Texas Pacific Land Corp (TPL) insider Horizon Kinetics reports small share purchase

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp, purchased 1 share of Common Stock on July 31, 2026 at $400.09 per share. Following this trade, it held 3,263,688 shares directly. A May 7, 2026 Schedule 13D amendment reported beneficial ownership of 10,109,933 shares. The transaction was not marked as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($400.09)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$400.09	$400.09

Holdings After Transaction: Common Stock — 3,263,688 shares (Direct)

Footnotes (1)

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 are disclosed herein.

Key Figures

Shares purchased: 1 share Purchase price per share: $400.09 Shares held directly after transaction: 3,263,688 shares +1 more

4 metrics

Shares purchased 1 share Common Stock transaction on July 31, 2026

Purchase price per share $400.09 Price paid for Common Stock on July 31, 2026

Shares held directly after transaction 3,263,688 shares Direct holdings of Horizon Kinetics Asset Management LLC after the reported trade

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

Key Terms

Schedule 13D, beneficial ownership, pecuniary interest, ten percent owner

4 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

"filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933"

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"

ten percent owner regulatory

"HORIZON KINETICS ASSET MANAGEMENT LLC ... is_ten_percent_owner"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 01:17 PM Accepted by SEC EDGAR 08/03/2026 - 01:16 PM Learn about SEC filing dates

FAQ

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

Horizon Kinetics Asset Management LLC reported buying 1 Texas Pacific Land Corp common share on July 31, 2026 at $400.09 per share. The trade increased its directly held position reported in this filing while leaving its broader beneficial ownership structure to the related Schedule 13D disclosure.

How many TPL shares does Horizon Kinetics hold directly after this Form 4 transaction?

After the July 31, 2026 purchase, Horizon Kinetics held 3,263,688 Texas Pacific Land Corp shares directly. This figure reflects only the shares reported in this Form 4 and is separate from the larger beneficial ownership position detailed in its Schedule 13D amendment.

What total beneficial ownership in Texas Pacific Land Corp (TPL) does Horizon Kinetics report?

In a May 7, 2026 amendment to its Schedule 13D, Horizon Kinetics Asset Management LLC reported beneficial ownership of 10,109,933 TPL shares. The Form 4 cross-references this filing to describe the extent of its pecuniary interest beyond the directly held shares shown here.

Was Horizon Kinetics’ Texas Pacific Land Corp (TPL) trade under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, indicating this reported transaction was not designated as occurring under a Rule 10b5-1 trading arrangement. No footnote states that the July 31, 2026 purchase was pre-planned under such a program.

What price did Horizon Kinetics pay per TPL share in its latest purchase?

For the July 31, 2026 transaction, Horizon Kinetics paid $400.09 per Texas Pacific Land Corp common share for the 1 share purchased. The price is reported on a per-share basis, with no indication of weighted averages or other price adjustments in the filing.

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)
07/31/2026

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	07/31/2026		P		1	A	$400.09	3,263,688(1)	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 are disclosed herein.

	/s/ Jay Kesslen, attorney-in-fact	08/03/2026
	** 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)