HORIZON KINETICS ASSET MANAGEMENT LLC - 17 Nov 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role: 10%+ Owner
Signature: /s/ Jay Kesslen, attorney-in-fact
Issuer symbol: TPL
Transactions as of: 17 Nov 2023
Net transactions value: +$4,956
Form type: 4
Filing time: 20 Nov 2023, 11:11:35 UTC
Previous filing: 17 Nov 2023
Next filing: 21 Nov 2023
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	$4,956	+3	+0%	$1652.00	198,402	17 Nov 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 1, 2023, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 1,398,465 shares and Murray Stahl's direct interest in 2,139 shares and his indirect interest in approximately 44,385 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein, and the accounts in which Mr. Stahl has a controlling interest are reported as separate line items. Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
F2	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 HKAM, 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.

Content

On August 1, 2023, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 1,398,465 shares and Murray Stahl's direct interest in 2,139 shares and his indirect interest in approximately 44,385 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein, and the accounts in which Mr. Stahl has a controlling interest are reported as separate line items. Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

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 HKAM, 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.