Key Points
The transaction involved 6,666 shares with an estimated value of ~$132,000 as of the September 1, 2026 transaction date.
The executive traded shares equal to 0.87% of the stake held before the filing.
The disposal was executed directly and does not include any reported indirect holdings.
The activity represents routine portfolio management conducted under a pre-established Rule 10b5-1 trading plan.
Michael Stock, Chief Financial Officer, reported a sale of 6,666 shares of Liberty Energy (NYSE:LBRT) at $19.84 per share on Sept. 1, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $132,253 |
| Shares sold | 6,666 |
| Post-transaction shares (directly held) | 760,379 |
| Post-transaction value | $15.3 million |
Transaction value based on SEC Form 4 weighted average sale price ($19.84); post-transaction value based on September 01, 2026, market close ($20.10).
Key questions
- How does this transaction relate to the executive's total equity position?
Following the sale of 6,666 shares, Michael Stock retains a direct ownership position of 760,379 shares. The current equity stake is valued at $15.3 million based on the Sept. 1, 2026, market close. - What is the regulatory context of this disposal?
The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on Feb. 17, 2026. This plan was established with a mandate for sales to begin in May 2026, providing a structured approach to liquidity. - What has been the recent performance of Liberty Energy shares?
As of the Sept. 1, 2026, transaction date, the stock has delivered a one-year total return of 65%, the shares were sold at a weighted average price of $19.84, within a daily range of $19.68 to $20.00. - What are the fundamental characteristics of the company?
Liberty Energy is a Denver-based energy services firm providing hydraulic fracturing and wireline services across North America. The company reported trailing twelve-month revenue of $4.2 billion and net income of $122.4 million as of the latest reporting period.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-01) | $20.10 |
| Market Capitalization | $3.3 billion |
| Revenue (TTM) | $4.2 billion |
| Net Income (TTM) | $122.4 million |
Company Snapshot
- Liberty Energy provides comprehensive hydraulic fracturing and wireline services to land-based oil and natural gas exploration and production companies across North America, generating revenue through pressure pumping, pumpdown perforating, wireline solutions, and proppant delivery systems.
- The company operates a service-based business model that delivers specialized oilfield services and equipment to upstream energy operators, with revenue derived from contracted service delivery and product sales to support well completion and production optimization.
- Liberty Energy serves independent and major oil and natural gas producers engaged in land-based exploration and production, positioning itself as a critical infrastructure provider in the North American upstream energy sector.
Liberty Energy is a leading provider of hydraulic fracturing and wireline services to the North American onshore oil and gas industry, with a TTM revenue base of $4.2 billion and a market capitalization of $3.3 billion.
The company maintains operational scale through a workforce of 5,800 employees and has demonstrated significant shareholder value creation, with a one-year stock price appreciation of 65%.
Liberty Energy's competitive positioning is anchored in its integrated service offerings and established customer relationships within the upstream energy sector.
What this transaction means for investors
This sale shouldn't concern investors. It was executed under a Rule 10b5-1 plan, which insiders can use to make transactions for personal financial management reasons that don't reflect a view on the company's fundamentals or valuation.
Moreover, the insider still retains a large stake of 760,379 shares.
Importantly, Liberty Energy has seen its TTM revenue grow by roughly 2% year over year. This was driven by recent strong execution and improving industry conditions.
The stock's pullback could be a buying opportunity, as analysts expect earnings to grow by around 38% annually over the coming years. The stock is not cheap, trading at an EV/EBITDA multiple of 8x, but if the company delivers, a strong earnings increase could lift the stock higher.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.