ELLIOTT R SEAN 4

What Happened

• Elliott R. Sean, Chief Legal Officer of Liberty Energy (LBRT), was issued 42,050 shares on April 1, 2026 upon vesting of performance restricted stock units (RSUs). The shares were granted at $0.00 (award).
• To satisfy tax-withholding obligations, 16,547 of those shares were withheld/retained (reported as a disposition) at $27.92 per share, generating proceeds of $461,992. Net shares added to his ownership from this vesting event: 25,503 shares (42,050 granted − 16,547 withheld).
• This is an award/vesting transaction (A) with a routine tax-withholding disposition (F), not an open-market sale or purchase.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely filing).
• Award: 42,050 shares @ $0.00 (issued upon achievement of performance criteria; see footnote).
• Tax withholding: 16,547 shares @ $27.92 (disposed) = $461,992 withheld to cover taxes.
• Net shares received: 25,503.
• Shares owned following the transaction: not disclosed in the filing.
• Footnotes: F1 — shares issued upon achievement of performance criteria and vesting of performance RSUs granted Jan 24, 2023. F2 — withholding covers tax obligations for vested performance RSUs and RSUs granted Jan 24, 2023; Jan 22, 2024; and Jan 22, 2025.

Context

• This was a vesting/award event (performance RSUs vesting), not a market buy or a voluntary sale. The withholding of shares to cover taxes is a common, routine administrative action and does not by itself indicate insider bullish/bearish trading intent.
• The filing appears timely (filed the day after the vesting).