Form 4: Murray Stahl of Horizon Kinetics Reports Texas Pacific Land Corp Stock Transactions

Murray Stahl, a director and 10% owner of Texas Pacific Land Corp, reports multiple transactions involving the company's common stock through various entities.

Summary

• Murray Stahl, associated with Horizon Kinetics, reported transactions in Texas Pacific Land Corp (TPL) common stock on August 15, 2024.
• The transactions involved purchases of TPL stock at a price of $832.38 per share.
• These purchases were made through various entities including Horizon Kinetics Hard Assets LLC, Horizon Credit Opportunity Fund LP, Horizon Common Inc, and Polestar Offshore Fund Ltd.
• Stahl's beneficial ownership includes direct and indirect holdings through these entities.
• The report also references a 3-for-1 stock split that occurred on March 27, 2024, affecting previously reported share amounts.
• Some purchases were made pursuant to a Rule 10b5-1 plan adopted on May 14, 2024.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's stock. This filing provides transparency into the transactions of a director and significant shareholder of Texas Pacific Land Corp.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key insider, which can influence their perception of the company's prospects.

Key Dates