Quick Takeaways
- This page summarizes Christopher A. Wright's Form 4 filing for Liberty Oilfield Services Inc. (LBRT).
- 2 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 28 Oct 2021, 20:27.
Christopher A. Wright - 26 Oct 2021 Form 4 Insider Report for Liberty Oilfield Services Inc. (LBRT)
- Signature
- /s/ R. Sean Elliott, attorney-in-fact for Christopher A. Wright
- Issuer symbol
- LBRT
- Transactions as of
- 26 Oct 2021
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 28 Oct 2021, 20:27:34 UTC
- Previous filing
- 20 Oct 2021
- Next filing
- 08 Nov 2021
- SEC
- View on sec.gov
Quoteable Key Fact
"Christopher A. Wright filed Form 4 for Liberty Oilfield Services Inc. (LBRT) on 28 Oct 2021."
What Changed
- Previous filing in this sequence was filed on 20 Oct 2021.
- Current net transaction value: $0.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
LBRT
transaction
Class B Common Stock
Award
- Transaction value
- Shares
- +59,720
- Change %
- Price
- Shares after
- 59,720
- Date
- 26 Oct 2021
- Ownership
- Direct
- Footnotes
- F1
LBRT
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,367,552
- Date
- 26 Oct 2021
- Ownership
- Direct
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
LBRT
transaction
Derivative
Units
Award
- Transaction value
- Shares
- +59,720
- Change %
- Price
- Shares after
- 59,720
- Date
- 26 Oct 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 59,720
- Exercise price
- Footnotes
- F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Such reporting person acquired these securities in connection with the terms of that certain unit purchase agreement, dated October 26, 2021, by and among Liberty Oilfield Services LLC, an indirect subsidiary of the Liberty Oilfield Services Inc. (the "Issuer"), the equity holders of PropX Express Investments, LLC, and each of (i) Hi-Crush PODS LLC and (ii) Big Box Proppant Investments LLC, acting jointly, in their capacity as the sellers representative thereunder. |
| F2 | "Units" means ownership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). The Issuer is sole managing member of Liberty LLC |
| F3 | The limited liability company agreement of Liberty LLC provides certain holders of Units with certain rights to cause Liberty LLC to acquire all or a portion of the Units (the "Redemption Right") for, at Liberty LLC's election, (a) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (b) an equivalent amount of cash based on the 30-day volume weighted average price of Class A Common Stock ending on the trading day that is immediately prior to the date that the Redemption Right is exercised. The Units and the right to exercise the Redemption Right have no expiration date. |