Is the tax-related share disposition in the Liberty Energy (LBRT) Form 4 an open-market sale?

No. The 16,547-share disposition is described as shares withheld to satisfy tax withholding obligations on vested performance RSUs and RSUs. It is a tax-withholding event, not an open-market sale transaction.

Liberty Energy (LBRT) CLO awarded 42,050 shares; 16,547 withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Liberty Energy Inc. Chief Legal Officer Sean R. Elliott received a grant of 42,050 shares of Class A Common Stock on April 1, 2026 upon vesting of performance-based restricted stock units. To cover tax withholding obligations, 16,547 shares were withheld at $27.92 per share, leaving him with 367,653 shares held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider ELLIOTT R SEAN

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	42,050	$0.00	--
Tax Withholding	Class A Common Stock	16,547	$27.92	$462K

Holdings After Transaction: Class A Common Stock — 384,200 shares (Direct)

Footnotes (1)

Shares of common stock issued to the Reporting Person on April 1, 2026 upon achievement of the performance criteria and vesting of performance restricted stock units granted on January 24, 2023. Represents shares withheld to satisfy the tax withholding obligations upon vesting of performance RSUs granted on January 24, 2023 and RSUs granted on January 24, 2023, January 22, 2024, and January 22, 2025.

Key Figures

Stock award: 42,050 shares Shares withheld for taxes: 16,547 shares at $27.92 Post-transaction holdings: 367,653 shares

3 metrics

Stock award 42,050 shares Class A Common Stock granted April 1, 2026 from vested performance RSUs

Shares withheld for taxes 16,547 shares at $27.92 Withheld to satisfy tax withholding obligations on vested RSUs

Post-transaction holdings 367,653 shares Directly held Class A Common Stock after April 1, 2026 transactions

Key Terms

performance restricted stock units, RSUs, tax withholding obligations

3 terms

performance restricted stock units financial

"upon achievement of the performance criteria and vesting of performance restricted stock units granted on January 24, 2023"

Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.

RSUs financial

"performance RSUs granted on January 24, 2023 and RSUs granted on January 24, 2023, January 22, 2024, and January 22, 2025"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"Represents shares withheld to satisfy the tax withholding obligations upon vesting of performance RSUs"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 08:18 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^*

ELLIOTT R SEAN

(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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		A		42,050⁽¹⁾	A	$0	384,200	D
Class A Common Stock	04/01/2026		F		16,547⁽²⁾	D	$27.92	367,653	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. Shares of common stock issued to the Reporting Person on April 1, 2026 upon achievement of the performance criteria and vesting of performance restricted stock units granted on January 24, 2023.

2. Represents shares withheld to satisfy the tax withholding obligations upon vesting of performance RSUs granted on January 24, 2023 and RSUs granted on January 24, 2023, January 22, 2024, and January 22, 2025.

Remarks:

	/s/ R. Sean Elliott	04/02/2026
	** 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) executive Sean R. Elliott report in this Form 4?

Sean R. Elliott reported receiving 42,050 shares of Liberty Energy Class A Common Stock on April 1, 2026 from vesting performance restricted stock units. A portion of these shares was simultaneously withheld to satisfy related tax obligations.

How many Liberty Energy (LBRT) shares were granted to Sean R. Elliott?

Sean R. Elliott was issued 42,050 shares of Class A Common Stock upon achievement of performance criteria and vesting of performance restricted stock units granted on January 24, 2023, as disclosed in the Form 4 footnotes.

How many Liberty Energy (LBRT) shares were withheld for taxes in this filing?

The filing shows 16,547 shares of Class A Common Stock were withheld at $27.92 per share to satisfy tax withholding obligations related to vesting performance RSUs and RSUs granted in 2023, 2024, and 2025.

What are Sean R. Elliott’s Liberty Energy (LBRT) holdings after these transactions?

After the award and tax-withholding disposition, Sean R. Elliott directly holds 367,653 shares of Liberty Energy Class A Common Stock. This total reflects his position following the April 1, 2026 transactions reported in the Form 4.