Horizon Kinetics adds Texas Pacific Land Corp (NYSE: TPL) share in Form 4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock on July 16, 2026 at $416.05 per share. Following this transaction, it reports 3,263,677 shares, with a footnote stating that on May 7, 2026 it filed a Schedule 13D amendment reporting beneficial ownership of 10,109,933 shares and that the extent of its pecuniary interest in those shares is disclosed here. The transaction was not reported as executed under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1 shares ($416)
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($416.05)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $416.05 | $416.05 |
Holdings After Transaction:
Common Stock — 3,263,677 shares (Direct)
Footnotes (1)
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Key Figures
Shares purchased: 1 share
Purchase price: $416.05 per share
Shares after transaction (pecuniary interest): 3,263,677 shares
+1 more
4 metrics
Shares purchased
1 share
Common stock bought on July 16, 2026
Purchase price
$416.05 per share
Price for the 1 share acquired on July 16, 2026
Shares after transaction (pecuniary interest)
3,263,677 shares
Total shares reported following the transaction, footnoted to pecuniary interest
Beneficial ownership per Schedule 13D
10,109,933 shares
Shares of beneficial ownership reported in a May 7, 2026 Schedule 13D amendment
Key Terms
Schedule 13D, beneficial ownership, pecuniary interest, Rule 10b5-1
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 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 the Schedule 13D are disclosed herein"
Rule 10b5-1 regulatory
"The transaction was not reported as executed under 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider trade did Horizon Kinetics report for Texas Pacific Land Corp (TPL)?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land Corp common stock on July 16, 2026 at $416.05 per share. The purchase was an open-market or private transaction reported on Form 4.
At what price did Horizon Kinetics buy Texas Pacific Land Corp (TPL) stock?
Horizon Kinetics bought the reported Texas Pacific Land Corp share at a price of $416.05 per share. The filing identifies this as the per-share purchase price for the 1 share acquired on July 16, 2026.
Was Horizon Kinetics’ TPL trade made under a Rule 10b5-1 plan?
The transaction was not reported as executed under a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox is unchecked, and no footnote indicates that a pre-arranged trading plan governed this purchase.
What is the relationship between Horizon Kinetics’ pecuniary interest and its beneficial ownership in TPL?
The filing reports 3,263,677 shares after the transaction, with a footnote stating this reflects Horizon Kinetics’ pecuniary interest. It also references a prior Schedule 13D amendment reporting 10,109,933 shares of beneficial ownership as of May 7, 2026.