Texas Pacific Land (NYSE: TPL) holder buys 1 share at $375

Rhea-AI Filing Summary

Texas Pacific Land Corp (TPL) reported that major shareholder HORIZON KINETICS ASSET MANAGEMENT LLC purchased 1 share of common stock on August 26, 2026 at $375.00 per share. Following this transaction, the reporting holder directly owns 3,244,018 shares of Texas Pacific Land common stock.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($375.00)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$375.00	$375.00

Holdings After Transaction: Common Stock — 3,244,018 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 of Common Stock Purchase price per share: $375.0000 per share Shares owned following transaction: 3,244,018 shares +2 more

5 metrics

Shares purchased 1 share of Common Stock Non-derivative purchase on August 26, 2026

Purchase price per share $375.0000 per share Open-market or private transaction on August 26, 2026

Shares owned following transaction 3,244,018 shares Direct ownership after the August 26, 2026 purchase

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

Net buy shares in this Form 4 1 share Net effect across all reported transactions

Key Terms

ten percent owner, Schedule 13D, pecuniary interest, Rule 10b5-1

4 terms

ten percent owner regulatory

"reporting person is marked as a ten percent owner"

Schedule 13D regulatory

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

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.

pecuniary interest financial

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

Rule 10b5-1 regulatory

"aff_10b5_one field reflects the Rule 10b5-1 checkbox"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did TPL disclose in this Form 4?

TPL disclosed that HORIZON KINETICS ASSET MANAGEMENT LLC, a ten percent owner, purchased 1 share of Texas Pacific Land common stock on August 26, 2026 in an open-market or private transaction.

At what price was the Texas Pacific Land (TPL) share purchased?

The reported transaction shows a purchase price of $375.00 per share for the single share of Texas Pacific Land common stock acquired on August 26, 2026.

How many TPL shares does the reporting holder own after this transaction?

After the reported purchase, HORIZON KINETICS ASSET MANAGEMENT LLC directly holds 3,244,018 shares of Texas Pacific Land common stock, as stated in the Form 4.

Is this Texas Pacific Land (TPL) Form 4 transaction part of a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported August 26, 2026 purchase of 1 TPL share is not affirmed as made pursuant to a Rule 10b5-1 trading plan.

What overall TPL stake did the filer report separately on Schedule 13D?

A related footnote states that on May 7, 2026, Horizon Kinetics Asset Management LLC filed a Schedule 13D amendment reporting beneficial ownership of 10,109,933 shares of Texas Pacific Land common stock.

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Available on EDGAR 08/27/2026 - 11:59 AM Accepted by SEC EDGAR 08/27/2026 - 11:59 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)
08/26/2026

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	08/26/2026		P		1	A	$375	3,244,018(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	08/27/2026
	** 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)