Murray Stahl - 08 Sep 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
Issuer symbol
HKHC
Transactions as of
08 Sep 2025
Net transactions value
+$971
Form type
4
Filing time
09 Sep 2025, 10:43:10 UTC
Previous filing
08 Sep 2025
Next filing
10 Sep 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 09 Sep 2025 0001207097
Horizon Common Inc 10%+ Owner 470 PARK AVENUE SOUTH, 8TH FLOOR SOUTH, NEW YORK /s/ Jay Kesslen, attorney-in-fact 09 Sep 2025 0002033370

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HKHC Common Stock Purchase $388 +10 +0% $38.85 248,963 08 Sep 2025 Direct
transaction HKHC Common Stock Purchase $233 +6 +0% $38.85 8,216,639 08 Sep 2025 Horizon Common Inc. F1
transaction HKHC Common Stock Purchase $194 +5 +0% $38.85 823,918 08 Sep 2025 FRMO Corp. F2, F3
transaction HKHC Common Stock Purchase $155 +4 +15% $38.85 31 08 Sep 2025 Horizon Kinetics Hard Assets, LLC F4
holding HKHC Common Stock 5 08 Sep 2025 Spouse
holding HKHC Common Stock 6,900 08 Sep 2025 Kinetics Institutional Partners LP F4
holding HKHC Common Stock 5,810 08 Sep 2025 Kinetics Partners LP F4
holding HKHC Common Stock 952 08 Sep 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.