SEC Form 4 · accession 0001104659-26-071971
Texas Pacific Land Corp · TPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Steddum
Officer — Chief Financial Officer
Period of report
Jun 5, 2026
Accepted (ET)
Jun 9, 2026 · 7:00 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001811074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 5, 2026 | S | 3,170 | $400.25 | D | 12,870 | D | |
| Common StockF3 | Jun 8, 2026 | S | 730 | $400.21 | D | 12,140 | D | |
| Common StockF4 | Jun 8, 2026 | S | 100 | $401.18 | D | 12,040 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5 | — | holding | — | — | — | — | — | Common Stock | 2,079 | 2,079 | D |
| Restricted Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 1,590 | 1,590 | D |
| Restricted Stock UnitsF7 | — | holding | — | — | — | — | — | Common Stock | 2,753 | 2,753 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026.
- F2The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.98, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
- F3The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $400.00 to $400.77, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
- F4The price reported is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $401.05 to $401.34, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in the transaction at each separate price within the range set forth in this footnote.
- F5Each restricted stock unit ("RSU") has a value equal to one share of common stock. All of the RSUs reported vest on February 13, 2027.
- F6Each RSU has a value equal to one share of common stock. Of such RSUs, 795 vest on February 15 of each of 2027 and 2028.
- F7Each RSU has a value equal to one share of common stock. Of such RSUs, 917 vest on February 15, 2027 and 918 vest on February 15 of each of 2028 and 2029.