Murray Stahl - Nov 24, 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
Nov 24, 2025
Transactions value $
$672
Form type
4
Date filed
11/25/2025, 12:35 PM
Previous filing
Nov 24, 2025
Next filing
Nov 26, 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 2025-11-25 0001207097
Horizon Common Inc 10%+ Owner 470 PARK AVENUE SOUTH, 8TH FLOOR SOUTH, NEW YORK /s/ Jay Kesslen, attorney-in-fact 2025-11-25 0002033370

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HKHC Common Stock Purchase $336 +12 +0% $28.00 249K Nov 24, 2025 Direct
transaction HKHC Common Stock Purchase $224 +8 +0% $28.00 8.22M Nov 24, 2025 Horizon Common Inc. F1
transaction HKHC Common Stock Purchase $112 +4 +9.3% $28.00 47 Nov 24, 2025 Horizon Kinetics Hard Assets, LLC F1
holding HKHC Common Stock 5 Nov 24, 2025 Spouse
holding HKHC Common Stock 824K Nov 24, 2025 FRMO Corp. F1, F2
holding HKHC Common Stock 6.9K Nov 24, 2025 Kinetics Institutional Partners LP F1
holding HKHC Common Stock 5.81K Nov 24, 2025 Kinetics Partners LP F1
holding HKHC Common Stock 952 Nov 24, 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 holding includes shares owned by Fromex Equity Corp, which is a wholly owned subsidiary of FRMO Corp.