Form 4: THRC Holdings, LP Increases Stake in ProFrac Holding Corp. (ACDC) with Recent Stock 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 THRC Management, LLC and Dan Wilks, filed a Form 4 disclosing changes in beneficial ownership of ProFrac Holding Corp. (ACDC) stock.
• On September 5, 2024, THRC Holdings purchased 165,316 shares of Class A common stock at a weighted average price of $6.20 per share.
• On September 6, 2024, THRC Holdings purchased an additional 216,043 shares of Class A common stock at a weighted average price of $6.21 per share.
• Following these transactions, THRC Holdings, LP beneficially owns 78,578,908 shares of ProFrac Holding Corp. Class A common stock.
• Dan Wilks, as sole manager of THRC Management, LLC, may be deemed to exercise voting and investment power over the shares directly owned by THRC Holdings, LP.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence, but it's a routine transaction.

Positives

• The increased stake by THRC Holdings, LP could be interpreted as a sign of confidence in ProFrac Holding Corp.'s future prospects.

Industry Context

Form 4 filings are routine disclosures for significant shareholders and company insiders, providing transparency into their trading activities. Increased ownership by major shareholders can sometimes signal positive sentiment towards the company's prospects.

Stakeholder Impact

• Shareholders may view the increased stake positively, potentially leading to a slight increase in investor confidence.

Key Dates