Johnathan Ladd Wilks - Mar 29, 2024 Form 4 Insider Report for ProFrac Holding Corp. (ACDC)

Role
Chief Executive Officer
Signature
/s/ Steven Scrogham, Attorney-in-Fact
Stock symbol
ACDC
Transactions as of
Mar 29, 2024
Transactions value $
$659,997
Form type
4
Date filed
4/2/2024, 05:21 PM
Previous filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACDC Class A common stock, par value $0.01 per share Award $660K +78.9K +74.96% $8.36 184K Mar 29, 2024 Direct F1, F2
holding ACDC Class A common stock, par value $0.01 per share 1.22M Mar 29, 2024 Through Limited Partnership F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units granted to the reporting person under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share.
F2 Includes an adjustment to the number of securities beneficially owned as described in that certain amended Form 4 filed on April 2, 2024.
F3 KWELL Holdings, LP ("KHLP"), a Texas limited partnership, directly holds these securities. KWELL Group, LLC ("KWELL Group"), a Texas limited liability company, as General Partner of KHLP, has exclusive voting and investment control over the shares of Class A common stock held by KHLP, and therefore may be deemed to beneficially own such shares. Ladd Wilks, as manager of KWELL Group, may exercise voting and investment power over the shares of the Issuer's Class A common stock directly owned by KHLP. The Reporting Person disclaims beneficial ownership of all equity securities being reported herein except to the extent of his pecuniary interest therein.