Form 4: Liberty Energy CFO Michael Stock Sells 15,000 Shares
SEC Form 4 Filing
Michael Stock, CFO of Liberty Energy Inc., sold 15,000 shares of Class A Common Stock at a price of $20.01 per share on September 3, 2024, according to a Form 4 filing with the SEC.
Summary
- Michael Stock, the Chief Financial Officer of Liberty Energy Inc. (LBRT), sold 15,000 shares of Class A Common Stock on September 3, 2024.
- The sale was executed at a price of $20.01 per share.
- Following the transaction, Mr. Stock directly owns 750,207 shares of Liberty Energy Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 4, 2023, with sales commencing in March 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company executive. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company.
Industry Context
Sales by company executives are a normal part of corporate activity. It is important to consider the context of the sale, such as the use of a 10b5-1 trading plan, which allows insiders to sell shares at predetermined times to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-12-04 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 2024-03 | Sales began under the Rule 10b5-1 trading plan |
| 2024-09-03 | Date of the stock sale transaction |
| 2024-09-05 | Date of signature on the SEC Form 4 filing |
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