Texas Pacific Land holder reports 1-share stock purchase

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp, reported buying 1 share of common stock on August 3, 2026 at $392.66 per share, bringing its directly reported holdings in this account to 3,244,001 shares.

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp, reported buying 1 share of common stock on August 3, 2026 at $392.66 per share, bringing its directly reported holdings in this account to 3,244,001 shares.

Footnotes state that HKAM had previously reported beneficial ownership of 10,109,933 shares in a Schedule 13D amendment filed May 7, 2026, and that the current change reflects a reduction of 19,688 shares delivered without consideration as part of a client in-kind redemption.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($392.66)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	1	$392.66	$392.66

Holdings After Transaction: Common Stock — 3,244,001 shares (Direct)

Footnotes (2)

1. F1. On May 7, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D is disclosed herein.
2. F2. The change represents a reduction of 19,688 shares delivered without consideration as part of a client in-kind redemption.

Key Figures

Shares purchased: 1 share Purchase price: $392.66 per share Shares held after transaction: 3,244,001 shares +3 more

6 metrics

Shares purchased 1 share Common stock bought on August 3, 2026

Purchase price $392.66 per share Price for the 1-share common stock purchase

Shares held after transaction 3,244,001 shares Directly reported common stock holdings following the trade

Beneficial ownership per Schedule 13D 10,109,933 shares Beneficial ownership reported in Schedule 13D amendment filed May 7, 2026

In-kind redemption reduction 19,688 shares Shares delivered without consideration as part of a client in-kind redemption

Transaction date 2026-08-03 Date of reported common stock purchase

Key Terms

Schedule 13D, beneficial ownership, pecuniary interest, in-kind redemption, +1 more

5 terms

Schedule 13D regulatory

"filed an amendment to its Schedule 13D wherein it reported beneficial ownership"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficial ownership regulatory

"wherein it reported beneficial ownership of 10,109,933 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"The extent of HKAM's pecuniary interest in the shares reported"

in-kind redemption financial

"delivered without consideration as part of a client in-kind redemption"

ten percent owner regulatory

"Horizon Kinetics Asset Management LLC is reported as a ten percent owner"

FAQ

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

What insider transaction did Horizon Kinetics report for Texas Pacific Land Corp (TPL)?

Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land common stock on August 3, 2026 at $392.66 per share, increasing its directly reported holdings in this account to 3,244,001 shares after the transaction.

How many Texas Pacific Land (TPL) shares does Horizon Kinetics report holding after this Form 4?

After the reported transaction, Horizon Kinetics Asset Management LLC shows 3,244,001 shares of Texas Pacific Land common stock held directly in this account, based on the post-transaction share amount disclosed in the ownership table for this Form 4 filing.

What prior beneficial ownership did Horizon Kinetics disclose for Texas Pacific Land (TPL)?

A Schedule 13D amendment filed on May 7, 2026 reported Horizon Kinetics Asset Management LLC’s beneficial ownership of 10,109,933 shares of Texas Pacific Land, as referenced in the Form 4 footnotes describing its broader beneficial ownership position.

What is the 19,688-share change mentioned in the Texas Pacific Land (TPL) Form 4 footnote?

The footnotes explain that the change in Horizon Kinetics Asset Management LLC’s reported beneficial ownership reflects a reduction of 19,688 shares delivered without consideration as part of a client in-kind redemption, rather than an ordinary market sale.

Was the Horizon Kinetics transaction in Texas Pacific Land (TPL) under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked, so the reported 1-share purchase of Texas Pacific Land common stock was not identified as being executed under a pre-arranged Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/04/2026 - 12:48 PM Accepted by SEC EDGAR 08/04/2026 - 12:48 PM Learn about SEC filing dates

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 NEW YORK 10016

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/03/2026		P		1	A	$392.66	3,244,001(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 May 7, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D is disclosed herein.

2. The change represents a reduction of 19,688 shares delivered without consideration as part of a client in-kind redemption.

	/s/ Jay Kesslen, attorney-in-fact	08/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)