Micheal W. Dobbs - 10 Feb 2026 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Senior VP, Secretary and GC
Signature
/s/ Micheal W. Dobbs
Issuer symbol
TPL
Transactions as of
10 Feb 2026
Net transactions value
-$887,982
Form type
4
Filing time
12 Feb 2026, 16:13:55 UTC
Previous filing
17 Mar 2025
Next filing
18 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dobbs Micheal W. Senior VP, Secretary and GC C/O TEXAS PACIFIC LAND CORPORATION, 2699 HOWELL STREET, SUITE 800, DALLAS /s/ Micheal W. Dobbs 12 Feb 2026 0001817664

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +819 +20% 4,998 10 Feb 2026 Direct F1
transaction TPL Common Stock Tax liability $152,214 -379 -7.6% $401.62 4,619 10 Feb 2026 Direct F2
transaction TPL Common Stock Award $0 +4,132 +89% $0.000000 8,751 10 Feb 2026 Direct F3, F4
transaction TPL Common Stock Tax liability $735,768 -1,832 -21% $401.62 6,919 10 Feb 2026 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPL Restricted Stock Units Options Exercise $0 -819 -100% $0.000000 0 10 Feb 2026 Common Stock 819 Direct F5
holding TPL Restricted Stock Units 1,368 10 Feb 2026 Common Stock 1,368 Direct F6
holding TPL Restricted Stock Units 2,412 10 Feb 2026 Common Stock 2,412 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 On February 10, 2023, the Reporting Person was granted performance share units ("PSUs"), the vesting of which was subject to the achievement of certain relative total shareholder return ("RTSR") and free cash flow per share ("FCF") performance criteria. The number of shares reported represents the number of PSUs that vested as a result of the achievement of such performance criteria at 171% of target for the RTSR PSUs and 164% of target for the FCF PSUs.
F4 PSUs convert into common stock on a one-for-one basis.
F5 Each RSU has a value equal to one share of common stock. All of the RSUs reported vested on February 10, 2026.
F6 Each RSU has a value equal to one share of common stock. Of such RSUs, 456 vest on February 15 of each of 2026, 2027 and 2028.
F7 Each RSU has a value equal to one share of common stock. Of such RSUs, 1,206 vest on February 13 of each of 2026 and 2027.

Remarks:

All share amounts reflect the 3-for-1 stock split effected on December 22, 2025.