Form 4: THRC Holdings, LP Acquires Additional Shares of ProFrac Holding Corp. (ACDC)

THRC Holdings, LP, a major shareholder of ProFrac Holding Corp. (ACDC), purchased 353,635 shares of Class A common stock at a weighted average price of $6.17 per share on September 12, 2024.

Summary

• On September 12, 2024, THRC Holdings, LP acquired 353,635 shares of ProFrac Holding Corp.'s Class A common stock.
• The purchase price was a weighted average of $6.17 per share, with individual transactions ranging from $5.88 to $6.24.
• Following the transaction, THRC Holdings, LP beneficially owns 79,197,549 shares of ProFrac Holding Corp.'s Class A common stock.
• THRC Management, LLC, as the General Partner of THRC Holdings, LP, and Dan Wilks, as the sole manager of THRC Management, LLC, may be deemed to beneficially own these shares due to their control over THRC Holdings' investment decisions.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A major shareholder increasing their stake suggests confidence, but it's a routine filing.

Positives

• The purchase indicates confidence in ProFrac Holding Corp.'s future prospects from a major shareholder.

Industry Context

This transaction reflects the investment activity of a significant shareholder in the oilfield services sector, where ProFrac operates. Monitoring such transactions can provide insights into investor sentiment and potential strategic moves within the industry.

Stakeholder Impact

• The increased stake by THRC Holdings could be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates