Director at Texas Pacific Land (NYSE: TPL) records offsetting share trades

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Texas Pacific Land Corp director Donna E. Epps reported offsetting trades in company common stock. On February 25, 2026, she sold 895 shares in an open-market transaction at about $510.08 per share and bought 895 shares in an open-market purchase at about $510.45 per share, leaving her net share position unchanged. A footnote states these transactions may be matchable under Section 16(b), notes that the purchase price exceeded the sale price so no profit was realized, and records her agreement to voluntarily disgorge to the company any profits from matchable transactions within less than six months of these trades.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider EPPS DONNA E

Role Director

Bought 895 shs ($457K)

Sold 895 shs ($457K)

Type	Security	Shares	Price	Value
Sale	Common Stock	895	$510.0808	$457K
Purchase	Common Stock	895	$510.45	$457K

Holdings After Transaction: Common Stock — 3,816 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/27/2026 - 09:23 AM

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^*

EPPS DONNA E

(Last)

(First)

(Middle)

C/O TEXAS PACIFIC LAND CORPORATION

2699 HOWELL STREET, SUITE 800

(Street)

DALLAS

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)
02/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/25/2026		S⁽¹⁾		895	D	$510.0808	3,816	D
Common Stock	02/25/2026		P⁽¹⁾		895	A	$510.45	2,921	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These transactions may be deemed to be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended. Because the purchase price exceeded the sale price for the transactions reported herein, no profit was realized by the reporting person. The reporting person has agreed to voluntarily disgorge to Texas Pacific Land Corporation (the "Issuer") any profits realized from matchable transactions occurring within less than six months of the reported transactions.

	/s/ Michael W. Dobbs, attorney-in-fact	02/27/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Texas Pacific Land (TPL) director Donna E. Epps report?

Donna E. Epps reported both a sale and a purchase of 895 shares of Texas Pacific Land common stock on February 25, 2026, through open-market transactions. The paired trades resulted in no net change to her overall share position, according to the Form 4 data.

Did the Texas Pacific Land (TPL) director profit from the reported Form 4 trades?

The filing states no profit was realized because the purchase price exceeded the sale price for the reported transactions. A footnote further notes that any profits from matchable transactions within less than six months will be voluntarily disgorged to Texas Pacific Land Corporation by the reporting person.

How many Texas Pacific Land (TPL) shares did the director buy and sell?

The director reported selling 895 shares and purchasing 895 shares of Texas Pacific Land common stock in separate open-market transactions. These equal share amounts mean the trades were offsetting, resulting in a neutral net share change based on the transaction summary in the Form 4.

What does the Section 16(b) reference mean in the Texas Pacific Land (TPL) Form 4?

The footnote explains the trades may be considered matchable under Section 16(b) of the Exchange Act. It also records that the director agreed to voluntarily disgorge to Texas Pacific Land Corporation any profits from matchable transactions occurring within less than six months of the reported trades.

Were the Texas Pacific Land (TPL) insider trades direct or indirect holdings?

The transactions are reported as direct ownership of Texas Pacific Land common stock, with the ownership code listed as “D” in the Form 4. No separate entity, trust, or partnership is identified in the footnotes as holding voting or investment authority over these specific shares.