Landstar (LSTR) director Akbari gets 825-share grant and updates holdings

Rhea-AI Filing Summary

LANDSTAR SYSTEM INC director Homaira Akbari reported updated share holdings. She received a grant of 825 shares of common stock at no cost, increasing her direct ownership to 13,974 shares. Separately, 2,500 shares previously held in a Defined Benefit Plan were transferred to a traditional IRA account in her name, now reported as indirect ownership. The filing shows compensation-related share acquisition and an internal transfer between retirement accounts, with no open-market purchases or sales disclosed.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Akbari Dr. Homaira

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	825	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,974 shares (Direct, null); Common Stock — 2,500 shares (Indirect, by a traditional IRA account solely in Homaira Akbari's name)

Footnotes (1)

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Key Figures

Stock grant: 825 shares Direct holdings after grant: 13,974 shares Indirect IRA holdings: 2,500 shares +1 more

4 metrics

Stock grant 825 shares Common Stock grant on 2026-05-06 at $0.00 per share

Direct holdings after grant 13,974 shares Common Stock directly owned by Homaira Akbari after transaction

Indirect IRA holdings 2,500 shares Held by a traditional IRA account solely in her name

Defined Benefit Plan transfer 2,500 shares Moved from Defined Benefit Plan to traditional IRA for Akbari’s benefit

Key Terms

Grant, award, or other acquisition, traditional IRA account, Defined Benefit Plan, Form 4

4 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

traditional IRA account financial

"transferred to a traditional IRA account that is solely under Homaira Akbari's name"

Defined Benefit Plan financial

"2,500 shares previously owned by a Defined Benefit Plan for the benefit of Homaira Akbari"

A defined benefit plan is a retirement program that guarantees workers a specific monthly payment after they retire, with the employer responsible for funding whatever is needed to meet that promise. Investors care because these plans create long-term payment obligations that can affect a company’s cash flow and balance sheet—similar to a homeowner having a fixed mortgage the household must cover regardless of income swings.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Akbari Dr. Homaira

(Last) (First) (Middle)

13410 SUTTON PARK DRIVE SOUTH

(Street)

JACKSONVILLE FLORIDA 32224

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LANDSTAR SYSTEM INC [ LSTR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

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

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

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
Common Stock	05/06/2026		A		825	A	$0	13,974	D
Common Stock								2,500	I	by a traditional IRA account solely in Homaira Akbari's name(1)

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. 2,500 shares previously owned by a Defined Benefit Plan for the benefit of Homaira Akbari were transferred to a traditional IRA account that is solely under Homaira Akbari's name.

	/s/ Lauren W. Mapanoo, attorney-in-fact	05/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Dr. Homaira Akbari report in this Landstar (LSTR) Form 4?

Dr. Homaira Akbari reported a new stock award and an ownership transfer. She received 825 shares of Landstar common stock as a grant and now holds 13,974 shares directly, plus 2,500 shares indirectly through a traditional IRA account.

How many Landstar (LSTR) shares did Homaira Akbari receive as a grant?

She received a grant of 825 shares of Landstar common stock. The grant carried a reported price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase, and increased her directly held stake reported in the filing.

What are Homaira Akbari’s total direct Landstar (LSTR) holdings after the Form 4?

After the reported grant, Dr. Akbari directly holds 13,974 shares of Landstar common stock. This figure reflects her position following the 825-share award and is separate from additional shares she holds indirectly through a retirement account.

How many Landstar (LSTR) shares does Homaira Akbari hold indirectly through an IRA?

She holds 2,500 shares indirectly through a traditional IRA account solely in her name. These shares were previously owned by a Defined Benefit Plan for her benefit and were transferred into the IRA, changing the form of ownership reported.

Does this Landstar (LSTR) Form 4 show any open-market buying or selling by Homaira Akbari?

The Form 4 does not show any open-market buys or sells. It reports an 825-share grant valued at $0.00 per share and an internal transfer of 2,500 shares from a Defined Benefit Plan to a traditional IRA, both non-market transactions.

What does the transaction code "A" mean in this Landstar (LSTR) Form 4?

The transaction code “A” indicates a grant, award, or other acquisition. In this case, it refers to Dr. Akbari receiving 825 shares of Landstar common stock as a compensation-related award rather than purchasing them on the open market.