The level of insider selling is small relative to TPL's massive market cap (~0.0036%), and the purchases are negligible. Traders should not interpret this cluster as a directional signal. Monitor for larger or more concentrated transactions, especially from C-suite executives or directors.
Price Chart
Executive Summary
A cluster of insider transactions at Texas Pacific Land Corp (TPL) over the past week shows mixed activity: Horizon Kinetics Asset Management made four small open-market purchases totaling 4 shares ($2,058), while two insiders — including Chief Accounting Officer Stephanie Buffington — sold a combined 2,503 shares for approximately $1.26 million. The selling represents modest dollar volume relative to TPL's $35.3B market cap.
Key Financial Metrics
Key Facts
- Horizon Kinetics Asset Management purchased 4 shares across four days for a total of $2,058 in open-market transactions.
- Chief Accounting Officer Stephanie Buffington sold 1,608 shares for $808,824 in an open-market transaction.
- Donna E. Epps sold 895 shares for $456,522 in an open-market transaction.
- Total open-market selling volume: $1.265 million (2,503 shares).
- All purchases were minimal (1 share each) and conducted by a non-executive entity.
Financial Impact
$1.265 million in total insider sales, $2,058 in purchases; net selling of $1.263 million
Risk Factors
- Perception risk from CFO-level executive (Chief Accounting Officer) participating in selling, though the amount is not material.
- Potential for misinterpretation due to presence of both buying and selling, despite clear imbalance in economic magnitude.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (6 trades, 7d window) | cluster-TPL-1772207968966 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $338.26 | awaiting T+60 | — | $338.26 (+0.00%) |
Oct 16, 2026 10d ago | Institutional Cluster | $344.61 | awaiting T+60 | — | $338.26 (−1.84%) |
Oct 8, 2026 18d ago | DEFA14A | $360.98 | awaiting T+60 | — | $338.26 (−6.29%) |
Sep 25, 2026 4w ago | 8-K | $338.15 | awaiting T+60 | — | $338.26 (+0.03%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $338.26 (+0.03%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $338.26 (+0.03%) |
Sep 25, 2026 4w ago | DEF 14A | $338.15 | awaiting T+60 | — | $338.26 (+0.03%) |
Sep 17, 2026 5w ago | 144 | $347.20 | awaiting T+60 | — | $338.26 (−2.57%) |
Jun 23, 2026 17w ago | 8-K | $377.56 $347.20 | ▼ −8.04% | ▼ −10.88% | $338.26 (−10.41%) |
Jun 18, 2026 18w ago | Insider Cluster | $355.11 $365.27 | ▲ +2.86% | ▲ +0.97% | $338.26 (−4.75%) |
US Market Status
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