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 $807.64 per share on August 8, 2024.

Summary

• On August 8, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $807.64 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,110 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.

Sentiment

Score: 5

Explanation: This is a neutral report of a stock transaction. It doesn't inherently indicate positive or negative sentiment, but rather a factual change in ownership.

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 the beneficial ownership of Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC, a major shareholder.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant shareholder.

Key Dates