Horizon Kinetics (NYSE: TPL) reports small Texas Pacific Land share purchase

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp, purchased 1 share of common stock on August 5, 2026 at $385.95 per share. Following this trade, it directly held 3,244,003 shares of Texas Pacific Land.

In a Schedule 13D amendment dated May 7, 2026, Horizon Kinetics reported beneficial ownership of 10,109,933 shares, indicating additional interests in Texas Pacific Land beyond the directly held position reported here.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($385.95)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$385.95	$385.95

Holdings After Transaction: Common Stock — 3,244,003 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 Purchase price: $385.95 per share Direct holdings after transaction: 3,244,003 shares +1 more

4 metrics

Shares purchased 1 share Common Stock acquired on August 5, 2026

Purchase price $385.95 per share Price for the 1 share of Common Stock bought on August 5, 2026

Direct holdings after transaction 3,244,003 shares Texas Pacific Land common stock directly held by Horizon Kinetics after the reported trade

Beneficial ownership per Schedule 13D 10,109,933 shares Beneficial ownership reported in a Schedule 13D amendment dated May 7, 2026

Key Terms

Schedule 13D, beneficial ownership, pecuniary interest, more-than-10% 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 financial

"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"

more-than-10% owner regulatory

"reporting person is identified as a more-than-10% owner of the issuer"

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 08/06/2026 - 11:35 AM Accepted by SEC EDGAR 08/06/2026 - 11:34 AM Learn about SEC filing dates

FAQ

What insider transaction involving TPL did Horizon Kinetics report?

Horizon Kinetics Asset Management reported buying 1 share of Texas Pacific Land Corp (TPL) common stock on August 5, 2026 at $385.95 per share, as part of its ongoing disclosure of significant ownership in the company.

At what price did Horizon Kinetics buy the latest TPL share?

The reported Texas Pacific Land (TPL) purchase was executed at $385.95 per share. This single-share transaction slightly increased Horizon Kinetics Asset Management’s direct position while maintaining transparency around its trading in the company’s common stock.

How many TPL shares does Horizon Kinetics directly hold after this trade?

After the August 5, 2026 purchase, Horizon Kinetics Asset Management directly holds 3,244,003 shares of Texas Pacific Land (TPL) common stock. This figure reflects only its direct holdings, not its broader beneficial ownership reported on Schedule 13D.

What is Horizon Kinetics’ total beneficial ownership in TPL?

In a Schedule 13D amendment dated May 7, 2026, Horizon Kinetics Asset Management reported beneficial ownership of 10,109,933 shares of Texas Pacific Land (TPL). This larger figure includes interests beyond the directly held 3,244,003 shares disclosed in the Form 4.

Is Horizon Kinetics considered a major shareholder of Texas Pacific Land (TPL)?

Yes. Horizon Kinetics Asset Management is identified as a more-than-10% owner of Texas Pacific Land (TPL), supported by its reported 10,109,933 shares of beneficial ownership on Schedule 13D and its multi-million-share direct stake.

Does this Form 4 for TPL indicate a buying or selling trend by Horizon Kinetics?

This specific Form 4 shows a buying transaction: Horizon Kinetics purchased 1 share of Texas Pacific Land (TPL). However, it represents a very small change relative to its 3,244,003-share direct position and broader beneficial holdings.

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)

470 PARK AVENUE SOUTH

4TH FLOOR SOUTH

(Street)

NEW YORK NEW YORK 10016

(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)
08/05/2026

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	08/05/2026		P		1	A	$385.95	3,244,003(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	08/06/2026
	** 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)