STEPHANIE BUFFINGTON - 10 Feb 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role: Chief Accounting Officer
Signature: /s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol: TPL
Transactions as of: 10 Feb 2023
Net transactions value: -$57,713
Form type: 4
Filing time: 14 Feb 2023, 13:56:58 UTC
Previous filing: 30 Dec 2022
Next filing: 05 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPL	Common Stock	Options Exercise		+64	+83%		141	11 Feb 2023	Direct	F1, F2
transaction	TPL	Common Stock	Tax liability	$57,713	-30	-21%	$1923.78	111	11 Feb 2023	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPL	Restricted Stock Units	Options Exercise	$0	-64	-33%	$0.000000	130	11 Feb 2023	Common Stock	64		Direct	F4
transaction	TPL	Restricted Stock Units	Award	$0	+169		$0.000000	169	10 Feb 2023	Common Stock	169		Direct	F6
holding	TPL	Restricted Stock Units						279	10 Feb 2023	Common Stock	279		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Includes 40 shares that vest on December 29, 2023.
F3	Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F4	Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 64 vest on each of February 11, 2023 and 2024 and 66 vest on February 11, 2025.
F5	Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 93 vest on September 1 of each of 2023, 2024 and 2025.
F6	Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 56 vest on February 10 of each of 2024 and 2025 and 57 vest on February 10, 2026.