[Form 4] Texas Pacific Land Corporation Insider Trading Activity

Rhea-AI Filing Summary

Eric L. Oliver, a director of Texas Pacific Land Corporation (TPL), reported insider purchases on Form 4. The filings show two open-market purchases: 100 shares on 08/14/2025 at $915 per share and 100 shares on 08/15/2025 at $895 per share. After the 08/14 purchase, the report shows 393,400 shares beneficially owned and after the 08/15 purchase 393,500 shares beneficially owned, held indirectly through SoftVest entities. Additional indirect holdings include 6,750 shares through Debeck entities and 1,050 shares held in trusts for grandchildren, with Mr. Oliver having voting/dispositive power as described in the footnotes.

Positive

• Insider purchases disclosed: Two open-market purchases (100 shares on 08/14/2025 at $915 and 100 shares on 08/15/2025 at $895) were reported.
• Clear ownership disclosure: Footnotes explain indirect holdings via SoftVest entities, Debeck entities, and family trusts, clarifying voting and pecuniary interests.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director Eric Oliver made two small open-market purchases increasing reported indirect holdings to 393,500 shares.

The Form 4 discloses routine insider purchases: 100 shares at $915 on 08/14/2025 and 100 shares at $895 on 08/15/2025. Most shares are held indirectly via SoftVest LP and affiliated entities where Mr. Oliver is a managing member and may share voting/dispositive power. Separate holdings are held through entities he controls and trusts for beneficiaries, where he disclaims pecuniary interest for certain holdings. The filing is a standard Section 16 disclosure and does not include derivative transactions or other material corporate events.

Corporate Governance Expert

TL;DR: Disclosure clarifies indirect ownership structure and voting/dispositive arrangements without indicating material changes to control.

The report clearly attributes the 393,500 reported beneficial shares primarily to SoftVest LP and related managers, with explanatory footnotes outlining voting and pecuniary-interest disclaimers. The filing confirms Mr. Oliver's role as a director and as managing member of the general partner, and it properly separates indirect holdings from personally owned shares held via Debeck entities and trusts. No amendments or unusual transactions beyond two small purchases are reported.

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

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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^*

OLIVER ERIC L

(Last) (First) (Middle)

400 PINE STREET

SUITE 1010

(Street)

ABILENE TX 79601

(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)
08/14/2025

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								1,089	D
Common Stock	08/14/2025		P		100	A	$915	393,400	I	See Footnote(1)
Common Stock	08/15/2025		P		100	A	$895	393,500	I	See Footnote(1)
Common Stock								6,750	I	See Footnote(2)
Common Stock								1,050	I	See Footnote(3)

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. Represents shares of Common Stock held by SoftVest, L.P., a Delaware limited partnership ("SoftVest LP"). The general partner of SoftVest LP is SoftVest GP I, LLC, a Delaware limited liability company ("SV GP"). SoftVest Advisors, LLC, a Delaware limited liability company ("SoftVest Advisors") is investment manager of SoftVest LP. Mr. Oliver is the managing member of SV GP. SoftVest LP, SoftVest Advisors and Mr. Oliver may be deemed to share voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims beneficial ownership of the shares of Common Stock held by SoftVest LP for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except for his pecuniary interest therein.

2. Represents shares of Common Stock owned by Debeck LLC and Debeck Properties LP, which Mr. Oliver controls. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock, but Mr. Oliver disclaims any pecuniary interest therein.

3. Represents shares of Common Stock held by trusts administered for the benefit of Mr. Oliver's grandchildren. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims any pecuniary interest in such shares of Common Stock.

Remarks:

None of SoftVest LP, SV GP or SoftVest Advisors shall be deemed a director by deputization or subject to Section 16 of the Exchange Act.

	/s/ Micheal W. Dobbs, attorney-in-fact	08/18/2025
	** 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 transactions did Eric L. Oliver report for TPL?

He reported two purchases: 100 shares on 08/14/2025 at $915 and 100 shares on 08/15/2025 at $895.

How many TPL shares does Eric L. Oliver beneficially own after these transactions?

Reported beneficial ownership: 393,500 shares following the 08/15/2025 transaction (per the Form 4).

Are Mr. Oliver's holdings direct or indirect according to the Form 4?

Mostly indirect: The bulk of the reported shares are held indirectly through SoftVest LP and affiliated entities; additional shares are held via Debeck entities and trusts.

Does Mr. Oliver claim a pecuniary interest in the shares held by SoftVest LP?

No: He disclaims beneficial ownership of the shares held by SoftVest LP for Section 16 purposes except for his pecuniary interest; other disclaimers apply to certain entities and trusts as noted.

Were any derivative securities reported in this Form 4?

No derivatives reported: Table II contains no derivative transactions or holdings in this filing.