Horizon Kinetics Asset Management Purchases 1 Share of Texas Pacific Land Corp ($TPL)

Insider Transaction Summary: Texas Pacific Land Corp ($TPL)

Overview

On September 2, 2026, Horizon Kinetics Asset Management LLC, a 10% beneficial owner of Texas Pacific Land Corp, reported an open-market purchase of Common Stock executed on September 1, 2026.

Key Transaction Details

• Security: Common Stock
• Transaction Code: P (Open market or private purchase)
• Shares Transacted: 1 share
• Price Per Share: $369.10
• Total Transaction Value: $369.10
• Post-Transaction Direct Holdings: 3,242,743 shares

Footnote Disclosures

1. Footnote 1: Horizon Kinetics reported beneficial ownership of 10,109,933 shares in an amended Schedule 13D filed on May 7, 2026. The Form 4 reflects the extent of Horizon Kinetics' pecuniary interest.
2. Footnote 2: Reported post-transaction holdings reflect a reduction of 1,279 shares delivered without consideration in connection with a client in-kind redemption.

Significance Assessment

• Trading Significance: Low. The purchase of a single share ($369.10) represents a nominal transaction relative to Horizon Kinetics' multimillion-share direct and indirect position in Texas Pacific Land Corp.