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STOCK TITAN

[Form 4] Texas Pacific Land Corporation Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

BJ’s Wholesale Club Holdings, Inc. (BJ) � Form 4 insider transaction

President & CEO Robert W. Eddy filed a Form 4 for trades executed on 1 July 2025. Mr. Eddy, who is also a director, sold a total of 17,900 BJ common shares in three market transactions:

  • 7,308 shares at a weighted-average $106.73
  • 9,894 shares at a weighted-average $107.27
  • 698 shares at a weighted-average $108.03

The weighted-average sale price range spanned $105.98�$108.07. After the sales, the CEO retains 368,333 shares held directly and 2,000 shares held indirectly through dependent children, leaving him with roughly 370k shares in total. The disposition represents �4.6&Բ;% of his prior direct ownership.

No derivative securities were reported. The filing does not reference a Rule 10b5-1 trading plan, so the sales appear discretionary. Investors often watch C-suite sales for sentiment signals; however, the executive continues to hold a sizeable equity stake, which may temper negative interpretations.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transazione interna Form 4

Il Presidente e CEO Robert W. Eddy ha presentato un modulo Form 4 per operazioni eseguite il 1 luglio 2025. Il signor Eddy, che è anche membro del consiglio di amministrazione, ha venduto un totale di 17.900 azioni ordinarie BJ in tre transazioni di mercato:

  • 7.308 azioni a un prezzo medio ponderato di 106,73 $
  • 9.894 azioni a un prezzo medio ponderato di 107,27 $
  • 698 azioni a un prezzo medio ponderato di 108,03 $

La fascia di prezzo media ponderata di vendita è stata compresa tra 105,98 $ e 108,07 $. Dopo le vendite, il CEO mantiene 368.333 azioni detenute direttamente e 2.000 azioni detenute indirettamente tramite figli a carico, per un totale di circa 370.000 azioni. La cessione rappresenta circa il 4,6 % della sua precedente proprietà diretta.

Non sono stati segnalati titoli derivati. La documentazione non fa riferimento a un piano di trading secondo la regola 10b5-1, quindi le vendite sembrano discrezionali. Gli investitori spesso osservano le vendite dei dirigenti per segnali di sentiment; tuttavia, l’esecutivo continua a detenere una quota azionaria significativa, il che potrebbe attenuare interpretazioni negative.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transacción interna Formulario 4

El presidente y CEO Robert W. Eddy presentó un Formulario 4 por operaciones realizadas el 1 de julio de 2025. El Sr. Eddy, que también es director, vendió un total de 17,900 acciones comunes de BJ en tres transacciones en el mercado:

  • 7,308 acciones a un precio promedio ponderado de $106.73
  • 9,894 acciones a un precio promedio ponderado de $107.27
  • 698 acciones a un precio promedio ponderado de $108.03

El rango del precio promedio ponderado de venta fue de $105.98 a $108.07. Tras las ventas, el CEO mantiene 368,333 acciones en propiedad directa y 2,000 acciones en propiedad indirecta a través de hijos dependientes, quedando con aproximadamente 370,000 acciones en total. La disposición representa aproximadamente el 4.6 % de su propiedad directa previa.

No se reportaron valores derivados. La presentación no hace referencia a un plan de negociación bajo la Regla 10b5-1, por lo que las ventas parecen discrecionales. Los inversores suelen observar las ventas de altos ejecutivos como señales de sentimiento; sin embargo, el ejecutivo sigue manteniendo una participación accionaria considerable, lo que podría moderar interpretaciones negativas.

BJ’s Wholesale Club Holdings, Inc. (BJ) � 내부� 거래 신고�(Form 4)

사장 � CEO� Robert W. Eddy가 2025� 7� 1�� 실행� 거래� 대� Form 4� 제출했습니다. Eddy 씨는 이사� 멤버이기� 하며, � 차례� 시장 거래에서 � 17,900주의 BJ 보통주를 매도했습니다:

  • 7,308주를 가중평� $106.73� 매도
  • 9,894주를 가중평� $107.27� 매도
  • 698주를 가중평� $108.03� 매도

가중평� 매도 가� 범위� $105.98~$108.07입니�. 매도 � CEO� 직접 보유 주식 368,333�부� 자녀� 통한 간접 보유 주식 2,000�� 보유하여 � � 37� 주를 유지하고 있습니다. 이번 매도� 이전 직접 보유 주식� � 4.6%� 해당합니�.

파생상품 증권은 보고되지 않았습니�. 제출서류에는 Rule 10b5-1 거래 계획� 대� 언급� 없어 이번 매도� 임의� 거래� 보입니다. 투자자들은 경영진의 주식 매도� 시장 심리 신호� 주시하는 경우가 많지�, 경영진이 상당� 지분을 계속 보유하고 있어 부정적 해석� 완화� � 있습니다.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transaction d’initié Formulaire 4

Le président et CEO Robert W. Eddy a déposé un Formulaire 4 pour des transactions exécutées le 1er juillet 2025. M. Eddy, qui est également administrateur, a vendu un total de 17 900 actions ordinaires BJ lors de trois transactions sur le marché :

  • 7 308 actions à un prix moyen pondéré de 106,73 $
  • 9 894 actions à un prix moyen pondéré de 107,27 $
  • 698 actions à un prix moyen pondéré de 108,03 $

La fourchette des prix moyens pondérés de vente s’étendait de 105,98 $ à 108,07 $. Après ces ventes, le CEO conserve 368 333 actions détenues directement et 2 000 actions détenues indirectement via ses enfants à charge, totalisant environ 370 000 actions. La cession représente environ 4,6 % de sa détention directe antérieure.

Aucun titre dérivé n’a été signalé. Le dépôt ne fait pas référence à un plan de trading selon la règle 10b5-1, les ventes semblent donc discrétionnaires. Les investisseurs surveillent souvent les ventes des cadres supérieurs comme indicateurs de sentiment ; toutefois, le dirigeant conserve une participation significative, ce qui pourrait tempérer les interprétations négatives.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Form 4 Insider-Transaktion

Präsident und CEO Robert W. Eddy reichte ein Form 4 für am 1. Juli 2025 ausgeführte Transaktionen ein. Herr Eddy, der auch Direktor ist, verkaufte insgesamt 17.900 BJ-Stammaktien in drei Markttransaktionen:

  • 7.308 Aktien zu einem gewichteten Durchschnittspreis von 106,73 $
  • 9.894 Aktien zu einem gewichteten Durchschnittspreis von 107,27 $
  • 698 Aktien zu einem gewichteten Durchschnittspreis von 108,03 $

Die gewichtete durchschnittliche Verkaufspreisspanne lag zwischen 105,98 $ und 108,07 $. Nach den Verkäufen hält der CEO 368.333 Aktien direkt und 2.000 Aktien indirekt über abhängige Kinder, womit er insgesamt etwa 370.000 Aktien besitzt. Die Veräußerung entspricht etwa 4,6 % seines vorherigen direkten Besitzes.

Es wurden keine Derivate gemeldet. Die Einreichung verweist nicht auf einen Handelsplan nach Regel 10b5-1, daher scheinen die Verkäufe diskretionär zu sein. Investoren beobachten Verkäufe von Führungskräften oft als Stimmungsindikatoren; jedoch hält der Geschäftsführer weiterhin eine beträchtliche Beteiligung, was negative Interpretationen abschwächen könnte.

Positive
  • CEO retains a substantial direct holding of 368,333 shares, maintaining strong equity alignment with shareholders.
  • Sale represents less than 5 % of prior holdings, suggesting routine diversification rather than a major reduction.
Negative
  • President & CEO sold 17,900 shares (~$1.9 M), which can be perceived as a bearish sentiment signal.
  • No disclosure of a Rule 10b5-1 trading plan, indicating the sales were discretionary and potentially timing-related.

Insights

TL;DR � Routine but sizeable CEO sale (~$1.9 M); sentiment mildly negative yet ownership remains strong.

The 17.9 k-share sale equates to about 4�5 % of Mr. Eddy’s position, generating roughly $1.9 million in proceeds. The absence of accompanying derivatives exercise or 10b5-1 plan suggests opportunistic profit-taking rather than pre-scheduled diversification. While single-day CEO disposals often draw scrutiny, his remaining 368 k shares (�$39 M at filing price) demonstrate continued alignment with shareholders. Given the magnitude relative to float and average daily volume, the transaction is unlikely to affect market liquidity. Overall impact is neutral to slightly negative; investors should monitor for additional insider selling trends.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transazione interna Form 4

Il Presidente e CEO Robert W. Eddy ha presentato un modulo Form 4 per operazioni eseguite il 1 luglio 2025. Il signor Eddy, che è anche membro del consiglio di amministrazione, ha venduto un totale di 17.900 azioni ordinarie BJ in tre transazioni di mercato:

  • 7.308 azioni a un prezzo medio ponderato di 106,73 $
  • 9.894 azioni a un prezzo medio ponderato di 107,27 $
  • 698 azioni a un prezzo medio ponderato di 108,03 $

La fascia di prezzo media ponderata di vendita è stata compresa tra 105,98 $ e 108,07 $. Dopo le vendite, il CEO mantiene 368.333 azioni detenute direttamente e 2.000 azioni detenute indirettamente tramite figli a carico, per un totale di circa 370.000 azioni. La cessione rappresenta circa il 4,6 % della sua precedente proprietà diretta.

Non sono stati segnalati titoli derivati. La documentazione non fa riferimento a un piano di trading secondo la regola 10b5-1, quindi le vendite sembrano discrezionali. Gli investitori spesso osservano le vendite dei dirigenti per segnali di sentiment; tuttavia, l’esecutivo continua a detenere una quota azionaria significativa, il che potrebbe attenuare interpretazioni negative.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transacción interna Formulario 4

El presidente y CEO Robert W. Eddy presentó un Formulario 4 por operaciones realizadas el 1 de julio de 2025. El Sr. Eddy, que también es director, vendió un total de 17,900 acciones comunes de BJ en tres transacciones en el mercado:

  • 7,308 acciones a un precio promedio ponderado de $106.73
  • 9,894 acciones a un precio promedio ponderado de $107.27
  • 698 acciones a un precio promedio ponderado de $108.03

El rango del precio promedio ponderado de venta fue de $105.98 a $108.07. Tras las ventas, el CEO mantiene 368,333 acciones en propiedad directa y 2,000 acciones en propiedad indirecta a través de hijos dependientes, quedando con aproximadamente 370,000 acciones en total. La disposición representa aproximadamente el 4.6 % de su propiedad directa previa.

No se reportaron valores derivados. La presentación no hace referencia a un plan de negociación bajo la Regla 10b5-1, por lo que las ventas parecen discrecionales. Los inversores suelen observar las ventas de altos ejecutivos como señales de sentimiento; sin embargo, el ejecutivo sigue manteniendo una participación accionaria considerable, lo que podría moderar interpretaciones negativas.

BJ’s Wholesale Club Holdings, Inc. (BJ) � 내부� 거래 신고�(Form 4)

사장 � CEO� Robert W. Eddy가 2025� 7� 1�� 실행� 거래� 대� Form 4� 제출했습니다. Eddy 씨는 이사� 멤버이기� 하며, � 차례� 시장 거래에서 � 17,900주의 BJ 보통주를 매도했습니다:

  • 7,308주를 가중평� $106.73� 매도
  • 9,894주를 가중평� $107.27� 매도
  • 698주를 가중평� $108.03� 매도

가중평� 매도 가� 범위� $105.98~$108.07입니�. 매도 � CEO� 직접 보유 주식 368,333�부� 자녀� 통한 간접 보유 주식 2,000�� 보유하여 � � 37� 주를 유지하고 있습니다. 이번 매도� 이전 직접 보유 주식� � 4.6%� 해당합니�.

파생상품 증권은 보고되지 않았습니�. 제출서류에는 Rule 10b5-1 거래 계획� 대� 언급� 없어 이번 매도� 임의� 거래� 보입니다. 투자자들은 경영진의 주식 매도� 시장 심리 신호� 주시하는 경우가 많지�, 경영진이 상당� 지분을 계속 보유하고 있어 부정적 해석� 완화� � 있습니다.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Transaction d’initié Formulaire 4

Le président et CEO Robert W. Eddy a déposé un Formulaire 4 pour des transactions exécutées le 1er juillet 2025. M. Eddy, qui est également administrateur, a vendu un total de 17 900 actions ordinaires BJ lors de trois transactions sur le marché :

  • 7 308 actions à un prix moyen pondéré de 106,73 $
  • 9 894 actions à un prix moyen pondéré de 107,27 $
  • 698 actions à un prix moyen pondéré de 108,03 $

La fourchette des prix moyens pondérés de vente s’étendait de 105,98 $ à 108,07 $. Après ces ventes, le CEO conserve 368 333 actions détenues directement et 2 000 actions détenues indirectement via ses enfants à charge, totalisant environ 370 000 actions. La cession représente environ 4,6 % de sa détention directe antérieure.

Aucun titre dérivé n’a été signalé. Le dépôt ne fait pas référence à un plan de trading selon la règle 10b5-1, les ventes semblent donc discrétionnaires. Les investisseurs surveillent souvent les ventes des cadres supérieurs comme indicateurs de sentiment ; toutefois, le dirigeant conserve une participation significative, ce qui pourrait tempérer les interprétations négatives.

BJ’s Wholesale Club Holdings, Inc. (BJ) � Form 4 Insider-Transaktion

Präsident und CEO Robert W. Eddy reichte ein Form 4 für am 1. Juli 2025 ausgeführte Transaktionen ein. Herr Eddy, der auch Direktor ist, verkaufte insgesamt 17.900 BJ-Stammaktien in drei Markttransaktionen:

  • 7.308 Aktien zu einem gewichteten Durchschnittspreis von 106,73 $
  • 9.894 Aktien zu einem gewichteten Durchschnittspreis von 107,27 $
  • 698 Aktien zu einem gewichteten Durchschnittspreis von 108,03 $

Die gewichtete durchschnittliche Verkaufspreisspanne lag zwischen 105,98 $ und 108,07 $. Nach den Verkäufen hält der CEO 368.333 Aktien direkt und 2.000 Aktien indirekt über abhängige Kinder, womit er insgesamt etwa 370.000 Aktien besitzt. Die Veräußerung entspricht etwa 4,6 % seines vorherigen direkten Besitzes.

Es wurden keine Derivate gemeldet. Die Einreichung verweist nicht auf einen Handelsplan nach Regel 10b5-1, daher scheinen die Verkäufe diskretionär zu sein. Investoren beobachten Verkäufe von Führungskräften oft als Stimmungsindikatoren; jedoch hält der Geschäftsführer weiterhin eine beträchtliche Beteiligung, was negative Interpretationen abschwächen könnte.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HORIZON KINETICS ASSET MANAGEMENT LLC

(Last) (First) (Middle)
470 PARK AVENUE SOUTH
4TH FLOOR SOUTH

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Texas Pacific Land Corp [ TPL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 P 1 A $1,042.57 1,163,944(1)(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.
2. The figure reported reflects a reduction of 2,310 shares that were delivered without consideration as part of an in-kind redemption.
/s/ Jay Kesslen, attorney-in-fact 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many BJ shares did the CEO sell on 1 July 2025?

Robert W. Eddy sold 17,900 common shares of BJ’s Wholesale Club Holdings.

What prices did the BJ shares sell for in the Form 4 filing?

Shares were sold at weighted-average prices of $106.73, $107.27, and $108.03, covering a range of $105.98�$108.07.

How many BJ shares does the CEO still own after the sale?

He now owns 368,333 shares directly and 2,000 shares indirectly via dependent children.

Was the insider sale made under a Rule 10b5-1 plan?

The Form 4 does not indicate a Rule 10b5-1(c) trading plan; the corresponding checkbox is not marked.

What percentage of the CEO’s holdings were sold?

The sale represents approximately 4.6 % of his pre-transaction direct ownership.
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