Form 4: Liberty Energy CFO Sells 20,000 Shares Under 10b5-1 Trading Plan

Liberty Energy's Chief Financial Officer, Michael Stock, sold 20,000 shares of Class A Common Stock at an average price of $20.8241, as part of a pre-arranged trading plan.

Summary

• Michael Stock, the Chief Financial Officer of Liberty Energy Inc., sold 20,000 shares of Class A Common Stock.
• The sale occurred on January 2, 2025, at a weighted average price of $20.8241 per share.
• The shares were sold under a Rule 10b5-1 trading plan adopted on September 12, 2024.
• The sale was executed in multiple transactions with prices ranging from $20.29 to $21.015 per share.
• Following the transaction, Mr. Stock directly owns 680,207 shares of Liberty Energy.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale under a pre-arranged trading plan, which is neither positive nor negative.

Industry Context

This is a routine disclosure of an insider stock sale under a pre-arranged trading plan, which is common practice for executives of publicly traded companies.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice for corporate insiders to avoid accusations of trading on non-public information.
• The sale of 20,000 shares is not unusual for a CFO of a company the size of Liberty Energy.
• Similar filings are regularly made by executives at comparable companies such as Halliburton (HAL) and Schlumberger (SLB).

Stakeholder Impact

• The sale of shares by a company executive may be perceived negatively by some shareholders, but the pre-arranged nature of the sale mitigates this concern.

Key Dates

Keywords

insider trading, Form 4, Rule 10b5-1, stock sale, equity securities, Liberty Energy, LBRT, Michael Stock, CFO