Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys 1 Share

What Happened
Horizon Kinetics Asset Management LLC, reported as a 10% owner, purchased 1 share of Texas Pacific Land Corp (TPL) in an open-market/private purchase on August 27, 2026 at $365.74 per share (total ≈ $366). The transaction is coded P (purchase), i.e., a buy rather than a sale.

Key Details

• Transaction date and price: 2026-08-27, 1 share at $365.74.
• Total value: approximately $366.
• Shares owned after transaction: Horizon Kinetics reported beneficial ownership of 10,109,933 shares on its May 7, 2026 Schedule 13D; this purchase increases that count by 1 to ~10,109,934 shares.
• Footnote: Schedule 13D amendment (filed May 7, 2026) disclosed the 10% beneficial ownership referenced in the Form 4.
• Filing timeliness: Form 4 was filed 2026-08-28 for the 2026-08-27 trade (filed the next day), which appears timely.

Context
As a 10% institutional owner, Horizon Kinetics is not an executive officer; large holders file Schedule 13D to disclose their stakes. The single-share purchase is negligible relative to its reported ~10.1 million-share stake and is unlikely to meaningfully change ownership percentage or market perceptions.