Form 4: THRC Holdings Increases Stake in ProFrac Holding Corp. (ACDC) with Recent Stock Purchases

THRC Holdings, a major shareholder in ProFrac Holding Corp., has increased its holdings through open market purchases of Class A common stock.

Summary

• THRC Holdings, LP, along with THRC Management, LLC and Dan Wilks, filed a Form 4 disclosing changes in beneficial ownership of ProFrac Holding Corp. (ACDC) stock.
• On August 13, 2024, THRC Holdings purchased 411,383 shares of Class A common stock at a weighted average price of $6.03 per share, in prices ranging from $5.88 to $6.25.
• On August 14, 2024, THRC Holdings purchased an additional 58,617 shares of Class A common stock at a weighted average price of $6.22 per share, in prices ranging from $6.00 to $6.25.
• Following these transactions, THRC Holdings directly owns 76,670,545 shares of ProFrac Holding Corp.'s Class A common stock.
• Dan Wilks, as the sole manager of THRC Management, LLC, which is the General Partner of THRC Holdings, may be deemed to beneficially own the shares held by THRC Holdings.
• The reporting persons disclaim beneficial ownership of the reported equity securities except to the extent of their respective pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake by THRC Holdings could be seen as a positive signal, but it's a routine transaction disclosure.

Positives

• Increased investment by a major shareholder could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

This filing reflects insider activity, which is closely monitored by investors for signals about a company's prospects. Increased ownership by significant shareholders is often viewed positively.

Stakeholder Impact

• The increased stake by THRC Holdings could positively influence shareholder confidence.

Key Dates