MURRAY STAHL - 20 Nov 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
20 Nov 2025
Net transactions value
+$660
Form type
4
Filing time
21 Nov 2025, 15:07:51 UTC
Previous filing
20 Nov 2025
Next filing
24 Nov 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 21 Nov 2025 0001207097
Horizon Common Inc 10%+ Owner 470 PARK AVENUE SOUTH, 8TH FLOOR SOUTH, NEW YORK /s/ Jay Kesslen, attorney-in-fact 21 Nov 2025 0002033370

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HKHC Common Stock Purchase $302 +11 +0% $27.50 248,982 20 Nov 2025 Direct
transaction HKHC Common Stock Purchase $248 +9 +0% $27.50 8,216,655 20 Nov 2025 Horizon Common Inc. F1
transaction HKHC Common Stock Purchase $110 +4 +11% $27.50 39 20 Nov 2025 Horizon Kinetics Hard Assets, LLC F1
holding HKHC Common Stock 5 20 Nov 2025 Spouse
holding HKHC Common Stock 823,923 20 Nov 2025 FRMO Corp. F1, F2
holding HKHC Common Stock 6,900 20 Nov 2025 Kinetics Institutional Partners LP F1
holding HKHC Common Stock 5,810 20 Nov 2025 Kinetics Partners LP F1
holding HKHC Common Stock 952 20 Nov 2025 Horizon Kinetics Asset Management LLC F1
* 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 shares of the Issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.
F2 This total includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp.