Key facts
- This page summarizes ProFrac Holding Corp.'s Form 4 filing for FLOTEK INDUSTRIES INC/CN/ (FTK).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 30 Apr 2025, 19:07.
ProFrac Holding Corp. - 28 Apr 2025 Form 4 Insider Report for FLOTEK INDUSTRIES INC/CN/ (FTK)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- FTK
- Reported as of
- 28 Apr 2025
- Net transaction value
- +$600
- SEC form
- 4
- Accepted by SEC
- 30 Apr 2025, 19:07:55 UTC
- Prior SEC filing
- 02 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ ProFrac Holding Corp., By: /s/ Steve Scrogham, Corporate Secretary
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
ProFrac Holding Corp. filed Form 4 for FLOTEK INDUSTRIES INC/CN/ (FTK) on 30 Apr 2025.
Change
- Previous filing in this sequence was filed on 02 Mar 2023.
- Current net transaction value: +$600.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FTK
transaction
Derivative
Warrants (right to buy)
Purchase
- Transaction value
- $600
- Shares
- +6,000,000
- Change %
- Price
- $0.000100*
- Shares after
- 6,000,000
- Date
- 28 Apr 2025
- Ownership
- By ProFrac GDM, LLC
- Underlying class
- Common Stock
- Underlying amount
- 6,000,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
ProFrac GDM, LLC, a Texas limited liability company ("ProFrac GDM"), directly holds the securities of the Issuer. ProFrac GDM is a wholly owned, indirect subsidiary of ProFrac Holdings II, LLC, a Texas limited liability company ("ProFrac Holdings II"). ProFrac Holdings, LLC, a Texas limited liability company ("ProFrac Holdings") is the sole member of ProFrac Holdings II. ProFrac Holdings is a wholly owned, indirect subsidiary of ProFrac Holding Corp., a Delaware corporation ("PubCo"). As a result, each of ProFrac Holdings II, ProFrac Holdings and PubCo may be deemed to beneficially own the securities directly held by ProFrac GDM. Each Reporting Person disclaims beneficial ownership of all securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any securities covered by this Form 4.
Footnote F2
On April 28, 2025, pursuant to an Asset Purchase Agreement, dated as of April 28, 2025, by and among ProFrac GDM, PubCo, the Issuer, PWRTEK, LLC, a Texas limited liability company and subsidiary of the Issuer ("PWRTEK"), and the other parties named therein, the Issuer issued a warrant to ProFrac GDM to purchase 6,000,0000 shares of the Issuer's Common Stock at an exercise price equal to $0.0001 per share (the "Warrant") as partial consideration for the sale of certain assets by ProFrac GDM to PWRTEK.
Footnote F3
The Warrant can be exercised on a cashless basis at any time following the date on which the Issuer's stockholders have approved the issuance of the shares of Common Stock underlying the Warrant (the "Stockholder Proposal"). Under certain circumstances, including if stockholder approval for the Stockholder Proposal is not timely obtained, ProFrac GDM may elect to convert the Warrant into a five-year promissory note in a principial amount that will be based upon the then deemed market value of the Warrant.