HORIZON KINETICS ASSET MANAGEMENT LLC 4

What Happened Horizon Kinetics Asset Management LLC (reported 10% owner of TPL) acquired 1 share of Texas Pacific Land Corp (TPL) on July 29, 2026 in an open-market/private purchase. The trade was executed at $394.14 per share for a total cost of $394.14. The Form 4 was filed on July 30, 2026.

Key Details

• Transaction date and price: 2026-07-29, purchase at $394.14 per share (total $394.14). Transaction code: P (purchase).
• Shares owned after transaction: HKAM reported beneficial ownership of 10,109,933 shares in a Schedule 13D filed May 7, 2026; this purchase increases that holding to 10,109,934 shares.
• Footnote: F1 refers to the May 7, 2026 Schedule 13D amendment reporting HKAM as a 10% beneficial owner and disclosing its pecuniary interest.
• Filing timeliness: Form 4 filed the next day (July 30, 2026); no late filing indicated in the report.

Context This is an institutional purchase by a large (10%+) shareholder and not an executive or director trade. The single-share size and small dollar value are immaterial on their own and may reflect administrative or rounding activity rather than a material change in ownership.