| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TPL | Common Stock | Sale | $77,318 | -59 | -1.6% | $1310.48 | 3,657 | 14 Mar 2025 | Direct | F1, F2 |
| transaction | TPL | Common Stock | Sale | $19,675 | -15 | -0.41% | $1311.64 | 3,642 | 14 Mar 2025 | Direct | F1, F3 |
| transaction | TPL | Common Stock | Sale | $11,810 | -9 | -0.25% | $1312.17 | 3,633 | 14 Mar 2025 | Direct | F1, F4 |
| transaction | TPL | Common Stock | Sale | $69,594 | -53 | -1.5% | $1313.10 | 3,580 | 14 Mar 2025 | Direct | F1, F5 |
| transaction | TPL | Common Stock | Sale | $14,461 | -11 | -0.31% | $1314.65 | 3,569 | 14 Mar 2025 | Direct | F1, F6 |
| transaction | TPL | Common Stock | Sale | $13,154 | -10 | -0.28% | $1315.36 | 3,559 | 14 Mar 2025 | Direct | F1, F7 |
| transaction | TPL | Common Stock | Sale | $11,849 | -9 | -0.25% | $1316.59 | 3,550 | 14 Mar 2025 | Direct | F1, F8 |
| transaction | TPL | Common Stock | Sale | $7,906 | -6 | -0.17% | $1317.73 | 3,544 | 14 Mar 2025 | Direct | F1, F9 |
| transaction | TPL | Common Stock | Sale | $31,646 | -24 | -0.68% | $1318.60 | 3,520 | 14 Mar 2025 | Direct | F1, F10 |
| transaction | TPL | Common Stock | Sale | $15,838 | -12 | -0.34% | $1319.81 | 3,508 | 14 Mar 2025 | Direct | F1, F11 |
| transaction | TPL | Common Stock | Sale | $7,942 | -6 | -0.17% | $1323.68 | 3,502 | 14 Mar 2025 | Direct | F1, F12 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | TPL | Restricted Stock Units | 423 | 14 Mar 2025 | Common Stock | 423 | Direct | F13 | ||||||
| holding | TPL | Restricted Stock Units | 1,382 | 14 Mar 2025 | Common Stock | 1,382 | Direct | F14 | ||||||
| holding | TPL | Restricted Stock Units | 795 | 14 Mar 2025 | Common Stock | 795 | Direct | F15 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
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).
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024. |
| F2 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,310.00 to $1,310.91, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F3 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,311.44 to $1,311.91, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F4 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,312.04 to $1,312.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F5 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,313.08 to $1,313.12, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F6 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,314.42 to $1,314.76, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F7 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,315.00 to $1,315.59, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F8 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,316.45 to $1,316.83, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F9 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,317.56 to $1,317.91, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F10 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,318.26 to $1,318.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F11 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,319.33 to $1,320.18, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F12 | The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $1,323.43 to $1,323.92, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold in the transactions at each separate price within the range set forth in this footnote. |
| F13 | Each restricted stock unit ("RSU") has a value equal to one share of common stock. All of the RSUs reported will vest on February 10, 2026. |
| F14 | Each RSU has a value equal to one share of common stock. Of such RSUs, 691 will vest on February 13 of each of 2026 and 2027. |
| F15 | Each RSU has a value equal to one share of common stock. Of such RSUs, 265 will vest on February 15 of each of 2026, 2027 and 2028. |