Horizon Kinetics Holding (HKHC) Form 4 Horizon Kinetics Holding / MURRAY STAHL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

STAHL MURRAY

(Last) (First) (Middle)

470 PARK AVENUE SOUTH

8TH FLOOR SOUTH

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Horizon Kinetics Holding Corp [ HKHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
CEO and CIO

3. Date of Earliest Transaction (Month/Day/Year)
11/27/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/27/2024		P		8	A	$41	248,690(1)	D
Common Stock	11/27/2024		P		6	A	$41	8,216,491(2)	I	Horizon Common Inc.
Common Stock								5	I	Spouse
Common Stock								823,863(3)	I	FRMO Corp.
Common Stock								6,900(4)	I	Kinetics Institutional Partners LP
Common Stock								5,810(4)	I	Kinetics Partners LP
Common Stock								951(4)	I	Horizon Kinetics Asset Management LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Mr. Stahl received 248,460 shares on August 1, 2024 in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc (HKHC). Of the shares reported, only 230 are available for trading.

2. 8,214,337 of the 8,216,491 shares reported, which were received on August 1, 2024 in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc.(HKHC), are not available for trading. Mr. Stahl owns approximately 21% of the shares reported and exercises discretion overshares of the Issuer. He disclaims beneficial ownership over the remaining shares.

3. The shares were received on August 1, 2024 in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc. (HKHC) and are not available for trading. Mr. Stahl owns approximately 16% of the shares reported and exercises discretion over shares of the Issuer. He disclaims beneficial ownership over the remaining shares.

4. Mr. Stahl exercises discretion over shares of the issuer and disclaims beneficial ownership except to the extent of his pecuniary interest.

	/s/ Jay Kesslen, attorney-in-fact	11/29/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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