Texas Pacific Land holder may sell 58K shares

A 10% stockholder’s adviser filed Form 144 to allow client-directed open-market resales of Texas Pacific Land Corp common stock under Rule 144.

Rhea-AI Filing Summary

Texas Pacific Land Corp (TPL) is named as the issuer in a Form 144 filed for the potential resale of its common stock by Horizon Kinetics Asset Management LLC, identified as a 10% stockholder. Horizon Kinetics, acting as investment adviser to various managed accounts, lists multiple planned broker-assisted open-market sales and extensive recent sale activity under Rule 144. The adviser states it has no intention of making discretionary sales itself and will sell only in response to client direction and regulatory limits.

Key Figures

Broker instruction via ITGI Virtu: 58,000 shares; $20,491,647.00 aggregate value Broker instruction via Piper Sandler & Co: 14,123 shares; $5,158,708.00 aggregate value Recent sale on June 26, 2026: 4,873 shares; $1,935,729.08 proceeds +2 more

5 metrics

Broker instruction via ITGI Virtu 58,000 shares; $20,491,647.00 aggregate value Common stock trades listed with ITGI Virtu for NYSE on September 17, 2026

Broker instruction via Piper Sandler & Co 14,123 shares; $5,158,708.00 aggregate value Common stock trades listed with Piper Sandler & Co for NYSE on September 17, 2026

Recent sale on June 26, 2026 4,873 shares; $1,935,729.08 proceeds Horizon Kinetics-managed account sale of common stock

Recent sale on July 1, 2026 4,714 shares; $2,003,707.88 proceeds Horizon Kinetics-managed account sale of common stock

Date of Notice September 17, 2026 Form 144 notice date for potential resales of Texas Pacific Land Corp common stock

Key Terms

Rule 144, 10% Stockholder, Open Market, Managed Accounts, +1 more

5 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

10% Stockholder financial

"Name of Person for Whose Account the Securities are To Be Sold ... 10% Stockholder"

Open Market financial

"Purchase | Open Market | | | 5121 | 03/14/2016 | Cash"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Managed Accounts financial

"investment advisor to various funds and accounts("Managed Accounts") that hold securities"

Managed accounts are collections of investments owned by an individual or institution but run day-to-day by a professional who buys, sells and allocates assets according to an agreed plan. They matter to investors because they provide tailored oversight, active risk control and potential tax efficiency—like hiring a personal chef to manage your diet—while fees and the manager’s skill directly affect returns.

regulatory limitations regulatory

"required to sell shares on behalf of the Managed Accounts in response to client direction and/or regulatory limitations"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does this Form 144 filing mean for Texas Pacific Land Corp (TPL)?

The filing gives notice that Horizon Kinetics Asset Management LLC, a 10% stockholder of Texas Pacific Land Corp, may resell common stock under Rule 144 through brokers in open-market transactions on behalf of its managed accounts.

Who is selling Texas Pacific Land Corp (TPL) shares in this Form 144?

The notice is filed for Horizon Kinetics Asset Management LLC, which acts as investment adviser to various managed accounts that hold TPL shares. It states it will sell shares in response to client direction and regulatory limitations, rather than at its own discretion.

How are the Texas Pacific Land Corp (TPL) shares expected to be sold?

The Form 144 lists planned open-market sales of common stock through several brokers, including ITGI Virtu, Piper Sandler & Co, and Fidelity Brokerage Services, with trades to be executed on the NYSE.

What quantities of TPL shares are associated with the broker instructions in this filing?

Examples include instructions for 58,000 shares with an associated value of $20,491,647.00 through ITGI Virtu and 14,123 shares with value $5,158,708.00 through Piper Sandler & Co, all tied to NYSE trading on September 17, 2026.

What recent sales of Texas Pacific Land Corp (TPL) stock does Horizon Kinetics report?

The filing lists numerous recent open-market sales by Horizon Kinetics-managed accounts, such as 4,873 shares sold on June 26, 2026 for $1,935,729.08 and 4,714 shares on July 1, 2026 for $2,003,707.88.

What does Horizon Kinetics say about its discretion over selling TPL shares?

Horizon Kinetics states it has no intention of making any discretionary sales of Texas Pacific Land Corp securities and is required to sell shares on behalf of managed accounts only when directed by clients and/or to comply with regulatory limitations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 09:02 AM Accepted by SEC EDGAR 09/17/2026 - 09:02 AM Learn about SEC filing dates

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	0001056823
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Texas Pacific Land Corp
SEC File Number	001-39804
Address of Issuer	2699 Howell Street Suite 800 Dallas TEXAS 75204
Phone	214-969-5530
Name of Person for Whose Account the Securities are To Be Sold	Horizon Kinetics Asset Management LLC
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	10% Stockholder

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 Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	250	74880.00	68974683	09/17/2026	NYSE
Common Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	9600	3340394.00	68974683	09/17/2026	NYSE
Common Stock	Piper Sandler & Co 1251 Avenue of the Americas New York NY 10020	500	111042.00	68974683	09/17/2026	NYSE
Common Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	4500	1205391.00	68974683	09/17/2026	NYSE
Common Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	2100	694013.00	68974683	09/17/2026	NYSE
Common Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	6000	2155093.00	68974683	09/17/2026	NYSE
Common Stock	ITGI Virtu 101 John F Kennedy Parkway 6th Floor Short Hills NJ 07078	58000	20491647.00	68974683	09/17/2026	NYSE
Common Stock	Piper Sandler & Co 1251 Avenue of the Americas New York NY 10020	14123	5158708.00	68974683	09/17/2026	NYSE
Common Stock	Fidelity Brokerage Services PO Box 770002 Cincinnati OH 45277	20	7305.00	68974683	09/17/2026	NYSE
Common Stock	Fidelity Brokerage Services PO Box 770002 Cincinnati OH 45277	15	5479.00	68974683	09/17/2026	NYSE
Common Stock	Fidelity Brokerage Services PO Box 770002 Cincinnati OH 45277	210	76707.00	68974683	09/17/2026	NYSE

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 Stock	03/14/2016	Purchase	Open Market			5121	03/14/2016	Cash
Common Stock	06/19/2009	Purchase	Open Market			10822	06/19/2009	Cash
Common Stock	01/06/2017	Purchase	Open Market			18000	01/06/2017	Cash
Common Stock	12/18/2013	Purchase	Open Market			38637	12/18/2013	Cash
Common Stock	09/28/2012	Purchase	Open Market			5192	09/28/2012	Cash
Common Stock	09/27/2018	Purchase	Open Market			54000	09/27/2018	Cash
Common Stock	02/04/2014	Purchase	Open Market			108000	02/04/2014	Cash
Common Stock	12/13/2010	Purchase	Open Market			14123	12/13/2010	Cash
Common Stock	03/15/2025	Purchase	Open Market			297	03/15/2025	Cash
Common Stock	12/31/2021	Purchase	Open Market			207	12/31/2021	Cash
Common Stock	09/29/2016	Purchase	Open Market			891	09/29/2016	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
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/15/2026	54	19969.17
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/16/2026	16	5717.08
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/17/2026	1014	362240.55
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/18/2026	2204	785498.37
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/22/2026	1179	417235.06
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/23/2026	1014	373312.75
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/24/2026	4014	1507233.74
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/25/2026	2514	975697.05
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/26/2026	4873	1935729.08
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/29/2026	2014	830603.68
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	06/30/2026	1524	665607.61
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/01/2026	4714	2003707.88
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/02/2026	109	43868.48
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/06/2026	3164	1290325.65
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/07/2026	2468	986952.98
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/08/2026	4014	1581214.82
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/09/2026	1237	494655.28
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/10/2026	1114	431055.22
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/13/2026	1364	556461.08
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/14/2026	2514	1028506.81
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/15/2026	2314	951068.31
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/16/2026	3979	1655280.32
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/17/2026	3394	1397515.47
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/20/2026	2454	1020334.59
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/21/2026	2364	983604.33
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/22/2026	2454	1055367.38
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/23/2026	2548	1082993.23
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/24/2026	1579	665665.97
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/27/2026	437	176816.85
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/28/2026	418	164589.04
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/29/2026	535	208550.64
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/30/2026	527	206330.54
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	07/31/2026	1314	531860.35
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/03/2026	1314	525909.37
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/04/2026	1451	580042.85
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/05/2026	471	181914.91
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/06/2026	313	111442.56
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/07/2026	613	217873.87
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/10/2026	678	238165.08
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/11/2026	329	117397.91
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/12/2026	626	219087.23
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/13/2026	616	213895.07
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/14/2026	823	295201.97
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/17/2026	888	318637.01
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/18/2026	821	295758.00
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/19/2026	713	264591.12
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/20/2026	591	217071.83
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/21/2026	413	157936.57
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/24/2026	741	274480.03
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/25/2026	647	242121.48
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/26/2026	668	250583.37
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/27/2026	603	220318.43
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/28/2026	1171	426244.84
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	08/31/2026	2130	783549.32
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/01/2026	788	290556.73
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/02/2026	1438	526339.32
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/03/2026	590	217039.33
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/04/2026	2213	799492.45
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/08/2026	743	281148.66
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/09/2026	333	125904.06
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/10/2026	90	33094.07
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/11/2026	111	40985.10
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/14/2026	95	35080.77
Horizon Kinetics Asset Management LLC 1270 Avenue of the Americas 27th Floor New York NY 10020	Common Stock	09/15/2026	91	33896.84

144: Remarks and Signature

Remarks	Horizon Kinetics Asset Management LLC ("HKAM") serves as the investment advisor to various funds and accounts("Managed Accounts") that hold securities of the Issuer. HKAM has no intention of making any discretionary sales of the Issuer's securities but is required to sell shares on behalf of the Managed Accounts in response to client direction and/or regulatory limitations. As a result of such instruction, HKAM may execute sales with other brokers than those listed that contain different tax lots.
Date of Notice	09/17/2026
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	/s/ Jay Kesslen
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)