Form 4: Murray Stahl, Director at Texas Pacific Land Corp, Reports Recent Stock Purchases

Murray Stahl, a director at Texas Pacific Land Corp, reported purchasing shares of common stock through various entities, as indicated in a Form 4 filing with the SEC.

Summary

• Murray Stahl, a director of Texas Pacific Land Corp, has filed a Form 4 with the SEC detailing changes in beneficial ownership.
• The filing indicates purchases of common stock on March 13, 2025, at a price of $1,344.05 per share.
• These purchases were made through various entities including Horizon Kinetics Hard Assets, Horizon Credit Opportunity Fund LP, Horizon Common Inc, and Polestar Offshore Fund Ltd.
• Stahl's beneficial ownership includes both direct and indirect holdings through these entities.
• The filing also references a Rule 10b5-1 plan adopted on November 21, 2024, under which some of the purchases were made.
• Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D on December 18, 2024, noting beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates