Murray Stahl - Jan 26, 2023 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
Jan 26, 2023
Transactions value $
$44,312
Form type
4
Date filed
1/27/2023, 10:23 AM
Previous filing
Jan 26, 2023
Next filing
Jan 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Purchase $2.1K +1 +0% $2,099.99 43.3K Jan 26, 2023 Polestar Offshore Fund Ltd F1
transaction TPL Common Stock Purchase $4.23K +2 +0% $2,115.15 105K Jan 26, 2023 Horizon Kinetics Hard Assets LLC F1
transaction TPL Common Stock Purchase $4.23K +2 +0.13% $2,115.15 1.53K Jan 26, 2023 Horizon Common Inc F1
transaction TPL Common Stock Purchase $6.35K +3 +0.15% $2,115.15 2.04K Jan 26, 2023 Direct F2
transaction TPL Common Stock Purchase $2.09K +1 +0.06% $2,094.99 1.67K Jan 26, 2023 Horizon Credit Opportunity Fund LP F1
transaction TPL Common Stock Purchase $25.3K +12 +0.01% $2,109.26 197K Jan 26, 2023 Horizon Kinetics Asset Management LLC F3, F4
holding TPL Common Stock 1.47K Jan 26, 2023 Horizon Kinetics Hard Assets II LLC F1
holding TPL Common Stock 2.48K Jan 26, 2023 CDK Partners LP F1
holding TPL Common Stock 5.55K Jan 26, 2023 CDK Fund Ltd F1
holding TPL Common Stock 60 Jan 26, 2023 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 1,206,558 shares as noted in Horizon's Schedule 13D filed on January 26, 2023, 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.