Insider trade

CFO sold ~$1.27M of TPL shares in the open market

Traded Jun 5, 2026 · Filed Jun 10, 2026

~$1.27M
Reported value · 3,170 sh @ $400.25: 13K
Holds after · shares reported: -13.7%
stock since the trade · S&P 500 +3.6%, $389.79 → $336.46 on Oct 1

Why it stands out

The money chief of Texas Pacific Land Corporation sold $1.27M of Texas Pacific Land Corporation shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jun 5, 2026
Reporting period: Not applicable
Filed with the SEC: Jun 10, 2026

CFO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,268,793

Shares × reported transaction price

Timing vs results

30 days after results of May 6, 2026, 61 days before results of Aug 5, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $389.79 on Jun 5, 2026, 42% above its 52-week low and 28% below its high, after an 11% drop over the previous 30 trading days

52-week range $273.5633 (Dec 16, 2025) to $539.79 (Mar 9, 2026), 44% of the way up, from 251 adjusted closes. 30 trading days earlier: $439.15 on Apr 23, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-5.5%	+2.1%	-7.7%
30 days	+6.0%	+4.1%	+2.0%
90 days	+1.8%	+5.6%	-3.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-26-071971
Filed / recorded: Jun 10, 2026, 3:00 AM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Texas Pacific Land Corp
Issuer CIK: 1811074
Ticker: TPL
Reporting person: Chris Steddum
Relationship: Officer
Officer title: Chief Financial Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jun 5, 2026
Transaction code: S
Shares / units: 3,170
Price per share: $400.25
Acquired / disposed: Disposed (D)
Shares owned after: 12,870
Ownership form: Direct
Amendment: No

Footnotes from the filing

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026.
The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.98, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.