Form 4: THRC Holdings, LP Increases Stake in ProFrac Holding Corp. (ACDC)

THRC Holdings, LP, along with related entities and Dan Wilks, reported purchasing additional shares of ProFrac Holding Corp. (ACDC) Class A common stock.

Summary

• On September 9, 2024, THRC Holdings, LP purchased 2,154 shares of ProFrac Holding Corp. Class A common stock at a weighted average price of $6.25 per share.
• On September 10, 2024, THRC Holdings, LP purchased an additional 262,853 shares at a weighted average price of $6.44 per share.
• Following these transactions, THRC Holdings, LP beneficially owns 78,843,915 shares of ProFrac Holding Corp. Class A common stock.
• Dan Wilks, as sole manager of THRC Management, LLC (the General Partner of THRC Holdings, LP), may be deemed to beneficially own these shares.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock purchases. It's neutral in tone and doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• Increased investment by a major shareholder could be interpreted as a positive signal regarding the company's prospects.

Management Comments

• Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the actions of company insiders.

Stakeholder Impact

• The increased stake by THRC Holdings, LP could increase investor confidence.

Key Dates