Murray Stahl - May 31, 2022 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Director
Signature
/s/Jay Kesslen, attorney-in-fact
Stock symbol
TPL
Transactions as of
May 31, 2022
Transactions value $
$31,320
Form type
4
Date filed
6/1/2022, 11:13 AM
Previous filing
May 31, 2022
Next filing
Jun 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Purchase $1.57K +1 +0% $1,565.99 43.1K May 31, 2022 Polestar Offshore Fund Ltd F1
transaction TPL Common Stock Purchase $3.13K +2 +0.13% $1,565.99 1.5K May 31, 2022 Horizon Credit Opportunity Fund LP F1
transaction TPL Common Stock Purchase $3.13K +2 +0.15% $1,565.99 1.35K May 31, 2022 Horizon Common Inc F1
transaction TPL Common Stock Purchase $4.7K +3 +0.18% $1,565.99 1.71K May 31, 2022 Direct F2
transaction TPL Common Stock Purchase $18.8K +12 +0.01% $1,565.99 206K May 31, 2022 Horizon Kinetics Asset Management LLC F3, F4
holding TPL Common Stock 1.46K May 31, 2022 Horizon Kinetics Hard Assets II LLC F1
holding TPL Common Stock 104K May 31, 2022 Horizon Kinetics Hard Assets LLC F1
holding TPL Common Stock 2.48K May 31, 2022 CDK Partners LP F1
holding TPL Common Stock 5.55K May 31, 2022 CDK Fund Ltd F1
holding TPL Common Stock 60 May 31, 2022 Spouse F1
* 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 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 1,274,576 shares as noted in Horizon's Schedule 13D filed on February 2, 2022, 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.
F4 The amount of common shares of the Issuer reported excludes partnerships and other accounts in which Mr. Stahl has a controlling interest and are reported separately. These accounts are managed by Horizon, in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Manager but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.