Texas Pacific Land (TPL) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
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Texas Pacific Land Corporation (TPL) insider buying and selling: 277 purchases, 4 sales
322 Form 4 Table I transactions filed with the SEC by Texas Pacific Land Corporation insiders between 2025-08-25 and 2026-10-01 (15-month history): 277 open-market purchases and 4 sales, plus 41 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a sale of $1.3M by Steddum Chris on 2026-06-05.
Texas Pacific Land insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, Texas Pacific Land insiders filed 236 purchases worth $123k and 3 sales worth $2.4M on the open market. The net balance is on the sell side: $2.3M more sold than bought.
The biggest buyer was Horizon Kinetics Asset Management Llc (10% Owner): $119k in 234 purchases, out of 2 different buyers. The biggest seller was Steddum Chris (Chief Financial Officer): $1.6M in 2 sales, out of 2 different sellers.
The largest trade of the period was a sale of $1.3M on Jun 5, 2026, by Steddum Chris (Chief Financial Officer), under a 10b5-1 plan. Form 4 on sec.gov (0001104659-26-071971).
Of the 3 sales, 2 (67%, $1.6M) carry the 10b5-1 plan flag on the Form 4, meaning they were scheduled months ahead; the other one does not.
The last three months show 51 purchases and 0 sales, against 61 and 2 in the three before. The latest purchase is from Sep 29, 2026; the latest sale from Jun 8, 2026.
Against its sector (Energy, 21 companies with an insider page on this site), over the same dates the median is 12 sales and 0 purchases on the open market. Texas Pacific Land has more sales than 4 of the other 20, ranks 16 of 21 by net dollars sold, and 8 of the 21 have at least one purchase, Texas Pacific Land included.
The 20 most important trades
The 277 open-market purchases first, then the rest, each type from largest to smallest. The full history is in the tool above, already searched.
See all 322 TPL trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2026-09-15 | 2026-09-17 | Doyle Peter | Director | $2k | P — Open-market purchaseForm 4 footnoteF1 Automatic investment as part of a dividend reinvestment. | SEC |
| 2026-06-15 | 2026-06-17 | Doyle Peter | Director | $2k | P — Open-market purchase2 Form 4 footnotesF1 Automatic investment as part of a dividend reinvestment. F2 This amount reflects the reduction of 207 shares that are held in a charitable giving account for which the Reporting Person has no pecuniary interest or discretionary authority. | SEC |
| 2026-09-29 | 2026-10-01 | Horizon Kinetics Asset Management Llc | 10% Owner | $1k | P — Open-market purchase2 Form 4 footnotesF1 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 is disclosed herein. F2 The change represents a reduction of 26,657 shares delivered without consideration as part of a client in-kind redemption. | SEC |
| 2026-04-08 | 2026-04-09 | Horizon Kinetics Asset Management Llc | 10% Owner | $1k | P — Open-market purchaseForm 4 footnoteF1 On March 26, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,050,070 shares. The extent of HKAM'specuniary interest in the shares reported in the Schedule 13D are disclosed herein. | SEC |
| 2025-11-13 | 2025-11-14 | Horizon Kinetics Asset Management Llc | 10% Owner | $1k | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-17 | 2025-11-18 | Horizon Kinetics Asset Management Llc | 10% Owner | $1k | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-11 | 2025-11-12 | Horizon Kinetics Asset Management Llc | 10% Owner | $1k | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-14 | 2025-11-17 | Horizon Kinetics Asset Management Llc | 10% Owner | $999 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-12 | 2025-11-13 | Horizon Kinetics Asset Management Llc | 10% Owner | $996 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-07 | 2025-11-10 | Horizon Kinetics Asset Management Llc | 10% Owner | $993 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-09-02 | 2025-09-03 | Horizon Kinetics Asset Management Llc | 10% Owner | $973 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-10-03 | 2025-10-06 | Horizon Kinetics Asset Management Llc | 10% Owner | $971 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-10-02 | 2025-10-03 | Horizon Kinetics Asset Management Llc | 10% Owner | $967 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-11-10 | 2025-11-12 | Horizon Kinetics Asset Management Llc | 10% Owner | $967 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-10-07 | 2025-10-08 | Horizon Kinetics Asset Management Llc | 10% Owner | $964 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-09-24 | 2025-09-25 | Horizon Kinetics Asset Management Llc | 10% Owner | $955 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-10-06 | 2025-10-07 | Horizon Kinetics Asset Management Llc | 10% Owner | $950 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-09-15 | 2025-09-16 | Horizon Kinetics Asset Management Llc | 10% Owner | $950 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-10-24 | 2025-10-27 | Horizon Kinetics Asset Management Llc | 10% Owner | $949 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
| 2025-09-26 | 2025-09-29 | Horizon Kinetics Asset Management Llc | 10% Owner | $948 | P — Open-market purchaseForm 4 footnoteF1 On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer. | SEC |
The period balance: money in, money out
Across the Form 4 filings submitted between Aug 25, 2025 and Oct 1, 2026, Texas Pacific Land Corporation open-market activity adds up to 277 purchases worth $161k and 4 sales worth $2.6M. The net balance is $2.4M on the sell side.
Only codes P and S count, where an insider puts in or takes out their own money. A selling balance like Texas Pacific Land Corporation's is the norm in the S&P 500, where much of the pay comes as stock. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| P | Open-market purchase | 277 | $161k |
| A | Grant or award | 13 | $803 |
| F | Tax withholding (shares surrendered for taxes) | 13 | $7.4M |
| M | Option exercise | 13 | $0 |
| S | Open-market sale | 4 | $2.6M |
| P | Open-market purchase — transfer between the same insider's accounts (or the same shares bought and sold at the same price in the same filing): no new money, not counted as a purchase or a sale | 1 | $457k |
| S | Open-market sale — transfer between the same insider's accounts (or the same shares bought and sold at the same price in the same filing): no new money, not counted as a purchase or a sale | 1 | $457k |
| Total | Everything filed in the period | 322 | $11.0M |
24 of the 322 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 13 distinct people or entities have filed Texas Pacific Land Corporation transactions: 2 bought on the open market and 2 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Steddum Chris | Chief Financial Officer | 9 | — | $1.6M (2) | 2026-06-09 |
| Buffington Stephanie | Chief Accounting Officer | 10 | — | $959k (2) | 2026-02-25 |
| Horizon Kinetics Asset Management Llc | 10% Owner | 277 | $157k (275) | — | 2026-10-01 |
| Doyle Peter | Director | 3 | $3k (2) | — | 2026-09-17 |
| Dobbs Micheal W. | Senior VP, Secretary and GC | 7 | — | — | 2026-02-18 |
| Glover Tyler | President & CEO | 7 | — | — | 2026-02-18 |
| Epps Donna E | Director | 3 | — | — | 2026-02-27 |
| Best Rhys J | Director | 1 | — | — | 2026-01-07 |
Shown here are the 8 who moved the most money, out of 13. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Jun 2026: 22 purchases and 2 sales, worth $1.6M. 1 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 6 | $5k | 1 | $150k |
| Sep 2025 | 21 | $19k | 0 | $0 |
| Oct 2025 | 23 | $21k | 0 | $0 |
| Nov 2025 | 19 | $18k | 0 | $0 |
| Dec 2025 | 22 | $16k | 0 | $0 |
| Jan 2026 | 20 | $6k | 0 | $0 |
| Feb 2026 | 19 | $8k | 1 | $809k |
| Mar 2026 | 22 | $12k | 0 | $0 |
| Apr 2026 | 21 | $10k | 0 | $0 |
| May 2026 | 18 | $8k | 0 | $0 |
| Jun 2026 | 22 | $10k | 2 | $1.6M |
| Jul 2026 | 22 | $9k | 0 | $0 |
| Aug 2026 | 21 | $8k | 0 | $0 |
| Sep 2026 | 21 | $10k | 0 | $0 |
| Oct 2026 | 0 | $0 | 0 | $0 |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
Texas Pacific Land Corporation (TPL) analysis page →
Other Energy companies with insider trades
All 500 are listed in the section index →
Which insiders are buying their own company stock →
How to read this data
Texas Pacific Land's 277 open-market purchases (code P) are the rare signal: insiders are already paid in stock, so buying more means putting in their own money. The latest filing is from Oct 1, 2026, and a Form 4 arrives up to two business days after the trade.
20 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.