Texas Pacific Land Corp 4

Horizon Kinetics Asset Management LLC reported a non-cash, in-kind client redemption-related change in its beneficial ownership of Texas Pacific Land Corp common stock, leaving it with 3,244,001 shares at an implied value of about $1.27 billion.

On August 3, 2026, Horizon Kinetics Asset Management LLC reported a change in its beneficial ownership of Texas Pacific Land Corp common stock tied to a client in-kind redemption that reduced its pecuniary interest by 19,688 shares delivered without consideration. The Form 4 table reflects 3,244,001 shares reported as beneficially owned following the change, at a reference price of approximately $392.66 per share, implying an after-transaction position valued at roughly $1.27 billion. Although the form uses a transaction code P with an "A" acquisition/disposition flag, the footnote clarifies that the change is effectively a non-cash reduction rather than an open-market purchase or sale, aligning more with a reallocation of beneficial ownership within client accounts. HKAM had previously reported beneficial ownership of 10,109,933 shares on its amended Schedule 13D filed May 7, 2026, and this filing further specifies the extent of its pecuniary interest in those shares.

Filing Facts

CIK

1811074

Ticker

TPL

Form

4

Source Type

sec

Accession

0001437749-26-025589

Alert Tier

5