[Form 4] Texas Pacific Land Corporation Insider Trading Activity

Rhea-AI Filing Summary

Insider transactions by Eric L. Oliver at Texas Pacific Land Corp (TPL) The Form 4 filed shows transactions dated 08/21/2025 for common stock by Eric L. Oliver, a director. The filing reports a disposition of 1,089 shares and a separate purchase of 100 shares at $881.27 each on that date. Following the reported transactions, the filing shows Mr. Oliver's indirect and controlled holdings include 393,600 shares held by SoftVest LP, 6,750 shares owned by Debeck LLC/Debeck Properties LP, and 1,050 shares held in trusts for his grandchildren. Footnotes explain indirect ownership structures and disclaimers of pecuniary interest.

Insights

Financial Analyst

TL;DR: Director Eric Oliver sold 1,089 shares and bought 100 shares at $881.27 on 08/21/2025; significant indirect holdings remain.

The Form 4 documents routine insider activity: a small net sale by the reporting person alongside a purchase of 100 shares at a disclosed price. The filing makes clear substantial indirect holdings are controlled through SoftVest entities and related vehicles, with specific disclaimers of pecuniary interest for some positions. This disclosure informs ownership concentration but does not present financial results or forward-looking information.

Corporate Governance Expert

TL;DR: Transaction disclosures clarify voting and dispositive arrangements and include customary disclaimers regarding pecuniary interest.

The exhibit and footnotes delineate control and voting arrangements: SoftVest LP, its GP and advisor, and Mr. Oliver may share voting and dispositive power over 393,600 shares, while separate entities and trusts reflect additional controlled positions. The form includes standard disclaimers that limit beneficial ownership assertions for Section 16 purposes. Signature by an attorney-in-fact is documented.

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)
08/21/2025

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	08/21/2025		P		100	A	$881.27	393,600	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	08/22/2025
	** 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 transactions did Eric L. Oliver report on the Form 4 for TPL?

He reported a disposition of 1,089 shares and a purchase of 100 shares at $881.27 on 08/21/2025.

How many TPL shares does SoftVest LP reportedly hold according to the filing?

The filing reports SoftVest LP-related holdings of 393,600 shares (indirect).

Does Mr. Oliver directly own all the shares reported on the Form 4?

No. The filing shows indirect holdings via SoftVest LP, ownership through Debeck entities (6,750 shares), and trusts (1,050 shares); disclaimers address pecuniary interest.

When was the Form 4 signed and by whom?

The filing is signed by Micheal W. Dobbs as attorney-in-fact and dated 08/22/2025.

Is there any indication these transactions were made under a 10b5-1 plan?

The check-box language for Rule 10b5-1 plans appears on the form, but the filing does not explicitly state that these transactions were made pursuant to a 10b5-1 plan.