Liberty Energy (NYSE: LBRT) CLO corrects 33,726-share tax withholding entry
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Liberty Energy Inc. Chief Legal Officer Sean R. Elliott filed an amended insider report to correct a prior clerical error related to equity compensation tax withholding. The amendment states that 33,726 shares of Class A common stock were withheld at $27.92 per share to cover tax obligations, rather than the smaller amount previously reported. After this non-market, tax-withholding disposition, Elliott directly beneficially owns 350,474 shares of Liberty Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ELLIOTT R SEAN
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 33,726 | $27.92 | $942K |
Holdings After Transaction:
Class A Common Stock — 350,474 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 33,726 shares
Tax-withholding price: $27.92 per share
Shares owned after transaction: 350,474 shares
+1 more
4 metrics
Tax-withholding shares
33,726 shares
Shares delivered to satisfy tax obligations
Tax-withholding price
$27.92 per share
Value applied to withheld Liberty Energy shares
Shares owned after transaction
350,474 shares
Directly beneficially owned after tax withholding
Tax-withholding transactions
1 transaction, 33,726 shares
Summary of F-code tax-withholding activity
Key Terms
Form 4, tax withholding obligations, beneficially owned, Class A Common Stock, +1 more
5 terms
Form 4 regulatory
"The Reporting Person is amending the Form 4 filed on April 2, 2026 to correct"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax withholding obligations financial
"previously withheld to satisfy tax withholding obligations, which were originally understated"
beneficially owned financial
"the resulting number of shares of common stock beneficially owned by the Reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Liberty Energy (LBRT) disclose in this amended Form 4?
Liberty Energy reported that Chief Legal Officer Sean R. Elliott amended a prior Form 4 to correct a clerical error in tax-withholding shares, updating the number withheld and his resulting directly owned share balance.
Was this Liberty Energy insider transaction an open-market sale?
No. The transaction is coded as tax-withholding, meaning shares were delivered to cover tax obligations rather than sold in the open market, so it does not represent a discretionary buy or sell decision by the insider.
Why was Liberty Energy’s original Form 4 amended for this insider?
The amendment explains the original Form 4 understated the number of shares withheld for tax obligations and therefore misstated the insider’s post-transaction holdings, both of which are now corrected in this Form 4/A.