Texas Pacific Land (NYSE: TPL) holder lifts direct stake to 3.24M

Rhea-AI Filing Summary

Texas Pacific Land Corp (TPL) reported that major shareholder Horizon Kinetics Asset Management LLC, a ten percent owner, purchased 1 share of common stock on August 21, 2026 at $381.51 per share in an open-market or private transaction. Following this trade, Horizon Kinetics directly holds 3,244,015 shares of TPL common stock. A related footnote states that on May 7, 2026, Horizon Kinetics reported beneficial ownership of 10,109,933 shares on an amended Schedule 13D, with its pecuniary interest in those shares described in that filing.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($381.51)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$381.51	$381.51

Holdings After Transaction: Common Stock — 3,244,015 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: $381.51 per share Direct holdings after transaction: 3,244,015 shares +2 more

5 metrics

Shares purchased 1 share of Common Stock Non-derivative purchase on August 21, 2026

Purchase price per share $381.51 per share Price paid for the 1 share purchased on August 21, 2026

Direct holdings after transaction 3,244,015 shares Total Texas Pacific Land Corp common shares directly owned by Horizon Kinetics after the trade

Beneficial ownership reported on Schedule 13D 10,109,933 shares Beneficial ownership reported by Horizon Kinetics on amended Schedule 13D filed May 7, 2026

Number of buy transactions 1 transaction Single reported purchase of common stock in this Form 4

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

"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"

ten percent owner regulatory

"is_ten_percent_owner": 1"

FAQ

What insider transaction did TPL disclose in this Form 4?

The filing reports that Horizon Kinetics Asset Management LLC purchased 1 share of Texas Pacific Land Corp common stock on August 21, 2026 at $381.51 per share in a reported open-market or private transaction.

Who is the reporting person in Texas Pacific Land Corp (TPL)'s Form 4?

The reporting person is Horizon Kinetics Asset Management LLC, identified as a ten percent owner of Texas Pacific Land Corp. It is not listed as a director or officer of TPL in this filing.

How many TPL shares does Horizon Kinetics directly own after this transaction?

After the August 21, 2026 purchase, Horizon Kinetics Asset Management LLC directly holds 3,244,015 shares of Texas Pacific Land Corp common stock, as reported in the Form 4 post-transaction holdings field.

What price was paid per share in Horizon Kinetics' TPL stock purchase?

Horizon Kinetics Asset Management LLC paid $381.51 per share for 1 share of Texas Pacific Land Corp common stock in the reported transaction dated August 21, 2026.

What total beneficial ownership in TPL does Horizon Kinetics reference in the footnote?

A footnote states that on May 7, 2026, Horizon Kinetics Asset Management LLC filed an amended Schedule 13D reporting beneficial ownership of 10,109,933 shares of Texas Pacific Land Corp, with the extent of its pecuniary interest described in that Schedule 13D.

Was the TPL Form 4 transaction under a Rule 10b5-1 trading plan?

The document-level checkbox for Rule 10b5-1 plans is unchecked (false), and the footnote does not state that the August 21, 2026 purchase was made pursuant to a Rule 10b5-1 trading plan.

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 08/24/2026 - 03:16 PM Accepted by SEC EDGAR 08/24/2026 - 03:15 PM 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)
08/21/2026

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	08/21/2026		P		1	A	$381.51	3,244,015(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	08/24/2026
	** 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)