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

THRC Holdings, LP, a significant shareholder in ProFrac Holding Corp. (ACDC), has increased its holdings through open market purchases of Class A common stock.

Summary

• THRC Holdings, LP, along with related entities THRC Management, LLC and Dan Wilks, filed a Form 4 detailing changes in beneficial ownership of ProFrac Holding Corp. (ACDC) stock.
• On May 21, 2024, THRC Holdings purchased 191,126 shares of Class A common stock at a weighted average price of $9.29 per share, in prices ranging from $9.13 to $9.40.
• On May 22, 2024, THRC Holdings purchased an additional 664,944 shares of Class A common stock at a weighted average price of $9.49 per share, in prices ranging from $9.33 to $9.50.
• Following these transactions, THRC Holdings directly owns 74,740,545 shares of ProFrac Holding Corp.'s Class A common stock.
• THRC Management, LLC, as the General Partner of THRC Holdings, and Dan Wilks, as the sole manager of THRC Management, 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. It reflects routine stock purchases by a major shareholder, which could be interpreted as a positive signal, but without further context, it's difficult to gauge the overall impact.

Positives

• Increased investment by a major shareholder could signal confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures for significant shareholders and insiders, providing transparency into their trading activities. 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