Form 4: ProFrac Holding Corp. Director Farris Wilks Reports Acquisition of Convertible Preferred Stock

Director Farris Wilks reports acquiring Series A redeemable convertible preferred stock of ProFrac Holding Corp. on March 10, 2025.

Summary

• Farris Wilks, a director and 10% owner of ProFrac Holding Corp., filed a Form 4 disclosing a transaction on March 10, 2025.
• The transaction involved Series A redeemable convertible preferred stock.
• Wilks acquired 1,000 shares of Series A redeemable convertible preferred stock at a price of $20.
• Following the transaction, Wilks directly owns 55,204 shares of Class A common stock.
• Wilks also indirectly owns 19,000 shares of the Issuer's Class A redeemable convertible preferred stock held directly by FARJO Holdings, LP.
• Jo Ann Wilks is also listed as a reporting person with the same address and relationship to the issuer.
• The Series A convertible preferred stock has no expiration date and can be converted into Class A common stock after the first anniversary of the issuance date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Future Outlook

The Series A convertible preferred stock can be converted into Class A common stock after the first anniversary of the issuance date, depending on the conversion ratio.

Industry Context

This filing reflects insider activity related to ProFrac Holding Corp., which is relevant to investors monitoring the company's stock and financial health. Insider transactions can provide insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction may be of interest to shareholders as it provides information about insider activity.
• The filing does not directly impact employees, customers, suppliers, or creditors.

Key Dates