Horizon Kinetics Asset Management Acquires 1 Share of Texas Pacific Land Corp

Insider Transaction Overview

• Reporting Entity: Horizon Kinetics Asset Management LLC
• Relationship: 10% Owner
• Issuer: Texas Pacific Land Corp ($TPL)
• Transaction Type: Open-market purchase (Code P)
• Transaction Date: September 8, 2026
• Filing Date: September 9, 2026

Transaction Summary

Detail	Value
Security	Common Stock
Shares Acquired	1
Price Per Share	$375.10
Total Consideration	$375.10
Post-Transaction Direct Ownership	3,390,842 shares
Ownership Nature	Direct

Context and Impact

• Significance: Low. The purchase of a single share ($375.10) represents a negligible fraction of the reporting owner's existing direct stake of over 3.39 million shares (and aggregate beneficial ownership exceeding 10.1 million shares as previously reported on Schedule 13D).
• Rationale: Institutional 10% owners frequently report small, periodic fractional or single-share transactions to reflect minor account adjustments or discretionary mandate allocations across managed funds.