Texas Pacific Land Corp — Director's Dealing 2023

Feb 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Texas Pacific Land Corp (TPL)
CIK: 0001811074
Period of Report: 2023-02-03

Reporting Person: STAHL MURRAY (Director)
Reporting Person: HORIZON KINETICS ASSET MANAGEMENT LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Common Stock	P	1	$2006	Acquired	43276	Indirect
2023-02-03	Common Stock	P	2	$2020	Acquired	104905	Indirect
2023-02-03	Common Stock	P	2	$2020	Acquired	1523	Indirect
2023-02-03	Common Stock	P	3	$2020	Acquired	2037	Direct
2023-02-03	Common Stock	P	1	$1989	Acquired	1678	Indirect
2023-02-03	Common Stock	P	12	$2012.5	Acquired	197502	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1472	Indirect
Common Stock	2484	Indirect
Common Stock	5549	Indirect
Common Stock	60	Indirect

Footnotes

F1: The amount of common shares of the Issuer reported excludes other accounts in which Mr. Stahl has a non-controlling interest and does not exercise investment discretion. These accounts are managed by Horizon Kinetics Asset Management LLC ("Horizon"), in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

F2: Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. These accounts are managed by Horizon Kinetics Asset Management LLC ("Horizon"), in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer.

F3: The amount reported as held following the transaction excludes approximately 1,206,558 shares as noted in Horizon's Schedule 13D filed on January 26, 2023, for which Horizon does not have a pecuniary interest and also excludes shares purchased by portfolio managers and other employees of the firm for their personal accounts.

F4: The amount of common shares of the Issuer reported excludes partnerships and other accounts in which Mr. Stahl has a controlling interest and are reported separately. These accounts are managed by Horizon, in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Manager but does not participate in investment decisions with respect to the securities of the Issuer. Mr. Stahl disclaims beneficial ownership except to the extent of his pecuniary interest, if any.