The board approved the Fourth Amended and Restated Bylaws to add a proxy access right and make conforming, clarifying and administrative changes. Under the new bylaws, a stockholder or a group of up to 20 stockholders that has continuously owned at least 3% of outstanding common stock for three consecutive years may nominate the greater of two or 25% of the board, provided nominees meet the bylaws' eligibility, procedural, content and notice requirements. Nomination notices generally must be delivered between the close of business on the 150th day and the 120th day before the anniversary of the prior year’s annual meeting, with specified exceptions if meeting timing changes. The full bylaw text is filed as Exhibit 3.1.
A Form 4 filed on 08-08-2025 discloses that 10% owner Horizon Kinetics Asset Management LLC (HKAM) purchased 1 share of Texas Pacific Land Corp. (TPL) common stock on 08-07-2025 at $899.77 per share. The “P” transaction code indicates an open-market buy. After the immaterial transaction, HKAM’s direct holdings rise to 1,163,970 shares. No derivative securities were reported, and there were no sales or other changes in ownership structure. The filing contains no operational or financial guidance; it solely updates insider ownership.
Texas Pacific Land Corp. (TPL) – Form 4, filed 07 Aug 2025: Horizon Kinetics Asset Management LLC (HKAM), a 10% owner, reported buying 1 share of TPL common stock on 06 Aug 2025 at $955.47 per share. Following this de-minimis purchase, HKAM now directly holds 1,163,969 shares. No derivative securities were involved.
The filing references HKAM’s 18 Dec 2024 Schedule 13D amendment, which disclosed beneficial ownership of 3,578,173 shares, plus Murray Stahl’s 7,848 directly held shares and an indirect interest in ~156,083 shares. The Form 4 clarifies that Mr. Stahl exercises no investment discretion over the issuer’s securities. The report is signed by Jay Kesslen as attorney-in-fact. No other insider activity, option grants, or sales were disclosed.
Summary: Texas Pacific Land Corporation filed a Form 8-K dated August 6, 2025, furnishing a press release (Exhibit 99.1) that announces financial results for the three and six months ended June 30, 2025, released to the press on August 6, 2025. The Company also posted an updated investor presentation (Exhibit 99.2) to its website, which includes a link to a video featuring CEO Tyler Glover. The Item 7.01 disclosure and Exhibits 99.1 and 99.2 are furnished and are not deemed "filed" under Section 18 of the Exchange Act. The report is signed by CFO Chris Steddum on August 6, 2025. The Company’s common stock trades on the NYSE under the symbol TPL.
On 08/05/2025, Horizon Kinetics Asset Management LLC (HKAM) — a 10% owner of Texas Pacific Land Corp (TPL) — reported the purchase of 1 share of TPL common stock at $950.14 per share. Following the transaction, HKAM’s direct beneficial ownership increased to 1,163,968 shares. No derivative securities were involved and there were no other changes to ownership structure disclosed. Given the de-minimis size of the trade relative to HKAM’s existing position, the filing does not indicate a material shift in insider sentiment or corporate outlook.
Horizon Kinetics Asset Management LLC (HKAM), a greater-than-10 % owner of Texas Pacific Land Corp. (TPL), filed a Form 4 disclosing a very small additional purchase. On 01 Aug 2025 HKAM bought 1 common share at $943.87. After the transaction the reporting person shows 1,163,966 shares held directly under Section 16. A footnote recalls HKAM’s broader Schedule 13D position of 3,578,173 shares, including indirect holdings linked to Chairman Murray Stahl, but only the directly held 1.164 million shares appear in this filing.
The <≈$1 k> outlay is immaterial relative to HKAM’s stake and TPL’s market value, so the filing does not alter ownership structure or valuation. However, it confirms the firm’s continued classification as a 10 % insider and signals ongoing—if symbolic—accumulation.
On 31 July 2025, Horizon Kinetics Asset Management LLC (HKAM) – listed as both a Director and 10% owner of Texas Pacific Land Corp (TPL) – filed a Form 4 reporting the purchase of 1 share of TPL common stock at $979.33. Following the transaction, HKAM now shows 1,163,965 shares held directly.
A footnote reminds investors that HKAM’s last Schedule 13D amendment (18 Dec 2024) cited beneficial ownership of 3,578,173 shares; the current Form 4 discloses only the portion in which HKAM has a direct pecuniary interest. It also clarifies that Murray Stahl, though associated with HKAM, does not exercise investment discretion over these securities.
The single-share purchase is immaterial to HKAM’s overall position and to TPL’s float, yet it keeps the insider-ownership record current. Such filings can nonetheless be monitored for trend shifts in insider sentiment.
Form 4 Overview – Texas Pacific Land Corp. (TPL)
- Reporting person: Horizon Kinetics Asset Management LLC (HKAM), classified as a 10%+ owner.
- Transaction: On 07/30/2025 HKAM purchased 1 share of TPL common stock at $984.37 (transaction code “P”).
- Post-trade beneficial ownership: 1,163,964 shares held directly.
- Context: HKAM’s last Schedule 13D amendment (18 Dec 2024) disclosed total beneficial ownership of 3,578,173 shares (some held by related parties). This Form 4 clarifies HKAM’s pecuniary interest and notes Murray Stahl does not exercise investment discretion over issuer securities.
Materiality assessment: The incremental acquisition of a single share is immaterial to HKAM’s large existing stake and does not meaningfully change ownership percentage or corporate control dynamics. The filing primarily refreshes Section 16 records rather than signaling a strategic shift.