Five Point Energy GP III LP

WBR Holdings LLC sold 5,894,826 shares (5.89M) of WBI at $30.05 for $177,139,521.30; retains 51,762,663 derivative shares

WBR Holdings LLC, a 10% owner, sold 5,894,826 shares of WaterBridge Infrastructure at $30.05 on 2026-06-22, reducing its non-derivative holdings from 7,875,747 to 1,980,921 shares (-74.8% of pre-transaction holdings). However, the insider retains substantial derivative holdings of 51,762,663 shares through WBI Operating LLC Units, meaning this represents a partial reduction of direct equity rather than an exit of the overall position. The transaction occurred when WBI's stock stood at -17.2% from its 52-week high of $36.21, and WBI itself reported strong fundamentals with annual revenue growth of +66.2%, though net income of $3,515,000 represents a relatively modest earnings conversion on the latest quarterly revenue of $200,977,000. The scale of this sale—$177.1M—reflects a significant liquidity event for a major shareholder, warranting investor scrutiny into the motivations and timing dynamics within the broader context of the company's strong growth trajectory.

Director LandBridge Holdings LLC sold 2,500,000 shares at $70.00 for $175,000,000 on 2025-11-18

LandBridge Holdings LLC (Director) sold 2,500,000 shares at $70.00 on 2025-11-18, generating $175,000,000 in proceeds. The sale occurred when LB traded at $70.00, well above the current price of $57.41 and 18.2% above the 52-week low of $48.86, but 32.9% below the 52-week high of $85.55. The director's prior sell at this ticker on 2025-05-23 was well-timed, with a 90-day return of -29.5%, consistent with the insider's cross-ticker track record showing a 100.00% well-timed rate on sells. The company's fundamentals show strong growth (annual revenue growth +50.9%, latest quarterly revenue $50.8M, net income $8.1M), but the elevated P/E of 205.04 reflects valuation expectations that remain disconnected from recent earnings. This transaction was a derivative-conversion event; the insider's post-sale Table I holding of 0 shares does not represent a complete position exit, as derivative securities holdings in Table II are not yet populated in this database.

Director LandBridge Holdings LLC sold 1,900,000 shares at $75.25 for $142,975,000.00

LandBridge Holdings LLC (Director) divested 1,900,000 shares of LB at $75.25 per share on 2025-05-23 for total proceeds of $142,975,000.00. The FLAG indicates this transaction involves a conversion of derivative securities; the insider's actual post-transaction position extends beyond the Table I shares_after figure of 0, residing partially or entirely in Table II derivative holdings not yet populated in this database, so this represents a sale of a specific derivative-conversion batch rather than a complete position exit. The current stock price of $76.14 sits -9.9% from the 52-week high of $84.50 and has moved +2.7% over 30 days and +17.3% over 90 days, indicating recent strength after a correction from peak levels. With annual revenue growth of +50.9%, robust net income of $6,464,000.00 in the latest quarter, and revenue of $43,951,000.00 per quarter, the company's operational momentum remains strong, though the elevated P/E of 271.93 reflects significant investor optimism that bears monitoring.