Farris & Jo Ann Wilks 2022 Family Trust - 12 May 2022 Form 3 Insider Report for ProFrac Holding Corp. (ACDC)

Footnote F1

The Reporting Person owns an indeterminate number of the reported securities which will be determined based on an appraisal. If as a result of such appraisal it is determined that the Reporting Person owns a different number of the Reported Securities than reported in this Form 3, the Reporting Person intends to amend this Form 3 to reflect its ownership of such lesser number of the reported securities.

Footnote F2

Farris and Jo Ann Wilks 2022 Family Trust, a Texas irrevocable trust, directly holds the securities of the Issuer. Farris Wilks serves as a trustee of such trust and, in such capacity has voting and dispository power over the shares of Class A common stock owned by such trust, and therefore may be deemed to beneficially own such shares. Jo Ann Wilks serves as a trustee of such trust and, in such capacity has dispository power over the shares of Class A common stock owned by such trust, and therefore may be deemed to beneficially own such shares

Footnote F3

(Continued from Footnote 2) Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 3.

Footnote F4

Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each Unit may be coupled with a share of Class B common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Third Amended and Restated Limited Liability Company Agreement of ProFrac Holdings, LLC (the "ProFrac Holdings LLC Agreement"), newly-issued shares of Class A common stock of the Issuer on a one-for-one basis or for a cash payment to be determined pursuant to the ProFrac Holdings LLC Agreement for each Unit redeemed. The Units do not expire.