Form 4: ProFrac Executive Sells Shares Post-Vesting

ProFrac Holding Corp. CLO Steven Scrogham disposed of company stock following the vesting of performance-based awards and restricted stock units.

Summary

• Steven Scrogham, CLO, CCO & Corporate Secretary of ProFrac Holding Corp. (ACDC), reported multiple disposals of Class A common stock on March 27, 2026.
• A total of 37,087 shares were disposed of at a price of $6.63 per share, representing partial settlement of vested performance-based shares and restricted stock units.
• An additional 11,938 shares were disposed of at a price of $0 to satisfy withholding taxes applicable upon the vesting of restricted stock units and performance-based restricted stock units.
• The transactions relate to awards granted on March 13, 2025, March 28, 2024, March 28, 2025, and March 9, 2026, which vested on March 27, 2026.
• Following these transactions, Steven Scrogham beneficially owns 83,196 shares of Class A common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting a standard executive compensation transaction rather than a significant positive or negative indicator for the company's operational or financial performance.

Positives

• The vesting of performance-based shares and restricted stock units indicates the achievement of certain company or individual performance metrics, benefiting the executive.

Negatives

• The disposal of shares by an insider, even for compensation and tax purposes, can sometimes be perceived as a minor negative signal by some investors, though it is a routine event.

Future Outlook

Remaining shares from the March 13, 2025, March 28, 2024, March 28, 2025, and March 9, 2026 grants are scheduled to vest on March 26, 2027, and March 28, 2028, subject to continued employment and good standing.

Industry Context

StockSavvy.ai notes that executive compensation packages frequently include equity awards such as restricted stock units and performance-based shares, which vest over several years. The reported disposals are a common occurrence as executives monetize vested awards for liquidity, personal financial planning, or to cover tax obligations, and are generally not indicative of a change in company fundamentals or management's view of future prospects.

Stakeholder Impact

• Shareholders: The disposal of shares by an executive is a routine event and is unlikely to have a significant direct impact on the company's share price or long-term value. It provides transparency into insider holdings.

Next Steps

• Remaining shares from the March 13, 2025, March 28, 2024, March 28, 2025, and March 9, 2026 grants are scheduled to vest on March 26, 2027.
• Remaining shares from the March 28, 2025 and March 9, 2026 grants are scheduled to vest on March 28, 2028.

Key Dates

Keywords

ProFrac Holding Corp, ACDC, Steven Scrogham, Form 4, insider transaction, stock sale, executive compensation, restricted stock units, performance shares, vesting