Murray Stahl - 26 Jun 2025 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Jun 2025, 13:47:21 UTC
Prior SEC filing
26 Jun 2025
Next SEC filing
30 Jun 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jay Kesslen, attorney-in-fact

Key filing fact

Murray Stahl filed Form 4 for Texas Pacific Land Corp (TPL) on 27 Jun 2025.

Key facts

  • This page summarizes Murray Stahl's Form 4 filing for Texas Pacific Land Corp (TPL).
  • 6 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 27 Jun 2025, 13:47.

Change

  • Previous filing in this sequence was filed on 26 Jun 2025.
  • Current net transaction value: +$10,477.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0001207097 Primary reporting owner

STAHL MURRAY

Relationship
Director
Address
C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK
Signature
/s/ Jay Kesslen, attorney-in-fact
Signature date
27 Jun 2025
CIK 0001056823

HORIZON KINETICS ASSET MANAGEMENT LLC

Relationship
10%+ Owner
Address
470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK
Signature
/s/ Jay Kesslen, attorney-in-fact
Signature date
27 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TPL transaction

Common Stock

Purchase

Transaction value
$2,092
Shares
+2
Change %
+0%
Price
$1045.81
Shares after
325,817
Date
26 Jun 2025
Ownership
Horizon Kinetics Hard Assets
Footnotes
F1, F2
TPL transaction

Common Stock

Purchase

Transaction value
$1,046
Shares
+1
Change %
+0.02%
Price
$1045.81
Shares after
5,616
Date
26 Jun 2025
Ownership
HORIZON CREDIT OPPORTUNITY FUND LP
Footnotes
F1, F2
TPL transaction

Common Stock

Purchase

Transaction value
$3,137
Shares
+3
Change %
+0.04%
Price
$1045.81
Shares after
8,238
Date
26 Jun 2025
Ownership
Direct
Footnotes
F1, F2
TPL transaction

Common Stock

Purchase

Transaction value
$2,092
Shares
+2
Change %
+0.03%
Price
$1045.81
Shares after
5,742
Date
26 Jun 2025
Ownership
HORIZON COMMON INC
Footnotes
F1, F2
TPL transaction

Common Stock

Purchase

Transaction value
$1,046
Shares
+1
Change %
+0%
Price
$1045.81
Shares after
129,281
Date
26 Jun 2025
Ownership
POLESTAR OFFSHORE FUND LTD
Footnotes
F1, F2
TPL transaction

Common Stock

Purchase

Transaction value
$1,065
Shares
+1
Change %
+0%
Price
$1064.53
Shares after
637,764
Date
26 Jun 2025
Ownership
Horizon Kinetics Asset Management LLC
Footnotes
F1, F3
TPL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
7,452
Date
26 Jun 2025
Ownership
CDK PARTNERS LP
Footnotes
F1
TPL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,647
Date
26 Jun 2025
Ownership
CDK FUND LTD
Footnotes
F1
TPL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
180
Date
26 Jun 2025
Ownership
Spouse
Footnotes
F1
TPL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,490
Date
26 Jun 2025
Ownership
FROMEX Equity Corp
Footnotes
F1
TPL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
24,024
Date
26 Jun 2025
Ownership
FRMO Corp
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Footnote F2

Purchased pursuant to a Rule 10b5-1 plan adopted on November 21, 2024.

Footnote F3

The amount of common shares of the Issuer reported excludes partnerships and other accounts in which Mr. Stahl has a controlling interest and are reported separately. These accounts are managed by HKAM, in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership over the shares reported except to the extent of his pecuniary interest, if any.

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