Christopher A. Wright - Oct 26, 2021 Form 4 Insider Report for Liberty Oilfield Services Inc. (LBRT)

Role
Chairman of the Board & CEO, Director
Signature
/s/ R. Sean Elliott, attorney-in-fact for Christopher A. Wright
Stock symbol
LBRT
Transactions as of
Oct 26, 2021
Transactions value $
$0
Form type
4
Date filed
10/28/2021, 08:27 PM
Previous filing
Oct 20, 2021
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRT Class B Common Stock Award +59.7K 59.7K Oct 26, 2021 Direct F1
holding LBRT Class A Common Stock 3.37M Oct 26, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LBRT Units Award +59.7K 59.7K Oct 26, 2021 Class A Common Stock 59.7K Direct 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.