Texas Pacific Land (TPL) CAO sells 1,608 shares at $503 in Form 4

Rhea-AI Filing Summary

Texas Pacific Land Corp Chief Accounting Officer Stephanie Buffington reported an open-market sale of common stock. She sold 1,608 shares of common stock at $503.00 per share on February 24, 2026, and held 2,133 common shares directly afterward.

She also reported holdings of restricted stock units (RSUs), which each convert into one share of common stock. Reported RSU balances were 864, 516, and 938 units, with footnotes stating that these RSUs vest on specific future dates in February 2027, 2028, and 2029.

Insider Trade Summary

Net Seller: 1,608 shares ($808,824)

Net Sell 4 txns

Insider BUFFINGTON STEPHANIE

Role Chief Accounting Officer

Sold 1,608 shs ($809K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,608	$503.00	$809K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Common Stock — 2,133 shares (Direct); Restricted Stock Units — 864 shares (Direct)

Footnotes (1)

1. Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. Each RSU has a value equal to one share of common stock. All such RSUs vest on February 13, 2027. Each RSU has a value equal to one share of common stock. Of such RSUs, 258 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, 312 vest on February 15, 2027 and 313 vest on February 15 of each of 2028 and 2029.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/25/2026 - 05:31 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^*

BUFFINGTON STEPHANIE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		S		1,608	D	$503	2,133	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
Restricted Stock Units	(1)							(1)	(1)	Common Stock	864		864	D
Restricted Stock Units	(2)							(2)	(2)	Common Stock	516		516	D
Restricted Stock Units	(3)							(3)	(3)	Common Stock	938		938	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. Each RSU has a value equal to one share of common stock. All such RSUs vest on February 13, 2027.

2. Each RSU has a value equal to one share of common stock. Of such RSUs, 258 vest on February 15 of each of 2027 and 2028.

3. Each RSU has a value equal to one share of common stock. Of such RSUs, 312 vest on February 15, 2027 and 313 vest on February 15 of each of 2028 and 2029.

Remarks:

	/s/ Micheal W. Dobbs, attorney-in-fact	02/25/2026
	** 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?

Texas Pacific Land Corp reported that Chief Accounting Officer Stephanie Buffington sold 1,608 shares of common stock in an open-market transaction at $503.00 per share, and disclosed updated post-transaction share and restricted stock unit holdings in her Form 4 filing.

How many Texas Pacific Land (TPL) shares did the CAO sell and at what price?

The Chief Accounting Officer sold 1,608 shares of Texas Pacific Land common stock at $503.00 per share. This open-market sale was reported as a non-derivative transaction dated February 24, 2026, and left her with 2,133 common shares directly owned afterward.

How many Texas Pacific Land (TPL) shares does the insider hold after the sale?

After selling 1,608 shares, the insider directly holds 2,133 shares of Texas Pacific Land common stock. This figure reflects her ownership immediately following the reported open-market sale on February 24, 2026, as disclosed in the Form 4 transaction details.

What restricted stock units (RSUs) does the Texas Pacific Land (TPL) insider hold?

The filing reports RSU holdings of 864, 516, and 938 units, each equal to one share of common stock. Footnotes explain that these RSUs vest on specified dates in February 2027, 2028, and 2029, providing potential future share delivery to the insider.

When do the Texas Pacific Land (TPL) RSUs reported by the insider vest?

Footnotes state that one RSU grant vests fully on February 13, 2027. Other RSUs vest in tranches, including 258 units on February 15 of 2027 and 2028, and 312 units in 2027 plus 313 units on February 15 of 2028 and 2029.

Is the Texas Pacific Land (TPL) insider transaction a buy or sell?

The Form 4 filing shows a sell transaction. Chief Accounting Officer Stephanie Buffington executed an open-market sale of 1,608 shares of Texas Pacific Land common stock, coded as a sale in open market or private transaction, with no corresponding purchase reported.