Form 4: Liberty Energy CFO Michael Stock Sells Shares Under 10b5-1 Trading Plan

Michael Stock, CFO of Liberty Energy Inc., sold 4,374 shares of Class A Common Stock at a weighted average price of $21.0134 on July 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 11, 2024, Michael Stock, the Chief Financial Officer of Liberty Energy Inc., sold 4,374 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $21.0134 per share.
• The transactions occurred within a price range of $21.01 to $21.02.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on December 4, 2023, with sales beginning in March 2024.
• Following the transaction, Michael Stock still beneficially owns 785,207 shares of Liberty Energy Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a routine transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information. The impact on the company is likely minimal.

Stakeholder Impact

• The sale of shares by a high-ranking officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates