Christopher A. Wright - Nov 22, 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
Nov 22, 2021
Transactions value $
$0
Form type
4
Date filed
11/24/2021, 06:29 PM
Previous filing
Nov 8, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRT Class B Common Stock Other +34.2K +57.2% 93.9K Nov 22, 2021 Direct F1
holding LBRT Class A Common Stock 3.35M Nov 22, 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 Other +34.2K +57.2% 93.9K Nov 22, 2021 Class A Common Stock 34.2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received these securities on November 22, 2021 in connection with a distribution by Big Box Proppant Investments LLC to its members.
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.