Texas Pacific Land Corp (TPL) sees small insider share purchase by Horizon Kinetics
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a ten percent owner of Texas Pacific Land Corp, reported purchasing 1 share of common stock on July 20, 2026 at $416.47 per share, bringing its directly reported holdings to 3,263,679 shares. A footnote notes an amended Schedule 13D filed May 7, 2026 reporting beneficial ownership of 10,109,933 shares, with the Form 4 disclosure describing HKAM's pecuniary interest in those shares. The transaction was not reported as pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($416.47)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 1 | $416.47 | $416.47 |
Holdings After Transaction:
Common Stock — 3,263,679 shares (Direct)
Footnotes (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: $416.47 per share
Direct holdings after trade: 3,263,679 shares
+2 more
5 metrics
Shares purchased
1 share
Common stock purchased on July 20, 2026
Purchase price
$416.47 per share
Price paid for the 1 share of common stock
Direct holdings after trade
3,263,679 shares
Total common shares directly held by Horizon Kinetics after the transaction
Beneficial ownership
10,109,933 shares
Shares reported beneficially owned on amended Schedule 13D filed May 7, 2026
Rule 10b5-1 status
Not pursuant to Rule 10b5-1 plan
Document-level checkbox for Rule 10b5-1 plans was unchecked
Key Terms
Schedule 13D, pecuniary interest, Rule 10b5-1, 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.
pecuniary interest financial
"The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D"
Rule 10b5-1 regulatory
"The transaction was not reported as pursuant to a Rule 10b5-1 trading plan"
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.
ten percent owner regulatory
"Horizon Kinetics Asset Management LLC is identified as a ten percent owner"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Horizon Kinetics report for TPL?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land Corp common stock on July 20, 2026 at $416.47 per share, a very small addition relative to its existing multi-million share holdings.
What level of beneficial ownership in TPL does Horizon Kinetics disclose?
An amended Schedule 13D filed by Horizon Kinetics Asset Management LLC on May 7, 2026 reported beneficial ownership of 10,109,933 shares of Texas Pacific Land Corp. The Form 4 further describes its pecuniary interest in these shares.