Murray Stahl - Aug 29, 2025 Form 4 Insider Report for Horizon Kinetics Holding Corp (HKHC)

Role
CEO and CIO, Director, 10%+ Owner
Signature
/s/ Jay Kesslen, attorney-in-fact
Stock symbol
HKHC
Transactions as of
Aug 29, 2025
Transactions value $
$798
Form type
4
Date filed
9/2/2025, 02:10 PM
Previous filing
Sep 30, 2025
Next filing
Sep 3, 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
STAHL MURRAY CEO and CIO, Director, 10%+ Owner 470 PARK AVENUE SOUTH, 8TH FLOOR SOUTH, NEW YORK /s/ Jay Kesslen, attorney-in-fact 2025-09-02 0001207097
Horizon Common Inc 10%+ Owner 470 PARK AVENUE SOUTH, 8TH FLOOR SOUTH, NEW YORK /s/ Jay Kesslen, attorney-in-fact 2025-09-02 0002033370

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HKHC Common Stock Purchase $304 +8 +0% $38.00 249K Aug 29, 2025 Direct
transaction HKHC Common Stock Purchase $228 +6 +0% $38.00 8.22M Aug 29, 2025 Horizon Common Inc. F1
transaction HKHC Common Stock Purchase $190 +5 +0% $38.00 824K Aug 29, 2025 FRMO Corp. F2, F3
transaction HKHC Common Stock Purchase $76.00 +2 +22.22% $38.00 11 Aug 29, 2025 Horizon Kinetics Hard Assets, LLC F4
holding HKHC Common Stock 5 Aug 29, 2025 Spouse
holding HKHC Common Stock 6.9K Aug 29, 2025 Kinetics Institutional Partners LP F4
holding HKHC Common Stock 5.81K Aug 29, 2025 Kinetics Partners LP F4
holding HKHC Common Stock 952 Aug 29, 2025 Horizon Kinetics Asset Management LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 21% of those held by Horizon Common Inc. He disclaims beneficial ownership over the remaining shares.
F2 Mr. Stahl exercises discretion over the shares of the Issuer and owns approximately 16% of those held by FRMO Corp. He disclaims beneficial ownership over the remaining shares.
F3 This purchase includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp.
F4 Mr. Stahl exercises discretion over shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.