HORIZON KINETICS ASSET MANAGEMENT LLC - 18 Nov 2024 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: 18 Nov 2024
Net transactions value: +$4,167
Form type: 4
Filing time: 19 Nov 2024, 16:47:44 UTC
Previous filing: 15 Aug 2024
Next filing: 20 Nov 2024
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	$4,167	+3	+0%	$1388.85	1,138,460	18 Nov 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On February 28, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 1,271,975 shares and Murray Stahl's direct interest in 2,474 shares and his indirect interest in approximately 53,550 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
F2	Mr. Stahl's most recent 10b5-1 plan was adopted on May 14, 2024, began trading on August 15, 2024, and ended trading on November 15, 2024. As such, partnerships and other accounts totaling 493,653 shares in which Mr. Stahl has a controlling interest and that were reported as separate line items are now included in the total shares. All 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 February 28, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 1,271,975 shares and Murray Stahl's direct interest in 2,474 shares and his indirect interest in approximately 53,550 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Mr. Stahl's most recent 10b5-1 plan was adopted on May 14, 2024, began trading on August 15, 2024, and ended trading on November 15, 2024. As such, partnerships and other accounts totaling 493,653 shares in which Mr. Stahl has a controlling interest and that were reported as separate line items are now included in the total shares. All 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.