David Capobianco sells $93.8 million LandBridge (LB) shares

LandBridge Co LLC (LB) reported that its director and 10% owner, David N. Capobianco, sold 1.25 million shares on August 7, 2026 for a total of $93.8 million. At the time of the sale, each share was valued at $75.05. Since the sale, the stock price has risen to $83.91, marking an 11.8% increase from the sale price. The shares are currently near their 52-week high of $88.

Over the past year, the company's shares have risen 62%, and year-to-date, they have increased by 72%. The transaction was facilitated through LandBridge Holdings LLC, an entity controlled by Mr. Capobianco. This sale followed a redemption process where 1.25 million units of DBR Land Holdings LLC (OpCo Units), along with the cancellation of an equal number of Class B shares, were converted into Class A shares.

These shares were acquired without any consideration as part of the redemption process and were subsequently sold. As a result of these transactions, Mr. Capobianco’s indirect beneficial ownership through LandBridge Holdings LLC now includes 47.16 million OpCo Units. He has disclaimed any beneficial ownership of OpCo Units and Class B shares beyond his financial interest in them.

The company has reported record revenue for the second quarter of 2026, with $66.8 million in revenue, a 41% increase from the previous year and a 31% rise from the first quarter. This growth was driven by stronger surface use royalties, increased water-related activities, and higher oil and gas royalties due to higher prices. LandBridge has not reported any major mergers or acquisitions and there were no recent analyst upgrades or downgrades.