Were Liberty Energy (LBRT) CFO’s share sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on February 17, 2026. Such plans pre-schedule trades in advance, so the timing generally reflects a predetermined program rather than ad hoc market-timing decisions.

Planned sales: Liberty Energy (NYSE: LBRT) CFO sells 16,665 shares

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Liberty Energy Inc. Chief Financial Officer Michael Stock reported selling a total of 16,665 shares of Class A Common Stock in two open-market transactions. He sold 13,332 shares at $29.46 on June 1, 2026 and 3,333 shares at $31.00 on June 2, 2026.

After these sales, Stock directly holds 783,710 shares. The filing notes the sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 17, 2026, indicating these were scheduled portfolio-management trades rather than discretionary, one-off transactions.

Insider Trade Summary 10b5-1

Net Seller: 16,665 shares ($496,084)

Net Sell 2 txns

Insider Stock Michael

Role Chief Financial Officer

Sold 16,665 shs ($496K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,333	$31.00	$103K
Sale	Class A Common Stock	13,332	$29.46	$393K

Holdings After Transaction: Class A Common Stock — 783,710 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold June 1, 2026: 13,332 shares Shares sold June 2, 2026: 3,333 shares Total shares sold: 16,665 shares +3 more

6 metrics

Shares sold June 1, 2026 13,332 shares Open-market sale at $29.46 per share

Shares sold June 2, 2026 3,333 shares Open-market sale at $31.00 per share

Total shares sold 16,665 shares Aggregate of two open-market sales in June 2026

Holdings after June 2 sale 783,710 shares Direct Class A Common Stock owned by CFO after transactions

June 1 sale price $29.46 per share Class A Common Stock open-market sale price

June 2 sale price $31.00 per share Class A Common Stock open-market sale price

Key Terms

Class A Common Stock, open-market sale, Rule 10b5-1 trading plan

3 terms

Class A Common Stock financial

"Michael Stock reported selling a total of 16,665 shares of Class A Common Stock in two open-market transactions."

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.

open-market sale financial

"He sold 13,332 shares at $29.46 on June 1, 2026 and 3,333 shares at $31.00 on June 2, 2026 in open-market transactions."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Rule 10b5-1 trading plan regulatory

"The filing notes the sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 17, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 06:18 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stock Michael

(Last)

(First)

(Middle)

950 17TH STREET, SUITE 2400

(Street)

DENVER

COLORADO

80202

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Liberty Energy Inc. [ LBRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		S		13,332⁽¹⁾	D	$29.46	787,043	D
Class A Common Stock	06/02/2026		S		3,333⁽¹⁾	D	$31	783,710	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2026 for sales beginning in May 2026.

Remarks:

	/s/ Kamal Gala, attorney-in-fact for Michael Stock	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Liberty Energy (LBRT) CFO Michael Stock report in this Form 4?

Liberty Energy CFO Michael Stock reported two open-market sales totaling 16,665 Class A Common shares. The trades occurred on June 1 and June 2, 2026, and were executed under a pre-arranged Rule 10b5-1 trading plan adopted earlier in 2026.

How many Liberty Energy (LBRT) shares did the CFO sell and at what prices?

Michael Stock sold 13,332 Liberty Energy Class A Common shares at $29.46 on June 1, 2026, and 3,333 shares at $31.00 on June 2, 2026. Together, these transactions reduced his direct holdings by 16,665 shares.

How many Liberty Energy (LBRT) shares does the CFO hold after these transactions?

Following the June 2026 sales, Michael Stock directly holds 783,710 Liberty Energy Class A Common shares. This post-transaction balance in the Form 4 shows that the reported sales represent a relatively small portion of his overall direct equity position.

What type of transactions did Liberty Energy (LBRT) CFO Michael Stock execute?

Michael Stock executed open-market sales of Class A Common Stock, coded as “S” transactions. These are standard sale transactions on the market, not option exercises, gifts, or tax-withholding events, and they directly reduced his share count by 16,665 shares in total.

Does this Liberty Energy (LBRT) Form 4 show any derivative or option exercises?

No. The Form 4 transactions involve only non-derivative Class A Common Stock sales. The derivative section in the summarized data is empty, indicating no reported option exercises, conversions, or other derivative transactions associated with this specific filing.