4/A: ProFrac Holding Corp. Amends Insider Ownership Filing to Correct Share Acquisition Details

ProFrac Holding Corp. has filed an amended Form 4 to correct an administrative error, clarifying that Farris Wilks directly acquired 338,756 shares of Class A common stock on February 26, 2025, instead of FARJO Holdings, LP.

Summary

• ProFrac Holding Corp. filed a Form 4/A on June 3, 2025, to amend a previous Statement of Changes in Beneficial Ownership.
• The amendment corrects an administrative error in the original Form 4 filed on February 28, 2025.
• The correction clarifies that Farris Wilks, a 10% owner and Director, directly acquired 338,756 shares of Class A common stock on February 26, 2025, at a price of $6.93 per share.
• The original filing incorrectly reported FARJO Holdings, LP as the acquirer of these units.
• Following this transaction, Farris Wilks directly beneficially owns 1,165,132 shares of Class A common stock.
• Additionally, 977,778 shares of Class A common stock are held directly by FARJO Holdings, LP, over which Farris C. Wilks, as sole manager of FARJO Management, LLC (General Partner of FARJO Holdings), is deemed to exercise voting and investment power and thus beneficially own such shares.

Sentiment

Score: 5

Explanation: The document is an administrative correction of a beneficial ownership filing. It clarifies existing information rather than announcing new operational or financial performance, leading to a neutral sentiment.

Positives

• The correction of an administrative error enhances the accuracy and transparency of insider ownership disclosures.
• The acquisition of 338,756 shares by a 10% owner and Director (Farris Wilks) at $6.93 per share indicates continued insider confidence in the company.

Negatives

• The necessity for an amendment indicates an initial administrative error in reporting, though it appears to be minor and promptly corrected.

Future Outlook

N/A. This document is a historical correction of an ownership filing and does not contain forward-looking statements or guidance regarding the company's future performance or strategy.

Management Comments

• "Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of such person's 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 equity securities covered by this Form 4."

Industry Context

This filing is specific to ProFrac Holding Corp.'s insider ownership and does not provide broader industry context or trends. It is an administrative update to a beneficial ownership report.

Stakeholder Impact

• Shareholders: Provides clearer and more accurate information regarding insider ownership, enhancing transparency.
• Regulatory Authorities: Ensures compliance with SEC reporting requirements for insider transactions.

Key Dates

Keywords

ProFrac Holding Corp., ACDC, SEC Form 4/A, beneficial ownership, insider trading, stock acquisition, Farris Wilks, administrative correction, Class A common stock