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 $828.46 per share on July 17, 2024, leaving them with beneficial ownership of 1,085,062 shares.
Summary
- On July 17, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $828.46 per share.
- Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,062 shares of TPL.
- The transaction was reported in a Form 4 filing with the SEC.
- Horizon Kinetics Asset Management LLC is a 10% owner of Texas Pacific Land Corp.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a transaction. The sentiment is neutral as it simply reports a purchase of shares.
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 the ownership position of Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant 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. |
| 07/17/2024 | Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp at $828.46 per share. |
| 07/18/2024 | Date of signature for the Form 4 filing. |
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