HORIZON KINETICS ASSET MANAGEMENT LLC - 02 Jan 2025 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: 02 Jan 2025
Net transactions value: +$1,149
Form type: 4
Filing time: 03 Jan 2025, 14:46:47 UTC
Previous filing: 02 Jan 2025
Next filing: 07 Jan 2025
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	$1,149	+1	+0%	$1148.57	1,167,916	02 Jan 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 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	Includes shares not previously reported and beneficially owned by FRMO Corp (OTC: FRMO) and its subsidiaries for which Murray Stahl serves as Chairman and Chief Executive Officer. Mr. Stahl and other senior portfolio managers of the Reporting Person disclaim beneficial ownership of the shares held by FRMO, except to the extent of their pecuniary interest. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Content

On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 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.

Includes shares not previously reported and beneficially owned by FRMO Corp (OTC: FRMO) and its subsidiaries for which Murray Stahl serves as Chairman and Chief Executive Officer. Mr. Stahl and other senior portfolio managers of the Reporting Person disclaim beneficial ownership of the shares held by FRMO, except to the extent of their pecuniary interest. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.