[Form 4] Texas Pacific Land Corporation Insider Trading Activity
Horizon Kinetics Asset Management LLC (HKAM) reported a purchase of Texas Pacific Land Corporation (TPL) common stock on 08/08/2025 at a reported price of $868.97 per share. The reported transaction is coded as a purchase and the Form 4 shows HKAM's beneficial ownership following the reported transaction as 1,163,971 shares (direct).
The filing references an earlier Schedule 13D amendment that disclosed HKAM's beneficial ownership of 3,578,173 shares and shows Murray Stahl's direct interest of 7,848 shares and indirect interest of approximately 156,083 shares. The filing states Mr. Stahl does not exercise investment discretion over the issuer's securities.
Horizon Kinetics Asset Management LLC (HKAM) ha comunicato l'acquisto di azioni ordinarie di Texas Pacific Land Corporation (TPL) in data 08/08/2025 al prezzo riportato di $868.97 per azione. L'operazione 猫 classificata come acquisto e il Form 4 indica la partecipazione beneficiaria di HKAM dopo la transazione pari a 1,163,971 azioni (dirette).
La segnalazione fa riferimento a una precedente integrazione del Schedule 13D che aveva dichiarato una partecipazione beneficiaria di HKAM di 3,578,173 azioni e riporta l'interesse diretto di Murray Stahl di 7,848 azioni e un interesse indiretto di circa 156,083 azioni. Il documento precisa che il sig. Stahl non esercita discrezionalit脿 sugli investimenti relativi ai titoli dell'emittente.
Horizon Kinetics Asset Management LLC (HKAM) inform贸 la compra de acciones ordinarias de Texas Pacific Land Corporation (TPL) el 08/08/2025 a un precio informado de $868.97 por acci贸n. La operaci贸n figura como compra y el Form 4 muestra la propiedad beneficiaria de HKAM tras la transacci贸n en 1,163,971 acciones (directas).
La presentaci贸n hace referencia a una enmienda previa del Schedule 13D que revel贸 la propiedad beneficiaria de HKAM de 3,578,173 acciones y muestra el inter茅s directo de Murray Stahl de 7,848 acciones y un inter茅s indirecto de aproximadamente 156,083 acciones. Se indica que el Sr. Stahl no ejerce discreci贸n de inversi贸n sobre los valores del emisor.
Horizon Kinetics Asset Management LLC (HKAM)電� 2025雲� 08鞗� 08鞚� Texas Pacific Land Corporation (TPL) 氤错喌欤茧ゼ 欤茧嫻 $868.97鞐� 毵れ垬頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頃措嫻 瓯半灅電� 毵れ垬搿� 攵勲霅橂┌ Form 4鞐愲姅 瓯半灅 頉� HKAM鞚� 鞁れ 靻岇湢臧� 1,163,971欤�(歆侅爲)搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
鞁犼碃靹滊姅 HKAM鞚� 鞁れ 靻岇湢臧� 3,578,173欤�搿� 瓿店皽霅� 鞚挫爠 Schedule 13D 靾橃爼 鞁犼碃毳� 鞏戈笁頃橂┌, Murray Stahl鞚� 歆侅爲 氤挫湢電� 7,848欤�, 臧勳爲 氤挫湢電� 鞎� 156,083欤�搿� 響滌嫓頃╇媹雼�. 鞁犼碃靹滌棎電� Stahl 鞌皜 氚滍枆靷潣 歃濌秾鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橃 鞎婋姅雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Horizon Kinetics Asset Management LLC (HKAM) a d茅clar茅 l'achat d'actions ordinaires de Texas Pacific Land Corporation (TPL) le 08/08/2025 脿 un prix d茅clar茅 de $868.97 par action. La transaction est cod茅e comme un achat et le Form 4 indique la d茅tention b茅n茅ficiaire de HKAM apr猫s la transaction 脿 1,163,971 actions (directes).
Le d茅p么t renvoie 脿 un amendement ant茅rieur du Schedule 13D qui r茅v茅lait une d茅tention b茅n茅ficiaire de HKAM de 3,578,173 actions et pr茅cise l'int茅r锚t direct de Murray Stahl de 7,848 actions ainsi qu'un int茅r锚t indirect d'environ 156,083 actions. Le document indique que M. Stahl n'exerce pas de discr茅tion d'investissement sur les titres de l'茅metteur.
Horizon Kinetics Asset Management LLC (HKAM) meldete am 08.08.2025 den Kauf von Stammaktien der Texas Pacific Land Corporation (TPL) zu einem gemeldeten Preis von $868.97 pro Aktie. Die Transaktion ist als Kauf gekennzeichnet, und das Form 4 weist das wirtschaftliche Eigentum von HKAM nach der Transaktion mit 1,163,971 Aktien (direkt) aus.
Die Einreichung verweist auf eine fr眉here 脛nderung des Schedule 13D, die ein wirtschaftliches Eigentum von HKAM in H枚he von 3,578,173 Aktien offenlegte, und nennt Murray Stahls direkte Beteiligung von 7,848 Aktien sowie eine indirekte Beteiligung von etwa 156,083 Aktien. In der Einreichung hei脽t es, dass Herr Stahl keine Anlageentscheidung 眉ber die Wertpapiere des Emittenten trifft.
- Reported purchase of TPL common stock at $868.97 per share is disclosed
- Form shows HKAM's post-transaction direct beneficial ownership of 1,163,971 shares
- Filing references an earlier Schedule 13D with 3,578,173 shares and details on Murray Stahl's direct and indirect interests, improving transparency
- The filing states Murray Stahl does not exercise investment discretion, clarifying decision-making authority
- None.
Insights
TL;DR: HKAM increased its direct stake in TPL via a reported purchase; ownership figures are disclosed but transaction quantity is not explicitly clear.
The Form 4 records a purchase at $868.97 and shows HKAM holding 1,163,971 shares directly after the reported trade. The form also references a Schedule 13D amendment showing total beneficial ownership of 3,578,173 shares, which provides important context on the firm's broader position. The filing is factual and transparent on ownership levels and the role of Murray Stahl, but the table presentation makes the exact number of shares acquired in the single reported transaction difficult to parse.
TL;DR: The disclosure improves transparency on insider/affiliate holdings; it clarifies investment discretion status for a named individual.
The Form 4 links the reported purchase to HKAM and reiterates prior Schedule 13D figures, including Murray Stahl's direct and indirect interests and the statement that Mr. Stahl does not exercise investment discretion. That clarity on decision-making authority and consolidated beneficial ownership is useful for governance assessments. The filing is procedural and informative but does not on its face reveal control changes or shifts in board-level voting arrangements.
Horizon Kinetics Asset Management LLC (HKAM) ha comunicato l'acquisto di azioni ordinarie di Texas Pacific Land Corporation (TPL) in data 08/08/2025 al prezzo riportato di $868.97 per azione. L'operazione 猫 classificata come acquisto e il Form 4 indica la partecipazione beneficiaria di HKAM dopo la transazione pari a 1,163,971 azioni (dirette).
La segnalazione fa riferimento a una precedente integrazione del Schedule 13D che aveva dichiarato una partecipazione beneficiaria di HKAM di 3,578,173 azioni e riporta l'interesse diretto di Murray Stahl di 7,848 azioni e un interesse indiretto di circa 156,083 azioni. Il documento precisa che il sig. Stahl non esercita discrezionalit脿 sugli investimenti relativi ai titoli dell'emittente.
Horizon Kinetics Asset Management LLC (HKAM) inform贸 la compra de acciones ordinarias de Texas Pacific Land Corporation (TPL) el 08/08/2025 a un precio informado de $868.97 por acci贸n. La operaci贸n figura como compra y el Form 4 muestra la propiedad beneficiaria de HKAM tras la transacci贸n en 1,163,971 acciones (directas).
La presentaci贸n hace referencia a una enmienda previa del Schedule 13D que revel贸 la propiedad beneficiaria de HKAM de 3,578,173 acciones y muestra el inter茅s directo de Murray Stahl de 7,848 acciones y un inter茅s indirecto de aproximadamente 156,083 acciones. Se indica que el Sr. Stahl no ejerce discreci贸n de inversi贸n sobre los valores del emisor.
Horizon Kinetics Asset Management LLC (HKAM)電� 2025雲� 08鞗� 08鞚� Texas Pacific Land Corporation (TPL) 氤错喌欤茧ゼ 欤茧嫻 $868.97鞐� 毵れ垬頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頃措嫻 瓯半灅電� 毵れ垬搿� 攵勲霅橂┌ Form 4鞐愲姅 瓯半灅 頉� HKAM鞚� 鞁れ 靻岇湢臧� 1,163,971欤�(歆侅爲)搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟.
鞁犼碃靹滊姅 HKAM鞚� 鞁れ 靻岇湢臧� 3,578,173欤�搿� 瓿店皽霅� 鞚挫爠 Schedule 13D 靾橃爼 鞁犼碃毳� 鞏戈笁頃橂┌, Murray Stahl鞚� 歆侅爲 氤挫湢電� 7,848欤�, 臧勳爲 氤挫湢電� 鞎� 156,083欤�搿� 響滌嫓頃╇媹雼�. 鞁犼碃靹滌棎電� Stahl 鞌皜 氚滍枆靷潣 歃濌秾鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橃 鞎婋姅雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Horizon Kinetics Asset Management LLC (HKAM) a d茅clar茅 l'achat d'actions ordinaires de Texas Pacific Land Corporation (TPL) le 08/08/2025 脿 un prix d茅clar茅 de $868.97 par action. La transaction est cod茅e comme un achat et le Form 4 indique la d茅tention b茅n茅ficiaire de HKAM apr猫s la transaction 脿 1,163,971 actions (directes).
Le d茅p么t renvoie 脿 un amendement ant茅rieur du Schedule 13D qui r茅v茅lait une d茅tention b茅n茅ficiaire de HKAM de 3,578,173 actions et pr茅cise l'int茅r锚t direct de Murray Stahl de 7,848 actions ainsi qu'un int茅r锚t indirect d'environ 156,083 actions. Le document indique que M. Stahl n'exerce pas de discr茅tion d'investissement sur les titres de l'茅metteur.
Horizon Kinetics Asset Management LLC (HKAM) meldete am 08.08.2025 den Kauf von Stammaktien der Texas Pacific Land Corporation (TPL) zu einem gemeldeten Preis von $868.97 pro Aktie. Die Transaktion ist als Kauf gekennzeichnet, und das Form 4 weist das wirtschaftliche Eigentum von HKAM nach der Transaktion mit 1,163,971 Aktien (direkt) aus.
Die Einreichung verweist auf eine fr眉here 脛nderung des Schedule 13D, die ein wirtschaftliches Eigentum von HKAM in H枚he von 3,578,173 Aktien offenlegte, und nennt Murray Stahls direkte Beteiligung von 7,848 Aktien sowie eine indirekte Beteiligung von etwa 156,083 Aktien. In der Einreichung hei脽t es, dass Herr Stahl keine Anlageentscheidung 眉ber die Wertpapiere des Emittenten trifft.
FAQ
What did Horizon Kinetics report on Form 4 for TPL?
When was the TPL transaction reported?
How many TPL shares does HKAM beneficially own after the reported transaction?
What prior ownership disclosures are referenced in the Form 4?
Does Murray Stahl exercise investment discretion over TPL securities?
