Long Jason Thomas 4

What Happened

• Jason Thomas, President & Chief Executive Officer and Director of LandBridge Company LLC (LB), had 33,425 Class A shares withheld on July 1, 2026 to satisfy tax withholding related to vesting and settlement of restricted stock units (RSUs). The withheld shares are valued at $72.30 each, totaling $2,416,628.

Key Details

• Transaction date and price: 2026-07-01; 33,425 shares withheld at $72.30 per share (total ≈ $2,416,628).
• Transaction type/code: Tax withholding on RSU settlement (footnote code F).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The issuer withheld Class A shares that would otherwise have been issued to the reporting person to satisfy tax withholding obligations under the LandBridge Long-Term Incentive Plan (per F1).
• Filing timeliness: Form 4 filed 2026-07-02 for a 2026-07-01 transaction — appears timely (Form 4 is typically due within two business days).

Context

• This was not an open-market sale by the insider; it was a routine withholding of shares to cover taxes when RSUs vested. Such withholdings are common and do not necessarily indicate a buy/sell signal about the insider’s view of the company.