The small scale of buying suggests no strong conviction from institutional insiders, while the single larger sale by Donna E. Epps adds to recent insider selling trends. Traders should monitor for follow-up transactions, especially ahead of earnings or operational updates, but this cluster alone does not signal material concern or catalyst.
Price Chart
Executive Summary
A cluster of insider activity at Texas Pacific Land Corp (TPL) over the past week shows mixed signals: Horizon Kinetics Asset Management LLC made four small open-market purchases of 1 share each, while individual insider Donna E. Epps sold 895 shares for approximately $456,522. The selling represents a modest but notable transaction relative to recent insider activity, though still minimal compared to TPL's $36.6B market cap.
Key Financial Metrics
Key Facts
- Horizon Kinetics Asset Management LLC bought 1 share on four separate days (total 4 shares) at prices between $507 and $524, totaling ~$2,059.
- Donna E. Epps sold 895 shares in an open-market transaction on February 25, 2026, at $510.08 per share, realizing $456,522 in proceeds.
- All purchases were open-market (P) and minimal in size — likely administrative or rounding trades.
- Total value of the cluster: ~$458,581, representing just 0.00125% of TPL’s $36.6B market cap.
- Recent 30-day insider activity shows $3K in buys and $1.3M in sells, indicating a net selling trend among insiders.
Financial Impact
$456,522 in open-market insider selling, offset by $2,059 in token purchases; net selling pressure is minor relative to company size.
Risk Factors
- Interpretation bias: Tiny purchases (1 share) may be clerical or rebalancing, not strategic.
- Limited visibility: No filing context (e.g., 10-K, 8-K) provided to explain potential rationale behind the sale.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-TPL-1772561789167 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $338.26 | awaiting T+60 | — | $333.46 (−1.42%) |
Oct 16, 2026 10d ago | Institutional Cluster | $344.61 | awaiting T+60 | — | $333.46 (−3.24%) |
Oct 8, 2026 18d ago | DEFA14A | $360.98 | awaiting T+60 | — | $333.46 (−7.62%) |
Sep 25, 2026 4w ago | 8-K | $338.15 | awaiting T+60 | — | $333.46 (−1.39%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $333.46 (−1.39%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $333.46 (−1.39%) |
Sep 25, 2026 4w ago | DEF 14A | $338.15 | awaiting T+60 | — | $333.46 (−1.39%) |
Sep 17, 2026 5w ago | 144 | $347.20 | awaiting T+60 | — | $333.46 (−3.96%) |
Jun 23, 2026 17w ago | 8-K | $377.56 $347.20 | ▼ −8.04% | ▼ −10.88% | $333.46 (−11.68%) |
Jun 18, 2026 18w ago | Insider Cluster | $355.11 $365.27 | ▲ +2.86% | ▲ +0.97% | $333.46 (−6.10%) |
US Market Status
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