Form 4: THRC Holdings Increases Stake in ProFrac Holding Corp. with Recent Stock Purchases
SEC Form 4
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 related entities and individuals, filed a Form 4 disclosing changes in beneficial ownership of ProFrac Holding Corp. (ACDC) stock.
- On May 12, 2025, THRC Holdings purchased 23,599 shares of Class A common stock at a weighted average price of $4.8475 per share.
- On May 13, 2025, THRC Holdings purchased an additional 728 shares of Class A common stock at a weighted average price of $4.9293 per share.
- Following these transactions, THRC Holdings beneficially owns 79,234,858 shares of Class A common stock.
- These holdings include shares directly owned, shares convertible from Series A Redeemable Convertible Preferred Stock, and shares obtainable through warrants.
- Dan Wilks, as the sole manager of THRC Management, LLC (the General Partner of THRC Holdings), may be deemed to beneficially own the shares held by THRC.
- The filing also includes powers of attorney authorizing Robert B. Early to execute and file SEC forms on behalf of THRC Holdings, THRC Management, and Dan Wilks.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The increased investment by a major shareholder could be seen as a positive sign, but it's a routine transaction disclosure.
Positives
- Increased investment by a major shareholder could signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures for significant shareholders, providing transparency into their transactions and ownership positions. This filing indicates continued investment by a major shareholder in ProFrac Holding Corp.
Stakeholder Impact
- The increased stake by THRC Holdings could be viewed positively by shareholders, potentially increasing investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | THRC Holdings purchased 23,599 shares of Class A common stock. |
| 05/13/2025 | THRC Holdings purchased 728 shares of Class A common stock. |
| 05/14/2025 | Date of the Power of Attorney granted to Robert B. Early. |
Keywords
ProFrac Holding Corp., THRC Holdings, Class A Common Stock, Beneficial Ownership, Form 4, Dan Wilks, Robert B. Early, Stock Purchase
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