TPL Texas Pacific Land Corp
Price Chart
Executive Summary
CFO Chris Stedum sold ~$1.56M in open-market sales over two trading days, while a 10% owner made four token $400 purchases ($1,591 total). The CFO's sales represent 0.0059% of TPL's $26.4B market cap — highly routine for a company of this size. The cluster is net selling by dollar value but immaterial relative to market cap, and the buy side is essentially symbolic. No non-routine catalyst is apparent.
Key Financial Metrics
Actionable Insight
This insider activity is commercially negligible. The CFO's sales may reflect tax or diversification planning, not a bearish signal. Monitor upcoming 10-Q for royalty income and production trends, as TPL's valuation is tied to Permian Basin activity — insider sales here carry no trading signal.
Key Facts
- CFO Chris Stedum sold 3,170 shares at ~$400.25 on 2026-06-05 ($1.27M) and 730 shares at ~$400.21 on 2026-06-08 ($292K); total $1.56M
- 10% owner Horizon Kinetics Asset Management made four single-share purchases totaling $1,591 — negligible in dollar terms
- Total cluster value is ~$1.56M (all selling by CFO), representing 0.0059% of TPL's $26.4B market cap
- Insider sales of this size are routine for a company of TPL's market cap and do not convey material non-public information
Financial Impact
CFO sold ~$1.56M of stock, a de minimis 0.0059% of market cap; no bearing on company financials
Risk Factors
- None from this filing alone; cluster size and value are far below materiality thresholds
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TPL-1781103872523 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
Insider Cluster
| $386.92 awaiting T+5 | awaiting T+5 | — | $378.91 (−2.07%) |
|
Jun 10, 2026
2d ago
|
Insider Cluster
| $382.09 awaiting T+5 | awaiting T+5 | — | $378.91 (−0.83%) |
|
Jun 9, 2026
3d ago
|
Insider Cluster
| $382.19 awaiting T+5 | awaiting T+5 | — | $378.91 (−0.86%) |
|
May 18, 2026
26d ago
|
8-K
| $386.61 $400.09 | ▲ +3.49% | ▲ +1.87% | $378.91 (−1.99%) |
|
May 7, 2026
5w ago
|
3
| $399.08 $386.51 | ▼ −3.15% | ▼ −4.65% | $378.91 (−5.05%) |
|
May 6, 2026
5w ago
|
8-K
| $399.08 $386.51 | ▼ −3.15% | ▼ −4.65% | $378.91 (−5.05%) |
|
Feb 25, 2026
15w ago
|
Insider Cluster
| $509.72 $536.11 | ▲ +5.18% | ▲ +6.28% | $378.91 (−25.66%) |
|
Feb 24, 2026
15w ago
|
Insider Cluster
| $531.34 $523.64 | ▼ −1.45% | ▼ −0.42% | $378.91 (−28.69%) |
|
Feb 24, 2026
15w ago
|
Insider Cluster
| $531.34 $523.64 | ▼ −1.45% | ▼ −0.42% | $378.91 (−28.69%) |
|
Feb 24, 2026
15w ago
|
Insider Cluster
| $531.34 $523.64 | ▼ −1.45% | ▼ −0.42% | $378.91 (−28.69%) |
US Market Status
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