ProFrac Holding Corp. (ACDC) ex-CEO forfeits 370,883 unvested units
Rhea-AI Filing Summary
ProFrac Holding Corp. director Johnathan Ladd Wilks reported a disposition to the issuer of 370,883 shares of Class A common stock on August 7, 2026. This reflects the forfeiture of unvested equity awards granted under the 2022 Long-Term Incentive Plan in connection with his transition from Chief Executive Officer to member of the Board of Directors. Following this forfeiture, he directly holds 85,033 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 370,883 shares
Net Sell
1 txn
Insider
Wilks Johnathan Ladd
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A common stock, par value $0.01 per share F1 | 370,883 | $0.00 | $0.00 |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 85,033 shares (Direct)
Footnotes (1)
- F1. Effective August 7, 2026, the Reporting Person resigned as Chief Executive Officer of the Issuer and was appointed to serve as a member of the Board of Directors. In connection with his transition from Chief Executive Officer, the Reporting Person forfeited all unvested equity awards granted under the Issuer's 2022 Long-Term Incentive Plan, consisting of the following grants: 26,315 units granted on 03/29/2024; 57,068 units granted on 03/28/2025; and an aggregate of 287,500 units granted on 04/07/2026, representing a total of 370,883 forfeited units.
Key Figures
Shares disposed (forfeited): 370,883 shares
Shares held after transaction: 85,033 shares
2024 grant forfeited: 26,315 units
+3 more
6 metrics
Shares disposed (forfeited)
370,883 shares
Disposition to issuer on August 7, 2026 via forfeiture of unvested awards
Shares held after transaction
85,033 shares
Direct Class A common stock holdings following the August 7, 2026 forfeiture
2024 grant forfeited
26,315 units
Unvested units granted on 03/29/2024 under 2022 Long-Term Incentive Plan
2025 grant forfeited
57,068 units
Unvested units granted on 03/28/2025 under 2022 Long-Term Incentive Plan
2026 grants forfeited
287,500 units
Aggregate unvested units granted on 04/07/2026 under 2022 Long-Term Incentive Plan
Per-share transaction price
$0.00 per share
Price reported for disposition to issuer on August 7, 2026
Key Terms
Disposition to issuer, forfeited, 2022 Long-Term Incentive Plan
3 terms
Disposition to issuer financial
"transaction_code_description is listed as "Disposition to issuer" for the shares"
forfeited financial
"the Reporting Person forfeited all unvested equity awards granted under the Issuer's 2022"
2022 Long-Term Incentive Plan financial
"all unvested equity awards granted under the Issuer's 2022 Long-Term Incentive Plan"
FAQ
What insider transaction did ProFrac (ACDC) report for Johnathan Ladd Wilks?
ProFrac reported that Johnathan Ladd Wilks disposed of 370,883 Class A shares on August 7, 2026 through a forfeiture to the issuer of unvested equity awards tied to his role transition.
Why did Johnathan Ladd Wilks forfeit 370,883 ProFrac (ACDC) units?
The 370,883 units were forfeited in connection with Wilks’ transition from Chief Executive Officer to Board member, and represented unvested equity awards under ProFrac’s 2022 Long-Term Incentive Plan.
Was the ProFrac (ACDC) forfeiture transaction a market sale?
No. The Form 4 describes the event as a “Disposition to issuer” at a per-share price of $0.00, indicating a forfeiture of unvested equity awards rather than an open-market sale.
What specific equity grants did Wilks forfeit at ProFrac (ACDC)?
Wilks forfeited 26,315 units granted on March 29, 2024, 57,068 units granted on March 28, 2025, and an aggregate of 287,500 units granted on April 7, 2026, totaling 370,883 units.
AI-generated analysis. How Rhea-AI works. Not financial advice.