Texas Pacific Land Corp (TPL) reported insider trading activity through Form 4 filings on June 28, 2025, detailing transactions by Director Murray Stahl and Horizon Kinetics Asset Management LLC (HKAM).
Key transaction details:
- Multiple purchases executed on June 25, 2025, at $1,058.52 per share through various entities
- Transactions made pursuant to a Rule 10b5-1 plan adopted on November 21, 2024
- HKAM holds beneficial ownership of 3,578,173 shares
- Murray Stahl holds direct interest in 7,848 shares and indirect interest in approximately 156,083 shares
Notable entities involved include Horizon Kinetics Hard Assets (325,815 shares), Polestar Offshore Fund (129,280 shares), and HKAM (637,763 shares). Mr. Stahl, who serves as Chairman, CEO, and CIO of HKAM, disclaims beneficial ownership except for his pecuniary interest.
Murray Stahl, Director of Texas Pacific Land Corp (TPL), and Horizon Kinetics Asset Management LLC reported multiple share acquisitions on June 24, 2025. The transactions were executed under a Rule 10b5-1 plan established on November 21, 2024.
Key transaction details:
- Purchased shares at prices of $1,039.48 and $1,046.14 per share
- Acquisitions made through various entities including Horizon Kinetics Hard Assets (325,813 shares), POLESTAR OFFSHORE FUND (129,279 shares), and Horizon Kinetics Asset Management LLC (637,762 shares)
- Stahl holds both direct ownership (8,232 shares) and indirect ownership through multiple investment vehicles
Per a December 18, 2024 Schedule 13D amendment, HKAM beneficially owned 3,578,173 shares, while Stahl held 7,848 shares directly and approximately 156,083 shares indirectly. Stahl disclaims beneficial ownership except for his pecuniary interest as CEO and Chief Investment Officer of HKAM.
Murray Stahl, Director of Texas Pacific Land Corp (TPL), and Horizon Kinetics Asset Management LLC reported multiple insider purchases on June 23, 2025. The transactions were executed under a Rule 10b5-1 plan established on November 21, 2024.
Key transaction details:
- Multiple entities under Stahl's influence acquired shares at $1,098.70 per share: - Horizon Kinetics Hard Assets: 2 shares - HORIZON CREDIT OPPORTUNITY FUND: 1 share - Direct ownership: 3 shares - HORIZON COMMON: 2 shares - POLESTAR OFFSHORE FUND: 1 share
- Horizon Kinetics Asset Management acquired 1 share at $1,088.01
As of December 18, 2024, HKAM beneficially owned 3,578,173 shares, while Stahl held 7,848 shares directly and approximately 156,083 shares indirectly. Stahl disclaims beneficial ownership except for his pecuniary interest.
Director Murray Stahl and Horizon Kinetics Asset Management LLC (HKAM) reported multiple purchases of Texas Pacific Land Corp (TPL) shares on June 20, 2025. The transactions were executed under a Rule 10b5-1 plan adopted on November 21, 2024.
Key transaction details:
- Purchases made at prices of $1,081.81 and $1,083.15 per share
- Shares acquired across multiple entities including Horizon Kinetics Hard Assets (325,809 shares), HKAM (637,760 shares), and Polestar Offshore Fund (129,277 shares)
- Stahl holds direct ownership of 8,226 shares and various indirect positions through affiliated entities
As disclosed in a December 18, 2024 Schedule 13D amendment, HKAM beneficially owns 3,578,173 shares, while Stahl holds 7,848 shares directly and approximately 156,083 shares indirectly. Stahl, who serves as Chairman, CEO, and CIO of HKAM, does not exercise investment discretion over the Issuer's securities and disclaims beneficial ownership except for his pecuniary interest.
Director Murray Stahl and Horizon Kinetics Asset Management LLC (HKAM) reported multiple purchases of Texas Pacific Land Corp (TPL) shares on June 18, 2025. The transactions were executed pursuant to a Rule 10b5-1 plan adopted on November 21, 2024.
Key transaction details:
- Multiple purchases at $1,080.51 per share across various entities including Horizon Kinetics Hard Assets (2 shares), HORIZON CREDIT OPPORTUNITY FUND LP (1 share), and direct ownership (3 shares)
- HKAM acquired 1 share at $1,077.52, bringing their beneficial ownership to 637,759 shares
- Total HKAM beneficial ownership previously reported was 3,578,173 shares as of December 18, 2024
Stahl serves as Chairman, CEO, and CIO of HKAM but does not participate in investment decisions regarding TPL securities. He disclaims beneficial ownership except for his pecuniary interest.