Murray Stahl - 26 Nov 2021 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Director
Signature
/s/Jay Kesslen, attorney-in-fact
Issuer symbol
TPL
Transactions as of
26 Nov 2021
Net transactions value
+$23,617
Form type
4
Filing time
29 Nov 2021, 13:06:46 UTC
Previous filing
26 Nov 2021
Next filing
30 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Purchase $1,243 +1 +0% $1242.99 42,978 26 Nov 2021 By Polestar Offshore Fund F1
transaction TPL Common Stock Purchase $2,486 +2 +0% $1242.99 102,980 26 Nov 2021 By Horizon Kinetics Hard Assets LLC F1
transaction TPL Common Stock Purchase $2,486 +2 +0.17% $1242.99 1,199 26 Nov 2021 By Horizon Common Inc. F1
transaction TPL Common Stock Purchase $2,486 +2 +0.14% $1242.99 1,408 26 Nov 2021 Direct F2
transaction TPL Common Stock Purchase $1,243 +1 +0.07% $1242.99 1,409 26 Nov 2021 Direct F2
transaction TPL Common Stock Purchase $13,673 +11 +0.01% $1242.99 216,863 26 Nov 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of common shares of the Issuer reported excludes other accounts in which Mr. Stahl has a non-controlling interest and does not exercise investment discretion. These accounts are managed by Horizon Kinetics Asset Management LLC ("Horizon"), in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership in any account managed by Horizon except to the extent of his pecuniary interest, if any.
F2 Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. These accounts are managed by Horizon Kinetics Asset Management LLC ("Horizon"), in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer.
F3 The amount reported as held following the transaction excludes approximately 1,343,167 shares as noted in Horizon's Schedule 13D filed on January 12, 2021, for which Horizon does not have a pecuniary interest and also excludes shares purchased by portfolio managers and other employees of the firm for their personal accounts.