LB Form 4: Valerie Chase Receives 3,895 RSUs Vesting July 1, 2026

Rhea-AI Filing Summary

LandBridge Company LLC director Valerie Chase was granted 3,895 restricted stock units (Class A shares) on 08/27/2025 under the company’s Long-Term Incentive Plan. The RSUs vest on July 1, 2026, generally conditioned on continued service on the board through the vesting date. The filing reports 14,173 Class A shares beneficially owned by the reporting person after the grant. The Form 4 was filed as a single reporting-person filing and was signed by an attorney-in-fact on 08/28/2025. The grant appears recorded at a price of $0 in the Form 4 table.

Positive

• Director equity alignment: Grant of 3,895 RSUs aligns the reporting person’s interests with shareholders.
• Clear vesting schedule: RSUs vest on July 1, 2026, providing a defined retention incentive.
• Increased reported ownership: Beneficial ownership rises to 14,173 Class A shares after the grant.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A board-aligned, service-conditioned equity grant increases insider stake and ties compensation to continued service through mid-2026.

The grant of 3,895 RSUs to a director under the long-term incentive plan is a routine governance practice to align director interests with shareholders. Vesting is tied to continued board service until July 1, 2026, which is a common retention mechanism for non-employee directors. The post-grant beneficial ownership of 14,173 Class A shares signals a meaningful, though unspecified, ownership position relative to total outstanding shares (total outstanding not provided). No additional governance actions, departures, or related-party transactions are disclosed in this filing.

Securities Analyst

TL;DR: This is a standard insider equity award with limited immediate market impact absent further material company information.

From a securities perspective, the Form 4 records a non-derivative grant of RSUs vested on a future date, reported at $0 price, increasing reported beneficial ownership to 14,173 shares. The filing does not disclose exercise, sale, or hedging activity, and the grant’s absolute size relative to company capitalization is not included, limiting assessment of dilutive or market impact. The filing is informational and routine unless supplemented by material corporate disclosures.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chase Valerie

(Last) (First) (Middle)

5555 SAN FELIPE STREET, SUITE 1200

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LandBridge Co LLC [ LB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A shares	08/27/2025		A		3,895(1)	A	$0	14,173	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the grant of restricted stock units pursuant to the LandBridge Company LLC Long-Term Incentive Plan which vest on July 1, 2026, generally subject to continued service on the board of directors through such vesting date.

	/s/ Scott L. McNeely, Attorney-In-Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Valerie Chase report on Form 4 for LandBridge (LB)?

The Form 4 reports a grant of 3,895 restricted stock units (Class A shares) on 08/27/2025.

When do the RSUs granted to Valerie Chase vest?

The RSUs vest on July 1, 2026, generally subject to continued service on the board through that date.

How many Class A shares does the reporting person beneficially own after the grant?

The filing shows 14,173 Class A shares beneficially owned following the reported transaction.

Was the Form 4 filed by one person or a group and who signed it?

The Form 4 was filed by one reporting person and the form was signed by an attorney-in-fact on 08/28/2025.

At what price were the RSUs reported in the Form 4?

The Form 4 table reports a price of $0 for the restricted stock units.