Eric L. Oliver - Mar 11, 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Director
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Mar 11, 2024
Transactions value $
$473,049
Form type
4
Date filed
3/13/2024, 06:05 PM
Previous filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Purchase $143K +93 +0.07% $1,542.00 131K Mar 11, 2024 See Footnote F1
transaction TPL Common Stock Purchase $10.8K +7 +0.01% $1,541.26 131K Mar 11, 2024 See Footnote F1
transaction TPL Common Stock Purchase $113K +72 +0.06% $1,567.10 131K Mar 12, 2024 See Footnote F1, F2
transaction TPL Common Stock Purchase $26.7K +17 +0.01% $1,569.16 131K Mar 12, 2024 See Footnote F1, F3
transaction TPL Common Stock Purchase $17.3K +11 +0.01% $1,570.36 131K Mar 12, 2024 See Footnote F1, F4
transaction TPL Common Stock Purchase $68K +42 +0.03% $1,619.77 131K Mar 13, 2024 See Footnote F1, F5
transaction TPL Common Stock Purchase $76.2K +47 +0.04% $1,621.24 131K Mar 13, 2024 See Footnote F1, F6
transaction TPL Common Stock Purchase $17.8K +11 +0.01% $1,622.25 131K Mar 13, 2024 See Footnote F1
holding TPL Common Stock 319 Mar 11, 2024 Direct
holding TPL Common Stock 350 Mar 11, 2024 See Footnote F7
holding TPL Common Stock 2.25K Mar 11, 2024 See Footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1,566.60 to $1,567.18, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2).
F3 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1,568.54 to $1,569.33, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (3).
F4 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1,570.36 to $1,570.74, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (4).
F5 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1,619.67 to $1,619.87, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (5).
F6 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1,620.79 to $1,621.68, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (6).
F7 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.
F8 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.

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.