LandBridge Announces Pricing Of Secondary Public Offering Of 2.5M Class A Shares At A Price Of $71/Share

LandBridge Company LLC (NYSE:LB) ("LandBridge" or the "Company") today announced the pricing of an underwritten public offering of 2,500,000 Class A shares representing limited liability company interests ("Class A shares"), at a price to the public of $71.00 per share, by LandBridge Holdings LLC (the "Selling Shareholder"). LandBridge will not sell any Class A shares in the offering and will not receive any proceeds therefrom. The Selling Shareholder granted the underwriter a 30-day option to purchase up to an additional 375,000 Class A shares to cover sales by the underwriter in the initial offering of the Class A shares or in the open market.

Goldman Sachs & Co. LLC is serving as the sole book-running manager for the offering. The offering is expected to close on November 18, 2025, subject to customary closing conditions.