Chris Steddum

CFO Chris Steddum sells 4,000 shares ($1.6M) via 10b5-1 plan at TPL; stock down -27.2% in 90 days

Chris Steddum, Chief Financial Officer at Texas Pacific Land Corp, executed 3 separate sales totaling 4,000 shares for $1,601,063.80 on 2026-06-05 and 2026-06-08, reducing his holdings from 16,040 shares to 12,040 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted 2026-03-05, meaning the sales were scheduled rather than discretionary. At the time of sale, his blended average price was $400.27; the stock now trades at $382.11, down -27.2% over the 90-day period and -30.2% from its 52-week high of $547.20. His prior sales at Texas Pacific Land Corp (5 trades in 2025) saw average 90-day post-sale declines of -71.0% to -71.3%, indicating a systematic pattern where his scheduled sales have been followed by substantial equity depreciation at this specific ticker.

TPL CFO sells 536 shares across 30 transactions for $697,378.60 at avg $1,301.08; now down to 3,716 shares post-sale.

Chris Steddum, TPL's Chief Financial Officer, executed 30 separate sales totaling 536 shares for $697,378.60 on March 14, 2025, at a blended average price of $1,301.08 per share. This represents a material reduction in his holdings from 4,252 shares to 3,716 shares, a decline of 12.6% of pre-transaction holdings. The filing provides no FLAG indicating a pre-arranged 10b5-1 trading plan, suggesting these were discretionary sales by the CFO. Current market price of $446.53 is 65.7% below the sales prices at which Steddum executed these transactions, indicating a substantial subsequent decline in the stock's valuation since the sale dates. The multi-transaction structure and the CFO's direct involvement warrant investor attention to any concurrent company developments or forward-looking guidance that may contextualize his decision to reduce his shareholdings at that time.