WATSON CHARLES L. 4
4 · LandBridge Co LLC · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
LandBridge (LB) Director Charles L. Watson Sells Shares
What Happened
- Charles L. Watson, a director of LandBridge Company LLC (LB), disposed of a total of 53,350 shares in three open‑market/private sales between March 2 and March 6, 2026. The transactions: 30,680 shares on 2026-03-02 at $74.07 ($2,272,348), 9,670 shares on 2026-03-04 at a weighted average $75.19 ($727,072), and 13,000 shares on 2026-03-06 at $75.00 ($975,056). These were sales (not purchases), which are often routine liquidity events rather than a signal of company outlook.
Key Details
- Transaction dates and prices:
- 2026-03-02: Sold 30,680 @ $74.07 = $2,272,348
- 2026-03-04: Sold 9,670 @ weighted avg $75.19 (range $75.1477–$75.6468) = $727,072 (footnote F2)
- 2026-03-06: Sold 13,000 @ $75.00 = $975,056
- Total: 53,350 shares sold for ~$3,974,476.
- Shares owned after transaction: The Form 4 does not state a precise post‑sale total. The filing notes (F1) beneficial ownership of 64,250 Class A shares held by Wincrest Ventures, LP (which Mr. Watson may be deemed to control).
- Footnotes of note:
- F1 explains the 64,250 Class A shares are held by Wincrest Ventures and that Watson may be deemed the beneficial owner due to his control of that entity; he disclaims ownership beyond any pecuniary interest.
- F2 clarifies the 3/4/26 price was a weighted average from multiple trades.
- Timeliness: The Form 4 was filed on 2026-03-06 and reports a sale on 2026-03-02; because Form 4s are generally due within two business days of the transaction, the 3/2 trade appears to have been reported late.
Context
- These were straight sales (transaction code S) — not option exercises, awards, or gifts — so there's no immediate complexity like cashless exercise to explain. As with most insider sales, this filing is factual disclosure of dispositions and should not be interpreted alone as a definitive signal about company prospects.
Insider Transaction Report
Form 4
WATSON CHARLES L.
Director
Transactions
- Sale
Class A shares
[F1]2026-03-02$74.07/sh−30,680$2,272,348→ 86,920 total(indirect: See Footnote) - Sale
Class A shares
[F2][F1]2026-03-04$75.19/sh−9,670$727,072→ 77,250 total(indirect: See Footnote) - Sale
Class A shares
[F1]2026-03-06$75.00/sh−13,000$975,056→ 64,250 total(indirect: See Footnote)
Holdings
- 9,554
Class A shares
Footnotes (2)
- [F1]Includes 64,250 Class A shares representing limited liability company interests (the "Class A shares") in LandBridge Company LLC that are directly held by Wincrest Ventures, LP ("Wincrest Ventures"). The reporting person is the chief executive officer of Wincrest Ventures, and the reporting person and his wife jointly own 100% of the ownership interests in Wincrest Investments Inc., the sole general partner of Wincrest Ventures. As a result of the foregoing, the reporting person may exercise voting and investment control over the Class A shares held by Wincrest Ventures and may be deemed to be the beneficial owner thereof. The reporting person disclaims beneficial ownership of Class A shares in excess of his pecuniary interest therein, if any.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.1477 to $75.6468 per share.
Signature
/s/ Scott L. McNeely, Attorney-In-Fact|2026-03-06