STOCK TITAN

[Form 4] Texas Pacific Land Corp Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

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Insider STEDDUM CHRIS
Role Chief Financial Officer
Sold 4,000 shs ($1.60M)
Type Security Shares Price Value
Sale Common Stock 730 $400.21 $292K
Sale Common Stock 100 $401.18 $40K
Sale Common Stock 3,170 $400.25 $1.27M
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
holding Restricted Stock Units -- -- --
Holdings After Transaction: Common Stock — 12,140 shares (Direct, null); Restricted Stock Units — 2,079 shares (Direct, null)
Footnotes (1)
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.98, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.77, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $401.05 to $401.34, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote. Each restricted stock unit ("RSU") has a value equal to one share of common stock. All of the RSUs reported vest on February 13, 2027. Each RSU has a value equal to one share of common stock. Of such RSUs, 795 vest on February 15 of each of 2027 and 2028. Each RSU has a value equal to one share of common stock. Of such RSUs, 917 vest on February 15, 2027 and 918 vest on February 15 of each of 2028 and 2029.
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SEC Form 4
FORM 4UNITED 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).
X
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*
STEDDUM CHRIS

(Last)(First)(Middle)
2699 HOWELL STREET, SUITE 800

(Street)
DALLAS TEXAS 75204

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026S(1)3,170D$400.25(2)12,870D
Common Stock06/08/2026S(1)730D$400.21(3)12,140D
Common Stock06/08/2026S(1)100D$401.18(4)12,040D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(5) (5) (5)Common Stock2,0792,079D
Restricted Stock Units(6) (6) (6)Common Stock1,5901,590D
Restricted Stock Units(7) (7) (7)Common Stock2,7532,753D
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026.
2. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.98, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
3. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.77, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
4. The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $401.05 to $401.34, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
5. Each restricted stock unit ("RSU") has a value equal to one share of common stock. All of the RSUs reported vest on February 13, 2027.
6. Each RSU has a value equal to one share of common stock. Of such RSUs, 795 vest on February 15 of each of 2027 and 2028.
7. Each RSU has a value equal to one share of common stock. Of such RSUs, 917 vest on February 15, 2027 and 918 vest on February 15 of each of 2028 and 2029.
/s/ Micheal W. Dobbs, attorney-in-fact06/09/2026
** Signature of Reporting PersonDate
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)