HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Feb 24, 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 (reported 10% owner) acquired 1 share of Texas Pacific Land Corp (TPL) on February 23, 2026 at $519.85 per share (total ≈ $520). This was a purchase (Form 4 code P), a small buy in dollar and share terms.
Key Details
- Transaction date and price: 2026-02-23, 1 share at $519.85.
- Shares owned (reported previously): A Schedule 13D amendment filed Dec 18, 2024 (adjusted for a 3-for-1 split effective Dec 22, 2025) reported HKAM’s beneficial ownership as 3,578,173 shares; the Form 4 records this 1-share acquisition.
- Footnote: The 13D notes Murray Stahl’s direct interest of 7,848 shares and indirect interest of ~156,083 shares; Mr. Stahl does not exercise investment discretion over the issuer’s securities.
- Filing timeliness: Form 4 filed Feb 24, 2026 for a Feb 23, 2026 transaction (timely filing).
Context
- This is an institutional/10% owner purchase, not an officer/director trade. The purchase size (one share, ~$520) is immaterial on its own and may reflect rounding or administrative trading rather than a meaningful change in ownership. The Form shows a straight purchase (no options, grants, or tax withholding involved).
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
[F1]2026-02-23$519.85/sh+1$520→ 3,479,378 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|2026-02-24