[Form 4] Texas Pacific Land Corporation Insider Trading Activity
Horizon Kinetics Asset Management LLC reported a purchase of Texas Pacific Land Corporation (TPL) common stock on 08/12/2025 at a price of $864.54 per share. The filing lists the reporting entity as a Director and 10% owner of the issuer and shows 1,163,973 shares beneficially owned following the reported transaction.
The form references a Schedule 13D amendment filed on 12/18/2024 that disclosed beneficial ownership of 3,578,173 shares and reported 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 ha segnalato l'acquisto di azioni ordinarie di Texas Pacific Land Corporation (TPL) il 08/12/2025 al prezzo di $864.54 per azione. Il documento indica l'entit脿 che comunica come Direttore e titolare del 10% dell'emittente e riporta 1,163,973 azioni detenute a titolo beneficiario dopo la transazione segnalata.
Il modulo fa riferimento a una modifica del Schedule 13D presentata il 12/18/2024 che dichiarava una propriet脿 beneficiaria di 3,578,173 azioni e riportava l'interesse diretto di Murray Stahl di 7,848 azioni e un interesse indiretto di circa 156,083 azioni. Nel documento si specifica che il sig. Stahl non esercita discrezionalit脿 sugli investimenti relativi ai titoli dell'emittente.
Horizon Kinetics Asset Management LLC inform贸 la compra de acciones ordinarias de Texas Pacific Land Corporation (TPL) el 08/12/2025 a un precio de $864.54 por acci贸n. La presentaci贸n identifica a la entidad informante como Director y propietario del 10% del emisor y muestra 1,163,973 acciones pose铆das a t铆tulo beneficiario tras la operaci贸n informada.
El formulario hace referencia a una enmienda del Schedule 13D presentada el 12/18/2024 que revel贸 la propiedad beneficiaria de 3,578,173 acciones y consign贸 el inter茅s directo de Murray Stahl de 7,848 acciones y un inter茅s indirecto de aproximadamente 156,083 acciones. La presentaci贸n indica que el Sr. Stahl no ejerce discreci贸n de inversi贸n sobre los valores del emisor.
Horizon Kinetics Asset Management LLC电� 08/12/2025鞐� Texas Pacific Land Corporation (TPL) 氤错喌欤茧ゼ 欤茧嫻 $864.54鞐� 毵れ瀰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊电� 氤搓碃雼泊毳� 氚滍枆須岇偓鞚� 鞚挫偓(顿颈谤别肠迟辞谤)鞚挫瀽 歆�攵� 10% 靻岇湢欤�搿� 旮办灛頄堨溂氅�, 氤搓碃霅� 瓯半灅 頉� 1,163,973欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛埖鐢 瓴冹溂搿� 雮橅儉雮姷雼堧嫟.
頃措嫻 鞏戩嫕鞚� 12/18/2024鞐� 鞝滌稖霅� Schedule 13D 靾橃爼靹滊ゼ 鞏戈笁頃橂┌, 雼轨嫓 鞁れ 氤挫湢欤检嫕鞚� 3,578,173欤茧 瓿店皽霅橃棃瓿� Murray Stahl鞚� 歆侅爲 氤挫湢攵勳澊 7,848欤�, 臧勳爲 氤挫湢攵勳澊 鞎� 156,083欤茧 氤搓碃霅橃棃雼り碃 氚濏様鞀惦媹雼�. 鞝滌稖靹滊电� Stahl 鞌皜 頃措嫻 氚滍枆須岇偓鞚� 歃濌秾鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橃 鞎姷鐢雼り碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Horizon Kinetics Asset Management LLC a d茅clar茅 l'achat d'actions ordinaires de Texas Pacific Land Corporation (TPL) le 08/12/2025 au prix de $864.54 par action. Le dossier identifie l'entit茅 d茅clarante comme Director et propri茅taire de 10% de l'茅metteur et indique 1,163,973 actions d茅tenues 脿 titre b茅n茅ficiaire suite 脿 la transaction signal茅e.
Le formulaire fait r茅f茅rence 脿 un amendement du Schedule 13D d茅pos茅 le 12/18/2024 qui r茅v茅lait une propri茅t茅 b茅n茅ficiaire de 3,578,173 actions et signalait 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 dossier pr茅cise que M. Stahl n'exerce pas de pouvoir discr茅tionnaire en mati猫re d'investissement sur les titres de l'茅metteur.
Horizon Kinetics Asset Management LLC meldete den Kauf von Stammaktien der Texas Pacific Land Corporation (TPL) am 08/12/2025 zu einem Preis von $864.54 je Aktie. Die Einreichung f眉hrt die meldende Einheit als Director und 10% Eigent眉mer des Emittenten auf und weist 1,163,973 wirtschaftlich gehaltene Aktien nach der gemeldeten Transaktion aus.
Das Formular verweist auf eine am 12/18/2024 eingereichte 脛nderung des Schedule 13D, die eine wirtschaftliche Eigent眉merschaft von 3,578,173 Aktien offenlegte und Murray Stahls direkte Beteiligung von 7,848 Aktien sowie eine indirekte Beteiligung von etwa 156,083 Aktien angab. Die Einreichung stellt fest, dass Herr Stahl keine Anlageentscheidungsbefugnis 眉ber die Wertpapiere des Emittenten aus眉bt.
- Purchase reported: HKAM purchased TPL common stock on 08/12/2025 at $864.54 per share.
- Post-transaction holdings: The filing reports 1,163,973 shares beneficially owned following the transaction.
- Schedule 13D disclosure: An amendment noted group beneficial ownership of 3,578,173 shares and quantified Murray Stahl's direct and indirect interests.
- None.
Insights
TL;DR Insider-affiliated manager reported a purchase at $864.54 and sizable reported beneficial holdings, likely relevant to monitoring ownership concentration.
HKAM's reported purchase on 08/12/2025 at $864.54 is explicitly recorded with a post-transaction beneficial ownership figure of 1,163,973 shares. The form also cites a prior Schedule 13D amendment showing 3,578,173 shares beneficially owned, indicating persistent, disclosed accumulation by the reporting group. The filing clarifies that Murray Stahl holds small direct and indirect stakes and does not exercise investment discretion, which affects interpretation of who controls investment decisions.
TL;DR Disclosure shows an entity with director status and >10% stake reporting a purchase; governance links and delegation of discretion are disclosed.
The report identifies Horizon Kinetics Asset Management LLC as a reporting person with director and 10% owner designations and documents a transaction coded as a purchase. The Schedule 13D amendment referenced discloses group-level holdings of 3,578,173 shares and separates Murray Stahl's direct (7,848) and indirect (~156,083) interests. The statement that Mr. Stahl does not exercise investment discretion is material to governance analysis because it delineates decision-making authority within the reporting group.
Horizon Kinetics Asset Management LLC ha segnalato l'acquisto di azioni ordinarie di Texas Pacific Land Corporation (TPL) il 08/12/2025 al prezzo di $864.54 per azione. Il documento indica l'entit脿 che comunica come Direttore e titolare del 10% dell'emittente e riporta 1,163,973 azioni detenute a titolo beneficiario dopo la transazione segnalata.
Il modulo fa riferimento a una modifica del Schedule 13D presentata il 12/18/2024 che dichiarava una propriet脿 beneficiaria di 3,578,173 azioni e riportava l'interesse diretto di Murray Stahl di 7,848 azioni e un interesse indiretto di circa 156,083 azioni. Nel documento si specifica che il sig. Stahl non esercita discrezionalit脿 sugli investimenti relativi ai titoli dell'emittente.
Horizon Kinetics Asset Management LLC inform贸 la compra de acciones ordinarias de Texas Pacific Land Corporation (TPL) el 08/12/2025 a un precio de $864.54 por acci贸n. La presentaci贸n identifica a la entidad informante como Director y propietario del 10% del emisor y muestra 1,163,973 acciones pose铆das a t铆tulo beneficiario tras la operaci贸n informada.
El formulario hace referencia a una enmienda del Schedule 13D presentada el 12/18/2024 que revel贸 la propiedad beneficiaria de 3,578,173 acciones y consign贸 el inter茅s directo de Murray Stahl de 7,848 acciones y un inter茅s indirecto de aproximadamente 156,083 acciones. La presentaci贸n indica que el Sr. Stahl no ejerce discreci贸n de inversi贸n sobre los valores del emisor.
Horizon Kinetics Asset Management LLC电� 08/12/2025鞐� Texas Pacific Land Corporation (TPL) 氤错喌欤茧ゼ 欤茧嫻 $864.54鞐� 毵れ瀰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊电� 氤搓碃雼泊毳� 氚滍枆須岇偓鞚� 鞚挫偓(顿颈谤别肠迟辞谤)鞚挫瀽 歆�攵� 10% 靻岇湢欤�搿� 旮办灛頄堨溂氅�, 氤搓碃霅� 瓯半灅 頉� 1,163,973欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛埖鐢 瓴冹溂搿� 雮橅儉雮姷雼堧嫟.
頃措嫻 鞏戩嫕鞚� 12/18/2024鞐� 鞝滌稖霅� Schedule 13D 靾橃爼靹滊ゼ 鞏戈笁頃橂┌, 雼轨嫓 鞁れ 氤挫湢欤检嫕鞚� 3,578,173欤茧 瓿店皽霅橃棃瓿� Murray Stahl鞚� 歆侅爲 氤挫湢攵勳澊 7,848欤�, 臧勳爲 氤挫湢攵勳澊 鞎� 156,083欤茧 氤搓碃霅橃棃雼り碃 氚濏様鞀惦媹雼�. 鞝滌稖靹滊电� Stahl 鞌皜 頃措嫻 氚滍枆須岇偓鞚� 歃濌秾鞐� 雽�頃� 韴瀽 鞛焿鞚� 頄夓偓頃橃 鞎姷鐢雼り碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Horizon Kinetics Asset Management LLC a d茅clar茅 l'achat d'actions ordinaires de Texas Pacific Land Corporation (TPL) le 08/12/2025 au prix de $864.54 par action. Le dossier identifie l'entit茅 d茅clarante comme Director et propri茅taire de 10% de l'茅metteur et indique 1,163,973 actions d茅tenues 脿 titre b茅n茅ficiaire suite 脿 la transaction signal茅e.
Le formulaire fait r茅f茅rence 脿 un amendement du Schedule 13D d茅pos茅 le 12/18/2024 qui r茅v茅lait une propri茅t茅 b茅n茅ficiaire de 3,578,173 actions et signalait 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 dossier pr茅cise que M. Stahl n'exerce pas de pouvoir discr茅tionnaire en mati猫re d'investissement sur les titres de l'茅metteur.
Horizon Kinetics Asset Management LLC meldete den Kauf von Stammaktien der Texas Pacific Land Corporation (TPL) am 08/12/2025 zu einem Preis von $864.54 je Aktie. Die Einreichung f眉hrt die meldende Einheit als Director und 10% Eigent眉mer des Emittenten auf und weist 1,163,973 wirtschaftlich gehaltene Aktien nach der gemeldeten Transaktion aus.
Das Formular verweist auf eine am 12/18/2024 eingereichte 脛nderung des Schedule 13D, die eine wirtschaftliche Eigent眉merschaft von 3,578,173 Aktien offenlegte und Murray Stahls direkte Beteiligung von 7,848 Aktien sowie eine indirekte Beteiligung von etwa 156,083 Aktien angab. Die Einreichung stellt fest, dass Herr Stahl keine Anlageentscheidungsbefugnis 眉ber die Wertpapiere des Emittenten aus眉bt.
FAQ
Who filed the Form 4 for TPL?
What transaction is reported on the TPL Form 4?
How many TPL shares does the reporting person beneficially own after the transaction?
What did the Schedule 13D amendment referenced in the filing disclose?
Does Murray Stahl exercise investment discretion over the reported securities?
Who signed the Form 4 and when was it signed?
