 4 filing. |
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