Form 4: ProFrac Holding Corp. Insider THRC Holdings, LP Donates Shares to Heavenly Father's Foundation

THRC Holdings, LP, a significant shareholder in ProFrac Holding Corp., donated 1,719,733 shares of Class A common stock to the Heavenly Father's Foundation on December 27, 2024.

Summary

• THRC Holdings, LP donated 1,719,733 shares of ProFrac Holding Corp.'s Class A common stock to the Heavenly Father's Foundation on December 27, 2024.
• The donation was made at a price of $0 per share.
• Following the transaction, THRC Holdings, LP directly holds 77,477,816 shares of ProFrac's Class A common stock.
• Dan Wilks, as a co-trustee of the Heavenly Father's Foundation, may be deemed to have voting and investment power over the donated shares.
• THRC Management, LLC, as the General Partner of THRC Holdings, has exclusive voting and investment control over the shares held by THRC Holdings.
• Dan Wilks, as sole manager of THRC Management, may also be deemed to have voting and investment power over the shares held by THRC Holdings.
• The reporting persons are part of a 13D Group and may be deemed to beneficially own shares held by other members of the group.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their respective pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative sentiment.

Industry Context

This transaction is a standard insider transaction filing, reflecting a change in beneficial ownership due to a donation. It does not indicate any specific trend in the oil and gas services industry, where ProFrac operates.

Comparison to Industry Standards

• Insider transactions are common in publicly traded companies, and this donation is not unusual.
• The reporting requirements for such transactions are standardized across the industry, and this filing adheres to those requirements.
• Similar transactions can be seen in other companies within the oil and gas services sector, such as Halliburton or Schlumberger, where large shareholders may adjust their holdings for various reasons.

Stakeholder Impact

• The donation of shares may have a minor impact on the overall shareholding structure of ProFrac Holding Corp.
• The transaction does not directly impact employees, customers, or suppliers.

Key Dates

Keywords

ProFrac Holding Corp, THRC Holdings LP, Heavenly Father's Foundation, Class A common stock, share donation, insider transaction, Dan Wilks, beneficial ownership