LSTR Form 144: Restricted stock sale notice

Rhea-AI Filing Summary

Landstar System filed a Form 144 notice reporting proposed sales of Common Stock tied to restricted stock vesting. The filing lists an aggregate line with $5,352,195.42, a numeric value 26443, and 33,928,000 on 05/27/2026. The schedule itemizes multiple restricted share vesting entries with dates from 02/02/2018 through 01/31/2025, each labeled "Restricted stock vesting under a registered plan" and "Services Rendered."

Insights

Compliance Counsel

Form 144 lists proposed resale of vested restricted shares; transaction timing and purchaser details are not provided.

The filing provides a numeric header line including $5,352,195.42, 26443, and 33,928,000 dated 05/27/2026, plus detailed vesting rows (e.g., 6,362 shares vesting 01/31/2020). This structure matches a notice of intent to sell pursuant to Rule 144 reporting mechanics.

Cash‑flow treatment and exact sale methods are not shown in the provided excerpt; subsequent broker or transaction reports would specify actual transfers. Future filings or trade reports would confirm execution details.

Key Figures

Header numeric value: $5,352,195.42 Header numeric count: 26,443 Header numeric field: 33,928,000 +4 more

7 metrics

Header numeric value $5,352,195.42 Header line dated 05/27/2026

Header numeric count 26,443 Numeric field on the header line dated 05/27/2026

Header numeric field 33,928,000 Numeric field on the header line dated 05/27/2026

Restricted shares vesting example 6,362 shares Restricted stock vesting under a registered plan on 01/31/2020

Restricted shares vesting example 7,265 shares Restricted stock vesting under a registered plan on 01/31/2023

Restricted shares vesting example 3,534 shares Restricted stock vesting under a registered plan on 01/31/2024

Restricted shares vesting example 1,057 shares Restricted stock vesting under a registered plan on 01/31/2025

Key Terms

Form 144, Restricted stock vesting, Issuer, Services Rendered

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted stock vesting financial

"Restricted stock vesting under a registered plan"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Issuer financial

"Restricted stock vesting under a registered plan | Issuer"

Services Rendered other

"Services Rendered Common"

FAQ

What does the LSTR Form 144 report show?

It reports a notice of proposed sales of Common Stock tied to vested restricted shares. The filing lists multiple vesting entries and a header line with $5,352,195.42 dated 05/27/2026.

Which vested restricted share dates and amounts appear in the filing for LSTR?

The excerpt itemizes vesting dates from 02/02/2018 to 01/31/2025, with sample amounts such as 6,362, 1,302, and 7,265 shares shown under "Restricted stock vesting under a registered plan."

Does the Form 144 state how the shares will be sold for LSTR?

The provided excerpt does not specify sale methods or purchasers. It lists vesting events and numeric totals but does not describe broker-dealer transactions or exact disposition mechanics.

Is the cash value shown in the LSTR excerpt the proceeds from sale?

The filing shows $5,352,195.42 on the header line. The excerpt does not link that amount explicitly to net proceeds or confirm the sale has occurred.

Who is listed as the broker or intermediary in the LSTR filing?

The excerpt names "Morgan Stanley Smith Barney LLC Executive Financial Services" in the header, associated with the Common stock line and the 05/27/2026 entry.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 04:05 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001329014
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LANDSTAR SYSTEM, INC.
SEC File Number	000-21238
Address of Issuer	13410 Sutton Park Drive South Jacksonville FLORIDA 32224
Phone	(904) 398-9400
Name of Person for Whose Account the Securities are To Be Sold	MICHAEL KNELLER
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	former affiliate

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	26443	5352195.42	33928000	05/27/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/31/2020	Restricted stock vesting under a registered plan	Issuer			6362	01/31/2020	Services Rendered
Common	01/31/2022	Restricted stock vesting under a registered plan	Issuer			1302	01/31/2022	Services Rendered
Common	02/01/2019	Restricted stock vesting under a registered plan	Issuer			613	02/01/2019	Services Rendered
Common	02/02/2018	Restricted stock vesting under a registered plan	Issuer			552	02/02/2018	Services Rendered
Common	01/31/2018	Restricted stock vesting under a registered plan	Issuer			5194	01/31/2018	Services Rendered
Common	01/31/2023	Restricted stock vesting under a registered plan	Issuer			7265	01/31/2023	Services Rendered
Common	01/29/2021	Restricted stock vesting under a registered plan	Issuer			564	01/29/2021	Services Rendered
Common	01/31/2024	Restricted stock vesting under a registered plan	Issuer			3534	01/31/2024	Services Rendered
Common	01/31/2025	Restricted stock vesting under a registered plan	Issuer			1057	01/31/2025	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	05/27/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Michael K Kneller
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)