Insider trade

10% owner purchased ~$416 of TPL shares in the open market

Traded Jul 20, 2026 · Filed Jul 21, 2026

~$416
Reported value · 1 sh @ $416.47: 3.26M
Holds after · shares reported: -17.1%
stock since the trade · S&P 500 +3.0%, $405.87 → $336.46 on Oct 1

HORIZON KINETICS ASSET MANAGEMENT LLC, 10% owner's past purchases, 90 days after disclosure: 169 buys, median -6.3% vs S&P 500, beat it 74 of 169 times. Past results, not a forecast.

Why it stands out

A big owner of Texas Pacific Land Corporation spent $416 of their very own money to buy Texas Pacific Land Corporation shares.

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: Jul 20, 2026
Reporting period: Not applicable
Filed with the SEC: Jul 21, 2026

10% owner<$25K

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$416

Shares × reported transaction price

Size band

<$25K

Rarity

First purchase in 0 months

Confirmed open-market purchases by the same insider in the available history

Largest by this insider

No

Compared with 199 earlier confirmed purchases

Cluster activity

No other insider purchases within 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

75 days after results of May 6, 2026, 16 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 $405.87 on Jul 20, 2026, 48% above its 52-week low and 25% below its high, little changed over the previous 30 trading days

52-week range $273.5633 (Dec 16, 2025) to $539.79 (Mar 9, 2026), 50% of the way up, from 251 adjusted closes. 30 trading days earlier: $406.73 on Jun 4, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-10.1%	-2.4%	-7.7%
30 days	-11.4%	+2.5%	-13.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001437749-26-023922
Filed / recorded: Jul 21, 2026, 6:38 PM 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: HORIZON KINETICS ASSET MANAGEMENT LLC
Relationship: 10% owner
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jul 20, 2026
Transaction code: P
Shares / units: 1
Price per share: $416.47
Acquired / disposed: Acquired (A)
Shares owned after: 3,263,679
Ownership form: Direct
Amendment: No

Footnotes from the filing

On May 7, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D are disclosed herein.

Around the same time

Major shareholder bought7w ago

~$372Reported value · 1 sh @ $372.10

A big owner of Texas Pacific Land Corporation spent $372 of their very own money to buy Texas Pacific Land Corporation shares.

Why it stands out Official record

Major shareholder bought7w ago

~$361Reported value · 1 sh @ $361.16

A big owner of Texas Pacific Land Corporation spent $361 of their very own money to buy Texas Pacific Land Corporation shares.

Why it stands out Official record

Major shareholder bought7w ago

~$357Reported value · 1 sh @ $357.32

A big owner of Texas Pacific Land Corporation spent $357 of their very own money to buy Texas Pacific Land Corporation shares.

Why it stands out Official record

HORIZON KINETICS ASSET MANAGEMENT LLC, 10% owner's past purchases, 90 days after disclosure: 169 buys, median -6.3% vs S&P 500, beat it 74 of 169 times. Past results, not a forecast.