ProFrac (ACDC) CEO cash-settles RSUs and retains sizable shareholdings

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ProFrac Holding Corp. Chief Executive Officer Johnathan Ladd Wilks reported compensation-related share dispositions tied to vested restricted stock units (RSUs). On March 27, 2026, he disposed of 19,650 and 21,306 shares of Class A common stock to the issuer at $6.63 per share, reflecting partial disposals of RSUs granted on March 28, 2024 and March 28, 2025 that vested and were settled in cash.

An additional 13,895 shares were disposed with no stated price to satisfy withholding taxes upon vesting of these RSU grants under the 2022 Long Term Incentive Plan, leaving Wilks with 178,559 shares held directly. Indirectly, 1,275,835 shares are held by KWELL Holdings, LP, over which KWELL Group, LLC has voting and investment control; Wilks may exercise power as manager of KWELL Group but disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Wilks Johnathan Ladd

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Disposition	Class A common stock, par value $0.01 per share	19,650	$6.63	$130K
Disposition	Class A common stock, par value $0.01 per share	21,306	$6.63	$141K
Tax Withholding	Class A common stock, par value $0.01 per share	13,895	$0.00	--
holding	Class A common stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Class A common stock, par value $0.01 per share — 213,760 shares (Direct); Class A common stock, par value $0.01 per share — 1,275,835 shares (Indirect, Through Limited Partnership)

Footnotes (1)

Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2024, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2024 will vest March 26, 2027, subject to the reporting person's continued employment and good standing through the applicable vesting date. Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2025, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2025 will vest equally on March 26, 2027 and March 28, 2028, subject to the reporting person's continued employment and good standing through the applicable vesting date. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 28, 2024 and March 28, 2025 grants of restricted stock units under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 27, 2026. 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.

Key Figures

Issuer disposition 1: 19,650 shares at $6.63 Issuer disposition 2: 21,306 shares at $6.63 Tax-withholding shares: 13,895 shares +4 more

7 metrics

Issuer disposition 1 19,650 shares at $6.63 Class A common stock disposed to issuer on March 27, 2026

Issuer disposition 2 21,306 shares at $6.63 Additional Class A shares disposed to issuer on March 27, 2026

Tax-withholding shares 13,895 shares Shares disposed to cover withholding taxes on RSU vesting March 27, 2026

Direct holdings after transactions 178,559 shares Class A common stock held directly by Wilks following March 27, 2026 transactions

Indirect partnership holdings 1,275,835 shares Class A common stock held by KWELL Holdings, LP as of March 27, 2026

RSU grant date 1 March 28, 2024 Grant date for RSUs partially disposed and vested on March 27, 2026

RSU grant date 2 March 28, 2025 Second RSU grant partially disposed and vested on March 27, 2026

Key Terms

restricted stock units, 2022 Long Term Incentive Plan, withholding taxes, beneficially own, +2 more

6 terms

restricted stock units financial

"Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2024"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2022 Long Term Incentive Plan financial

"grants of restricted stock units under the 2022 Long Term Incentive Plan"

withholding taxes financial

"disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

beneficially own financial

"therefore may be deemed to beneficially own such shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Limited Partnership financial

"KWELL Holdings, LP ("KHLP"), a Texas limited partnership, directly holds these securities"

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Form 4 Insider Transactions: What Each Field Means →

03/31/2026 - 05:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wilks Johnathan Ladd

(Last)

(First)

(Middle)

C/O PROFRAC HOLDING CORP.

333 SHOPS BOULEVARD, SUITE 301

(Street)

WILLOW PARK

TEXAS

76087

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ProFrac Holding Corp. [ ACDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock, par value $0.01 per share	03/27/2026		D		19,650⁽¹⁾	D	$6.63	213,760	D
Class A common stock, par value $0.01 per share	03/27/2026		D		21,306⁽²⁾	D	$6.63	192,454	D
Class A common stock, par value $0.01 per share	03/27/2026		F		13,895⁽³⁾	D	$0	178,559	D
Class A common stock, par value $0.01 per share								1,275,835⁽⁴⁾	I	Through Limited Partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2024, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2024 will vest March 26, 2027, subject to the reporting person's continued employment and good standing through the applicable vesting date.

2. Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2025, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2025 will vest equally on March 26, 2027 and March 28, 2028, subject to the reporting person's continued employment and good standing through the applicable vesting date.

3. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 28, 2024 and March 28, 2025 grants of restricted stock units under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 27, 2026.

4. 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.

	/s/ Steven Scrogham, Attorney-in-Fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did ProFrac (ACDC) CEO Johnathan Ladd Wilks report?

He reported issuer dispositions of 19,650 and 21,306 Class A shares at $6.63 per share and a further 13,895-share tax-withholding disposition, all tied to vested restricted stock units settled in cash under ProFrac’s 2022 Long Term Incentive Plan.

Were ProFrac (ACDC) CEO Johnathan Ladd Wilks’ transactions open-market sales?

No. The filing describes dispositions to the issuer and tax-withholding dispositions. Footnotes state the RSUs vested on March 27, 2026 and were settled in cash, with shares used partly for issuer disposition and partly to cover applicable withholding taxes.

How many ProFrac (ACDC) shares does CEO Johnathan Ladd Wilks hold after these transactions?

After the reported transactions, he holds 178,559 Class A shares directly. Indirectly, 1,275,835 shares are held by KWELL Holdings, LP, controlled by KWELL Group, LLC, with Wilks as manager, though he disclaims beneficial ownership beyond his pecuniary interest.

What RSU grants are involved in the ProFrac (ACDC) CEO’s Form 4 filing?

The dispositions relate to RSUs granted on March 28, 2024 and March 28, 2025. Both grants vested on March 27, 2026 and were settled in cash, with remaining RSU tranches scheduled to vest in 2027 and 2028 subject to continued employment and good standing.

How were taxes handled on ProFrac (ACDC) CEO Johnathan Ladd Wilks’ RSU vesting?

The filing notes 13,895 shares were disposed, settled in cash, to satisfy withholding taxes on RSUs vesting March 27, 2026. This covered withholding for both the March 28, 2024 and March 28, 2025 RSU grants under the 2022 Long Term Incentive Plan.