Christopher A. Wright - Oct 5, 2023 Form 4 Insider Report for Liberty Energy 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 5, 2023
Transactions value $
-$510,843
Form type
4
Date filed
10/6/2023, 06:06 PM
Previous filing
Oct 3, 2023
Next filing
Oct 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRT Class A Common Stock Sale -$214K -12.9K -0.43% $16.63 3M Oct 5, 2023 Direct F1, F2
transaction LBRT Class A Common Stock Sale -$297K -17.6K -0.58% $16.92 2.99M Oct 6, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 8, 2023 for sales beginning in June 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.53 to $16.80, inclusive. The Reporting Person undertakes to provide to Liberty Energy Inc., any security holder of Liberty Energy Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.36 to $17.14, inclusive. The Reporting Person undertakes to provide to Liberty Energy Inc., any security holder of Liberty Energy Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.