WATSON CHARLES L.

LandBridge Director Watson sold 53,350 shares across 3 transactions (March 2-6) for $3,974,475.68; reduced stake by 45.4%.

Charles L. Watson, a Director at LandBridge, executed 3 separate sales totaling 53,350 shares for $3,974,475.68 over a 4-day window (March 2–6, 2026), reducing his holdings from 117,600 to 64,250 shares. The sales were executed at prices ranging from $74.07 to $75.19, with a blended average of $74.50—near the current price of $72.39 and within the 52-week range of $44.20–$85.55. The timing of this sale occurs as the stock has appreciated 30.5% over the prior 30 days and 21.5% over 90 days, suggesting the sales may have been executed into near-peak valuations. Watson's sole prior buy at this ticker (July 2024) demonstrated strong timing, with 90-day returns of +134.1%, but this current large divest signals a material reduction in his exposure to the company despite LandBridge's strong recent financial performance (81.1% annual revenue growth, $50.8M quarterly revenue, and $8.1M net income).

Director Watson buys 117,600 shares of LB at $17.00 ($2.0M) in cluster with 2 other insiders within 14 days

Charles L. Watson, a director of LandBridge Co LLC, purchased 117,600 shares at $17.00 on 2024-07-01, representing his first share position at the company just 4 trading days after IPO listing. The transaction value totaled $1,999,200.00. This buy occurs as part of a broader insider accumulation pattern: 2 other insiders also purchased shares within the same 14-day window, suggesting synchronized board-level interest in building positions near the company's public market debut. With the stock trading at $24.00 as of 2024-07-03, the transaction price reflects an entry point approximately 29% below current levels, though such early IPO price movement is typical and 52-week context is not yet available to assess positioning durability. The cluster buy pattern warrants observation as an indicator of management's initial capital commitment to the newly listed entity.