Form 4: Liberty Energy Inc. Director Cary D. Steinbeck Sells Shares

Director Cary D. Steinbeck of Liberty Energy Inc. (LBRT) sold a significant number of Class A common stock shares in early March 2024.

Summary

• On March 6, 2024, Cary D. Steinbeck, a director of Liberty Energy Inc., sold 50,000 shares of Class A common stock at a weighted average price of $21.26.
• These shares were sold in multiple transactions with prices ranging from $21.175 to $21.41.
• Following this transaction, Steinbeck indirectly owns 329,350 shares through the Steinbeck Family Trust.
• On March 7, 2024, Steinbeck sold an additional 50,054 shares of Class A common stock at a weighted average price of $21.88.
• These shares were sold in multiple transactions with prices ranging from $21.24 to $22.155.
• Following this transaction, Steinbeck directly owns 19,548 shares and indirectly owns 9,805 shares through the Cary Dustin Steinbeck & Melissa Maucione Crimson Steinbeck TR.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sales in various ways.

Industry Context

This filing reflects insider trading activity, which is a common occurrence. Investors often monitor these filings to gauge sentiment about the company's prospects.

Stakeholder Impact

• Shareholders may react to the stock sales, potentially influencing the stock price.
• The sales could be perceived as a lack of confidence by a company insider, or simply part of a personal financial strategy.

Key Dates