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 $595.67 per share on April 26, 2024.
Summary
- On April 26, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $595.67 per share.
- Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,959 shares of TPL.
- The reporting person, 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.
- Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Management Comments
- Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the ownership changes of a major 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 interests. |
| 04/26/2024 | Date of the transaction: purchase of 3 shares of Texas Pacific Land Corp at $595.67 per share. |
| 04/29/2024 | Date of signature for the report. |
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