Was the LANDSTAR SYSTEM INC (LSTR) share grant to James L. Liang an open-market purchase?

No. The 825 shares reported for James L. Liang were acquired as a grant or award at a stated price of $0.00 per share. This indicates a compensation-related issuance, not an open-market purchase on a stock exchange.

What transaction code was used for James L. Liang’s LANDSTAR SYSTEM INC (LSTR) share grant?

The Form 4 lists transaction code "A" for James L. Liang’s 825-share acquisition. Code "A" denotes a grant, award, or other acquisition of securities, distinguishing it from open-market buys or sales of LANDSTAR SYSTEM INC common stock.

Landstar (LSTR) director Liang awarded 825 common shares in Form 4 filing

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LANDSTAR SYSTEM INC director James L. Liang received a grant of 825 shares of common stock. The shares were acquired as a compensation-related grant at a reported price of $0.00 per share. Following this award, Liang directly holds 4,658 common shares and indirectly holds 220 shares through a Traditional IRA.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Liang James L

Role null

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

Holdings After Transaction: Common Stock — 4,658 shares (Direct, null); Common Stock — 220 shares (Indirect, by Traditional IRA for benefit of James L. Liang)

Footnotes (1)

Key Figures

Shares granted: 825 shares Grant price: $0.00 per share Direct holdings after grant: 4,658 shares +1 more

4 metrics

Shares granted 825 shares Common stock grant to James L. Liang with code A

Grant price $0.00 per share Reported price for 825-share compensation grant

Direct holdings after grant 4,658 shares Common stock directly owned by James L. Liang

Indirect holdings 220 shares Common stock held by Traditional IRA for Liang’s benefit

Key Terms

Grant, award, or other acquisition, Traditional IRA, indirect ownership

3 terms

Grant, award, or other acquisition financial

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

Traditional IRA financial

"nature_of_ownership": "by Traditional IRA for benefit of James L. Liang""

indirect ownership financial

""ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

05/08/2026 - 08:02 AM

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^*

Liang James L

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		A		825	A	$0	4,658	D
Common Stock								220	I	by Traditional IRA for benefit of James L. Liang

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did James L. Liang report at LANDSTAR SYSTEM INC (LSTR)?

Director James L. Liang reported receiving a grant of 825 shares of LANDSTAR SYSTEM INC common stock. The award was recorded at a price of $0.00 per share and reflects compensation rather than an open-market purchase or sale of shares.

How many LANDSTAR SYSTEM INC (LSTR) shares does James L. Liang now directly hold?

After the reported grant, James L. Liang directly holds 4,658 shares of LANDSTAR SYSTEM INC common stock. This figure reflects his direct ownership position as of the transaction date disclosed in the Form 4 insider filing with the SEC.

Does James L. Liang have any indirect ownership in LANDSTAR SYSTEM INC (LSTR)?

Yes. In addition to his direct holdings, James L. Liang indirectly owns 220 shares of LANDSTAR SYSTEM INC common stock. These shares are held by a Traditional IRA for his benefit, as indicated in the Form 4 ownership details.