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

What Happened

• Horizon Kinetics Asset Management LLC, reported as a 10% beneficial owner of Texas Pacific Land Corporation (TPL), acquired 1 share on 2026-09-24 in an open-market/private purchase at $340.28 per share, for a total of about $340. This is a purchase (acquisition) rather than a sale.

Key Details

• Transaction date and price: 2026-09-24 — 1 share at $340.28.
• Shares owned after the transaction: Based on HKAM’s Schedule 13D (filed May 7, 2026) reporting 10,109,933 shares, this purchase would bring beneficial ownership to 10,109,934 shares.
• Footnote: HKAM’s Schedule 13D reported the 10% ownership figure; the Form 4 notes the extent of HKAM’s pecuniary interest as disclosed in that Schedule 13D.
• Filing timeliness: Form 4 was filed 2026-09-25 for a 2026-09-24 trade (within typical Form 4 reporting deadlines), so not late.
• Transaction code: P = Purchase. No options, awards, gifts, or tax-withholding involved.

Context

• Horizon Kinetics is an institutional 10% owner, not a company executive. Institutional buys can be informative, but this one-share purchase is immaterial in size and is likely administrative or a rounding/odd-lot trade rather than a meaningful change in position.