The CFO's $1.27M sale is routine in size relative to TPL's $27.3B market cap and does not signal material insider concern. Monitor for any subsequent larger insider sales or changes in corporate guidance, but this filing alone warrants no trading action.
Price Chart
Executive Summary
Texas Pacific Land Corp (TPL) CFO Chris Steddum sold $1.27M worth of stock in a single open-market transaction on June 5, 2026, while a 10% owner (Horizon Kinetics) made a nominal $395 purchase. The CFO's sale represents 0.005% of TPL's $27.3B market cap, which is trivial and routine. The cluster is mixed but dominated by the CFO's sale in dollar terms, though the amount is immaterial relative to company size. No material signal for traders.
Key Financial Metrics
Key Facts
- CFO Chris Steddum sold 3,170 shares at $400.25 for total proceeds of $1,268,792.50 on June 5, 2026.
- Horizon Kinetics Asset Management LLC (10% owner) purchased 1 share at $394.84 for $394.84 on the same day.
- Total cluster value is $1.27M, representing approximately 0.005% of TPL's $27.3B market cap.
- The CFO's sale is the dominant transaction by dollar value, but the amount is trivial relative to company size.
- No 10b5-1 plan or prior pattern information is available to assess routine selling.
Financial Impact
CFO sold $1.27M of stock; 10% owner bought $395. Net insider selling of ~$1.27M, but this is 0.005% of market cap — immaterial.
Risk Factors
- CFO sale could be part of a larger planned disposition not yet disclosed.
- No context on whether the sale was under a 10b5-1 plan or tax-related.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TPL-1781046084284 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $338.26 | awaiting T+60 | — | $333.46 (−1.42%) |
Oct 16, 2026 9d 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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