LandBridge completes Delaware-to-Texas conversion; Class A/B shares convert 1:1, LB keeps NYSE listing

LandBridge Co LLC

Conversion effective 3:01 p.m. Central on Oct 13, 2026; Delaware LLC LandBridge Company LLC became Texas corporation LandBridge Corporation.
Each outstanding Class A and Class B share converted 1:1 into Class A/B common stock, $0.001 par; trading continued under 'LB' on NYSE and NYSE Texas (CUSIP 514952100).
Authorized capital is now 300M Class A, 500M Class B common and 100M preferred; OpCo units redeemable 1-for-1 for Class A stock under new OpCo LLC agreement.
Directors, executive officers and board committees were unchanged at the effective time; new indemnification agreements and Texas charter/bylaws adopted.
Charter names Texas Business Court (Eleventh Business Court Division) as exclusive forum, with ICC arbitration in Houston for non-covered disputes.

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