4/A: ProFrac Holding Corp. Executive Chairman Amends SEC Filing to Correct Error in Reporting of Restricted Stock Units
SEC Filing Amendment
Matthew Wilks, Executive Chairman of ProFrac Holding Corp., files an amendment to a previous SEC Form 4 to correct an error related to the inclusion of restricted stock units.
Summary
- Matthew Wilks, Executive Chairman of ProFrac Holding Corp., filed an amended SEC Form 4 on April 2, 2024, to correct an error in the original filing from April 7, 2023.
- The amendment addresses the erroneous inclusion of 49,101 restricted stock units in Table 1 of the original filing.
- These units were incorrectly reported because the performance conditions associated with them were not met and could not have been met at the time of the original reporting.
- The corrected filing shows Wilks beneficially owns 1,342,788 shares of Class A common stock.
- Wilks has granted Steven Scrogham and Valery Treida power of attorney for Section 16 reporting obligations.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative developments for the company.
Negatives
- The original SEC filing contained an error, requiring an amendment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Date of transaction involving Class A common stock. |
| 04/07/2023 | Date of original Form 4 filing which contained an error. |
| 04/01/2024 | Date of execution of the Limited Power of Attorney. |
| 04/02/2024 | Date of amended Form 4/A filing. |
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