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LBLandBridge Co LLC · Insider ownership research

LandBridge Co LLC insiders sold $717M in the past 12 months. How much of their stake is that?

Insiders sold $717M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, David Capobianco (Director), sold $713M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
3
buyers among officers and directors (3 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 9
officers and directors sold shares, past 12 months
Latest filing: Filed Aug 11 for a sale on Aug 7. David Capobianco sold 1.25M shares ($93.8M) with no plan disclosed. Filing
SEC ownership filings: 21 filed in the 12 months to Oct 13, 2026; 65 on record since Jun 27, 2024 · See the evidence

What stands out

Two directors sold $717M with no disclosed plan: David Capobianco ($713M) and Charles Watson ($4.0M). The filings don't state a reason.David Capobianco: largest such sale, Nov 18, 2025 · Charles Watson: largest such sale, Mar 2, 2026
Three officers bought shares: Jason Long (2.1K shares, $100K), Harrison Bolling (850 shares, $40K) and Scott McNeely (549 shares, $25K). These are the first purchases by current officers or directors in the filings on record.Jason Long: purchase, Jan 5, 2026 · Harrison Bolling: purchase, Jan 5, 2026 · Scott McNeely: purchase, Jan 6, 2026

A share of stake is shown for 0 of the 2 officers and directors who sold. 9 are left out

i
Left out: David Capobianco, Jason Long, Charles Watson, Scott McNeely, Harrison Bolling, Jason Williams, Ty Daul, Valerie Chase and Andrea Nicolas (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

David Capobianco
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$713MNo plan disclosed
Charles Watson
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.0MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $525M no plan disclosed$525MNovDecJanFebMar 2026: $4.0M no plan disclosedMarAprMayJunJulAug 2026: $188M no plan disclosedAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 7, 2026David Capobianco sold 2.50M shares ($188M) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
David Capobianco
Director
2,500,000$75.05 avgn/an/aAug 7, 2026Aug 11, 2026 +1 more

Common questions

Is the LandBridge Co LLC CEO selling stock?

No. Jason Long reported no open-market sales in the past 12 months.

Why are LandBridge Co LLC insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any LandBridge Co LLC insiders buying?

Yes. 3 officers or directors reported 3 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
David Capobianco
Director
$713M
10.00M shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Charles Watson
Director
$4.0M
53K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 9 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
David Capobianco
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Capobianco are complete.
Director
n/a−10.00Mn/an/a
Vesting, gifts, unvested awards and holding lines for David Capobianco

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Capobianco are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jason Long
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Long are complete.
President and Chief Executive Officer, Director, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Long

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Long are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−33Kwithheld by the company for taxes
Charles Watson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Watson are complete.
Director
n/a−53Kn/an/a
Vesting, gifts, unvested awards and holding lines for Charles Watson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Watson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Scott McNeely
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Scott McNeely are complete.
Executive Vice President, Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Scott McNeely

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scott McNeely are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−12Kwithheld by the company for taxes
Harrison Bolling
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Harrison Bolling are complete.
Executive Vice President and General Counsel
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Harrison Bolling

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Harrison Bolling are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−9.2Kwithheld by the company for taxes
Jason Williams
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Williams are complete.
Executive Vice President, Chief Administrative Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Williams

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Williams are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−9.8Kwithheld by the company for taxes
Ty Daul
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ty Daul are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ty Daul

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ty Daul are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Valerie Chase
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Valerie Chase are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Valerie Chase

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Valerie Chase are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Andrea Nicolas
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrea Nicolas are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrea Nicolas

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrea Nicolas are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for LandBridge Co LLC are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$717M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $717M across 10,053,350 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $717M

Sales with no 10b5-1 plan and no tax reference in the filing. $713M of it is David Capobianco. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Capobianco, Nov 18, 2025

Taxes

64,523 shares ($4.7M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 3 buyers (3 trades)

3 officers and directors bought shares in this period, in 3 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 3 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
David Capobianco
Director
10.00M$713M0%99%Nov 18, 2025 to Aug 7, 2026
Charles Watson
Director
53K$4.0M0%0.6%Mar 2, 2026 to Mar 6, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$525M$0$0$525M
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$4.0M$0$0$4.0M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$188M$0$0$188M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Known gaps and uncertainty9 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for LandBridge Co LLC are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology65 filings on record, 21 filed in the 12-month period, and how we read them

All 65 Forms 3, 4 and 5 on record for LandBridge Co LLC (SEC CIK 1995807), filed from Jun 27, 2024 to Aug 11, 2026; 21 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (5)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Frank Bayouth IINo balance on record
Matthew MorrowNo balance on record
Michael SultonNo balance on record
Benjamin MooreNo balance on record
Kara HarlingNo balance on record

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