Form 4: Texas Pacific Land Corp Director and Horizon Kinetics Asset Management LLC Report Changes in Beneficial Ownership

Murray Stahl, a director of Texas Pacific Land Corp, and Horizon Kinetics Asset Management LLC reported changes in their beneficial ownership of the company's stock.

Summary

• Murray Stahl, a director of Texas Pacific Land Corp, received 132 shares of common stock as part of his annual retainer for board service on January 1, 2025.
• On January 3, 2025, Horizon Kinetics Asset Management LLC purchased 1 share of common stock at a price of $1,219.3.
• Following these transactions, Murray Stahl directly owns 7,980 shares and Horizon Kinetics Asset Management LLC indirectly owns 1,160,069 shares.
• The filing also references a previous Schedule 13D amendment by Horizon Kinetics Asset Management LLC on December 18, 2024, which disclosed beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock transactions by a director and a major shareholder, indicating normal business activity. There is no indication of any negative or positive sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director and a significant shareholder, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and major shareholders.
• The transactions reported are typical for compensation and investment activities.
• The level of detail provided is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine changes in ownership.

Key Dates

Keywords

beneficial ownership, Texas Pacific Land Corp, TPL, Murray Stahl, Horizon Kinetics Asset Management LLC, stock, director, Form 4, SEC