Form 4: Liberty Energy Inc. Chairman and CEO Christopher A. Wright Sells Shares
SEC Form 4 Filing
Christopher A. Wright, Chairman and CEO of Liberty Energy Inc., sold a portion of his Class A Common Stock holdings between August 1st and August 2nd, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Christopher A. Wright, the Chairman and CEO of Liberty Energy Inc., executed multiple sales of Class A Common Stock on August 1st and 2nd, 2024.
- These transactions were conducted under a pre-existing Rule 10b5-1 trading plan adopted on December 13, 2023.
- On August 1st, 18,500 shares were sold at a weighted average price of $22.715, and 1,500 shares were sold at a weighted average price of $23.662.
- On August 2nd, 19,800 shares were sold at a weighted average price of $21.239, and 200 shares were sold at $21.99.
- Following these transactions, Wright directly owns 2,698,813 shares of Liberty Energy Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating routine transactions. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific positive or negative information.
Industry Context
Executive share sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The share sales could have a minor negative impact on shareholder sentiment, although the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 12/13/2023 | Rule 10b5-1 trading plan adopted by Christopher A. Wright |
| 08/01/2024 | Sale of 18,500 shares of Class A Common Stock at a weighted average price of $22.715 |
| 08/01/2024 | Sale of 1,500 shares of Class A Common Stock at a weighted average price of $23.662 |
| 08/02/2024 | Sale of 19,800 shares of Class A Common Stock at a weighted average price of $21.239 |
| 08/02/2024 | Sale of 200 shares of Class A Common Stock at $21.99 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.