[144] Solid Power, Inc. Warrant SEC Filing

Rhea-AI Filing Summary

On 21 Jul 2025, Horizon Kinetics Asset Management LLC (HKAM) – classified as a 10% owner of Texas Pacific Land Corp. (TPL) – filed a Form 4 reporting the open-market purchase (transaction code P) of 1 share of TPL common stock at $986.43. Post-transaction, HKAM lists 1,163,957 shares held directly. No derivative securities were involved. The filing references HKAM’s 18 Dec 2024 Schedule 13D, which disclosed 3.58 million shares under HKAM’s beneficial ownership framework and clarifies that Chairman Murray Stahl has no investment discretion over these shares. Given the negligible size of the purchase and absence of broader strategic commentary, the disclosure appears administrative rather than indicative of a meaningful shift in ownership or company outlook.

Insights

Securities Analyst

Tiny insider buy is de-minimis; ownership totals unchanged, market impact negligible.

The purchase of a single TPL share by HKAM merely refreshes Section 16 records. Post-trade ownership of 1.164 million shares remains well under the 3.58 million shares cited in HKAM’s Schedule 13D, suggesting much of the position is held indirectly. With no change to voting control, financial metrics, or strategic commentary, the event lacks materiality and should not influence valuation models or sentiment. I categorize the filing as routine compliance rather than a signal of confidence or concern.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	249916	949680.80	179362078	07/22/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/22/2025	Option Granted - 03/02/2023	Issuer			249916	07/22/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James Liebscher 486 S. Pierce Ave. Suite E Louisville CO 80027	Common	05/23/2025	75000	116621.85
James Liebscher 486 S. Pierce Ave. Suite E Louisville CO 80027	Common	05/27/2025	50000	80134.75
James Liebscher 486 S. Pierce Ave. Suite E Louisville CO 80027	Common	06/11/2025	365757	696745.63

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Texas Pacific Land (TPL) shares did Horizon Kinetics buy on 21 Jul 2025?

The Form 4 shows a purchase of 1 share at $986.43.

What is Horizon Kinetics’ direct ownership in TPL after the reported trade?

HKAM now directly holds 1,163,957 TPL shares.

What does transaction code “P” signify in the Form 4?

Code P indicates an open-market purchase of the issuer’s securities.

Who signed the Form 4 on behalf of Horizon Kinetics?

The filing was signed by /s/ Jay Kesslen, attorney-in-fact on 22 Jul 2025.

Does this Form 4 imply a change in control of Texas Pacific Land?

No. The purchase was nominal and does not alter HKAM’s status as a 10% owner or affect control dynamics.