Horizon Kinetics buys Texas Pacific Land share

Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp, reported purchasing 1 share of common stock at $345.10 on August 10, 2026.

Rhea-AI Filing Summary

Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp, reported purchasing 1 share of common stock at $345.10 on August 10, 2026. Following this transaction, it reported 3,244,006 shares held directly, with a footnote referencing prior Schedule 13D beneficial ownership of 10,109,933 shares.

Insider Trade Summary

Net Buyer: 1 shares

Net Buy 1 txn

Insider HORIZON KINETICS ASSET MANAGEMENT LLC

Role 10% Owner

Bought 1 shs ($345.10)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	1	$345.10	$345.10

Holdings After Transaction: Common Stock — 3,244,006 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: $345.10 per share Direct holdings after transaction: 3,244,006 shares +1 more

4 metrics

Shares purchased 1 share Common stock purchased on August 10, 2026

Purchase price $345.10 per share Price for the 1 share of common stock acquired

Direct holdings after transaction 3,244,006 shares Shares of Texas Pacific Land Corp common stock held directly after the trade

Beneficial ownership 10,109,933 shares Reported in Horizon Kinetics’ amended Schedule 13D on May 7, 2026

Key Terms

Schedule 13D, beneficial ownership, pecuniary interest, Form 4

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"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Texas Pacific Land Corp (TPL) report?

Texas Pacific Land Corp reported that Horizon Kinetics Asset Management LLC purchased 1 share of its common stock on August 10, 2026 at a price of $345.10 per share, according to a Form 4 filing.

How many Texas Pacific Land Corp (TPL) shares does Horizon Kinetics hold after this Form 4?

After the reported transaction, Horizon Kinetics Asset Management LLC reported holding 3,244,006 shares of Texas Pacific Land Corp common stock directly, as shown in the post-transaction holdings field of the Form 4 filing.

What price did the insider pay for Texas Pacific Land Corp (TPL) shares?

The reported purchase was for 1 share of Texas Pacific Land Corp common stock at $345.10 per share. The filing labels this as a purchase in an open market or private transaction under transaction code P.

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

Yes. A footnote states that on May 7, 2026, Horizon Kinetics Asset Management LLC reported beneficial ownership of 10,109,933 shares of Texas Pacific Land Corp in an amended Schedule 13D filing.

Was the Texas Pacific Land Corp (TPL) insider trade under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative. There is no footnote stating that the August 10, 2026 purchase was made pursuant to a Rule 10b5-1 trading plan.

What does the Form 4 say about Horizon Kinetics’ pecuniary interest in TPL shares?

A footnote explains that Horizon Kinetics Asset Management LLC’s Schedule 13D reported 10,109,933 shares, and that the extent of its pecuniary interest in those shares is disclosed in that Schedule 13D.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2026 - 11:10 AM EDT 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)

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)
08/10/2026

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	08/10/2026		P		1	A	$345.1	3,244,006(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	08/11/2026
	** 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)