ACDC.NASDAQProfrac Holding CORP

4/A: ProFrac Holding Corp. Executive Amends SEC Filing to Correct Reporting Error

Sentiment:

SEC Filing Amendment

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Johnathan Ladd Wilks, CEO of ProFrac Holding Corp., amends a previous SEC Form 4 filing to correct an error related to restricted stock units.

Summary

  • Johnathan Ladd Wilks, CEO of ProFrac Holding Corp., filed an amended SEC Form 4 to correct an error in a previous filing.
  • The amendment addresses the inclusion of 45,643 restricted stock units in the original filing, which should not have been included because the performance conditions were not met.
  • The corrected filing reflects Wilks' direct ownership of 105,319 shares of Class A common stock and indirect ownership of 1,220,978 shares through KWELL Holdings, LP.
  • A Limited Power of Attorney was executed on April 1, 2024, granting Steven Scrogham and Valery Treida the authority to file SEC forms on Wilks' behalf.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company.

Negatives

  • The original Form 4 contained an administrative error regarding the inclusion of restricted stock units.

Industry Context

This filing is a routine disclosure related to executive stock ownership and is typical for publicly traded companies.

Key Dates

DateDescription
03/31/2023Date of earliest transaction reported in the amended filing.
04/07/2023Date of original Form 4 filing that was amended.
04/01/2024Date of execution for the Limited Power of Attorney.
04/02/2024Date of the amended Form 4 filing.

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