ProFrac (ACDC) chair disposes RSU shares while retaining large stake
Rhea-AI Filing Summary
ProFrac Holding Corp. Executive Chairman Matthew Wilks reported RSU-related share disposals and tax withholding transactions. On March 27, 2026 he disposed 21,363 and 23,165 shares of Class A common stock to the issuer at $6.63 per share as part of restricted stock unit grants that vested that day and were settled in cash.
He also disposed 14,477 shares with a zero price to cover withholding taxes on the March 28, 2024 and March 28, 2025 RSU grants that vested on March 27, 2026 under the 2022 Long Term Incentive Plan. After these transactions, he holds 1,511,539 shares directly. An additional 422,097 shares are held indirectly by JCMWZ, LLC, where he is Manager and disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 59,005 shares
Net Sell
4 txns
Insider
Wilks Matthew
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A common stock, par value $0.01 per share | 21,363 | $6.63 | $142K |
| Disposition | Class A common stock, par value $0.01 per share | 23,165 | $6.63 | $154K |
| Exercise Price or Tax Liability | Class A common stock, par value $0.01 per share | 14,477 | $0.00 | $0.00 |
| holding | Class A common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 1,511,539 shares (Direct);
Class A common stock, par value $0.01 per share — 422,097 shares (Indirect, Held by JCMWZ, LLC)
Footnotes (4)
- F1. Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2024, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2024 will vest March 26, 2027, subject to the reporting person's continued employment and good standing through the applicable vesting date.
- F2. Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2025, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2025 will vest equally on March 26, 2027 and March 28, 2028, subject to the reporting person's continued employment and good standing through the applicable vesting date.
- F3. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 28, 2024 and March 28, 2025 grants of restricted stock units under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 27, 2026.
- F4. The reporting person is the Manager of JCMWZ, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Issuer disposition 1: 21,363 shares at $6.63
Issuer disposition 2: 23,165 shares at $6.63
Tax withholding shares: 14,477 shares
+3 more
6 metrics
Issuer disposition 1
21,363 shares at $6.63
Class A common stock disposed to issuer on March 27, 2026
Issuer disposition 2
23,165 shares at $6.63
Additional Class A shares disposed to issuer on March 27, 2026
Tax withholding shares
14,477 shares
Shares delivered to cover withholding taxes on RSU vesting March 27, 2026
Direct holdings after transactions
1,511,539 shares
Class A common stock held directly after March 27, 2026 transactions
Indirect holdings via JCMWZ, LLC
422,097 shares
Class A common stock held indirectly; Wilks is Manager and disclaims full ownership
Total RSU-related disposals
59,005 shares
Combined issuer and tax-withholding disposals tied to March 27, 2026 vesting
Key Terms
restricted stock units, withholding taxes, 2022 Long Term Incentive Plan, pecuniary interest, +1 more
5 terms
restricted stock units financial
"Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"to satisfy withholding taxes applicable upon vesting of the March 28, 2024 and March 28, 2025 grants"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
2022 Long Term Incentive Plan financial
"under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did ProFrac (ACDC) Executive Chairman Matthew Wilks report in this Form 4?
Matthew Wilks reported dispositions of Class A common stock tied to restricted stock unit vesting and tax withholding. Shares were delivered back to ProFrac and for withholding taxes, rather than sold in open-market transactions, as part of compensation under the 2022 Long Term Incentive Plan.
Are these ProFrac (ACDC) transactions open-market sales by Matthew Wilks?
No, the reported transactions are issuer dispositions and tax-withholding deliveries. RSU-related shares were delivered to ProFrac or used to cover withholding taxes when grants vested and were settled in cash, rather than sold on the open market to outside investors.
When will Matthew Wilks’ remaining ProFrac (ACDC) RSU grants vest?
For the March 28, 2024 grant, remaining shares are scheduled to vest on March 26, 2027. For the March 28, 2025 grant, remaining shares are scheduled to vest equally on March 26, 2027 and March 28, 2028, subject to his continued employment and good standing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
