HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys 1 Share
What Happened
Horizon Kinetics Asset Management LLC (a reported 10% owner of Texas Pacific Land Corp., ticker TPL) purchased 1 share in an open-market transaction on February 17, 2026 at $425.55 per share (total ≈ $426). The Form 4 was filed on February 18, 2026.
Key Details
- Transaction type: Open market purchase (Code P).
- Transaction date and price: 2026-02-17 at $425.55 per share.
- Shares acquired: 1 share; total value ≈ $426.
- Shares owned after transaction: HKAM previously reported beneficial ownership of 3,578,173 shares in an amended Schedule 13D (Dec 18, 2024); this purchase would increase that to 3,578,174 (see footnote regarding split adjustments).
- Footnote: HKAM’s Schedule 13D (Dec 18, 2024) discloses beneficial ownership and notes a three‑for‑one stock split effective Dec 22, 2025. The filing also notes Murray Stahl does not exercise investment discretion over the issuer’s securities.
- Filing timeliness: Transaction on 2/17/2026, Form 4 filed 2/18/2026 (filed promptly).
Context
This is an institutional purchase by a 10% holder rather than an officer/director trade. While purchases can be more informative than sales, this single-share open-market buy is de minimis relative to HKAM’s reported multi-million‑share stake and should be viewed accordingly.
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
[F1]2026-02-17$425.55/sh+1$426→ 3,479,374 total
Footnotes (1)
- [F1]On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted 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. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein and reflects a three-for-one stock split effective December 22, 2025. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.
Signature
/s/ Jay Kesslen, attorney-in-fact|2026-02-18