Texas Pacific Land (TPL) director Rhys J. Best granted 554 shares as board retainer

Rhea-AI Filing Summary

Texas Pacific Land Corp director Rhys J. Best reported a stock grant related to board service. On January 5, 2026, he acquired 554 shares of common stock at a stated price of $0.00 per share, representing the stock portion of his annual retainer for the year of board service commencing January 1, 2026. Following this grant, he beneficially owns 3,299 shares of Texas Pacific Land common stock in direct ownership form. The share amounts reflect a 3-for-1 stock split that was effected on December 22, 2025.

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
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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^*

BEST RHYS J

(Last) (First) (Middle)

C/O TEXAS PACIFIC LAND CORPORATION

2699 HOWELL STREET, SUITE 800

(Street)

DALLAS TX 75204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Texas Pacific Land Corp [ TPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/05/2026		A		554(1)	A	$0.00	3,299	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. Constitutes stock portion of annual retainer for the year of board service by the Reporting Person commencing January 1, 2026.

Remarks:

All share amounts reflect the 3-for-1 stock split effected on December 22, 2025.

	/s/ Micheal W. Dobbs, attorney-in-fact	01/07/2026
	** 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.

FAQ

What insider transaction did Texas Pacific Land Corp (TPL) report for Rhys J. Best?

Texas Pacific Land Corp reported that director Rhys J. Best acquired 554 shares of common stock on January 5, 2026 as part of his annual board retainer.

Was the Rhys J. Best stock transaction in TPL a purchase or a grant?

The filing shows an acquisition of 554 common shares at a price of $0.00 per share, described as the stock portion of the annual retainer for his board service, indicating a compensation-related grant rather than an open-market purchase.

How many Texas Pacific Land (TPL) shares does Rhys J. Best own after this transaction?

After the reported grant, Rhys J. Best beneficially owns 3,299 shares of Texas Pacific Land Corp common stock, held in direct ownership form.

What is the relationship of Rhys J. Best to Texas Pacific Land Corp (TPL)?

According to the filing, Rhys J. Best is a director of Texas Pacific Land Corp and is not listed as an officer or 10% owner.

How does the 3-for-1 stock split affect the reported TPL share amounts?

The filing notes that all share amounts, including the 554-share grant and the 3,299 shares owned after the transaction, reflect the 3-for-1 stock split that was effected on December 22, 2025.

Is the Texas Pacific Land (TPL) insider Form 4 transaction linked to a Rule 10b5-1 plan?

The form includes a checkbox for Rule 10b5-1 plans, but the provided content does not indicate that this specific director stock retainer grant was made under such a plan.