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

Horizon Kinetics Asset Management LLC reports the purchase of Texas Pacific Land Corp shares at $584.96 per share, affecting their beneficial ownership.

Summary

• On April 17, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $584.96 per share.
• Following this transaction, HKAM's beneficial ownership in TPL amounts to 1,084,938 shares.
• Murray Stahl, Chairman, CEO, and Chief Investment Manager of HKAM, has a controlling interest in partnerships and other accounts totaling 439,059 shares.
• Mr. Stahl's 10b5-1 plan, adopted on September 14, 2023, ended on April 15, 2024.
• Mr. Stahl does not participate in investment decisions regarding TPL securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of a stock transaction. The information itself doesn't inherently suggest a positive or negative outlook.

Management Comments

• Mr. 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 shares. This filing indicates changes in ownership by a major shareholder, Horizon Kinetics Asset Management LLC, in Texas Pacific Land Corp.

Stakeholder Impact

• The transaction may influence investor perception of Texas Pacific Land Corp, potentially affecting shareholder value.

Key Dates