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 $839.1 per share on July 31, 2024.

Summary

• On July 31, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $839.1 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,092 shares of TPL.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is 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 standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Management Comments

• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

This Form 4 filing indicates a change in beneficial ownership of Texas Pacific Land Corp shares, which is a routine disclosure required by the SEC. It provides transparency into the transactions of major shareholders and their potential influence on the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership as per SEC regulations.
• The information disclosed is consistent with what is expected from major shareholders in publicly traded companies.

Stakeholder Impact

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

Key Dates