Texas Pacific Land 10% holder buys 1 share at $349

A 10% owner of Texas Pacific Land Corp reported a small additional open-market share purchase, modestly increasing its directly held position.

Rhea-AI Filing Summary

Texas Pacific Land Corp (TPL) had a Form 4 filed by major shareholder Horizon Kinetics Asset Management LLC reporting a small open-market purchase of 1 share of common stock on September 21, 2026 at $348.98 per share. After this transaction, the filer reports 3,390,851 shares of Texas Pacific Land common stock held directly, while a related Schedule 13D previously reported beneficial ownership of additional shares.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($348.98)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$348.98	$348.98

Holdings After Transaction: Common Stock — 3,390,851 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 is disclosed herein.

Key Figures

Shares purchased: 1 share Purchase price per share: $348.98 per share Shares held after transaction: 3,390,851 shares +1 more

4 metrics

Shares purchased 1 share Common stock purchased on September 21, 2026

Purchase price per share $348.98 per share Price for the 1 share of common stock bought on September 21, 2026

Shares held after transaction 3,390,851 shares Directly held Texas Pacific Land Corp common stock following the transaction

Beneficial ownership in Schedule 13D 10,109,933 shares Shares of Texas Pacific Land common stock reported as beneficially owned in the 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 financial

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

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

"the reporting person is flagged as a ten percent owner of the issuer"

FAQ

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

What insider transaction did TPL report for Horizon Kinetics Asset Management LLC?

Horizon Kinetics Asset Management LLC reported a purchase of 1 share of Texas Pacific Land Corp common stock on September 21, 2026 at a price of $348.98 per share in an open-market or private transaction.

How many Texas Pacific Land Corp (TPL) shares does the filer hold after this transaction?

Following the reported purchase, Horizon Kinetics Asset Management LLC reports holding 3,390,851 shares of Texas Pacific Land Corp common stock directly, as shown in the post-transaction holdings column of the Form 4.

What price was paid per share in the latest TPL insider purchase?

The Form 4 states that Horizon Kinetics Asset Management LLC paid $348.98 per share for the 1 share of Texas Pacific Land Corp common stock purchased on September 21, 2026.

Is Horizon Kinetics Asset Management LLC a major holder of TPL?

Yes. The reporting person is identified as a ten percent owner of Texas Pacific Land Corp. A related Schedule 13D amendment filed on May 7, 2026 reported beneficial ownership of 10,109,933 shares, according to the Form 4 footnote.

Does the Form 4 mention Horizon Kinetics' pecuniary interest in TPL shares?

Yes. A footnote explains that an amendment to Horizon Kinetics Asset Management LLC’s Schedule 13D reported 10,109,933 shares beneficially owned and that the extent of its pecuniary interest in those shares is disclosed in that Schedule 13D.

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

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Available on EDGAR 09/22/2026 - 09:45 AM Accepted by SEC EDGAR 09/22/2026 - 09:45 AM 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)

1270 AVENUE OF THE AMERICAS

27TH FLOOR

(Street)

NEW YORK NEW YORK 10020

(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)
09/21/2026

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	09/21/2026		P		1	A	$348.98	3,390,851(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 is disclosed herein.

	/s/ Jay Kesslen, attorney-in-fact	09/22/2026
	** 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)