ProFrac (ACDC) chair Wilks records RSU vesting and tax share disposals
Rhea-AI Filing Summary
ProFrac Holding Corp. Executive Chairman Matthew Wilks reported routine compensation-related share dispositions tied to a restricted stock unit (RSU) vesting. On March 31, 2026, he disposed of 8,254 shares of Class A common stock at $6.20 per share in a disposition to the issuer, reflecting RSUs granted on March 31, 2023 that vested on March 31, 2026 and were settled in cash.
On the same date, 2,658 shares were disposed of at $0.00 per share to cover withholding taxes due on the RSU vesting. Following these transactions, he owned 1,500,627 shares directly. He also had 422,097 shares held indirectly through JCMWZ, LLC, for which he is the Manager and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,912 shares
Net Sell
3 txns
Insider
Wilks Matthew
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A common stock, par value $0.01 per share | 8,254 | $6.20 | $51K |
| Exercise Price or Tax Liability | Class A common stock, par value $0.01 per share | 2,658 | $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 — 1,500,627 shares (Direct);
Class A common stock, par value $0.01 per share — 422,097 shares (Indirect, Held by JCMWZ, LLC)
Footnotes (3)
- F1. Reflects disposal of restricted stock units granted to the reporting person on March 31, 2023, which vested on March 31, 2026 and were settled with the reporting person in cash.
- F2. Represents disposed shares, settled in cash, to satisfy withholding taxes applicable upon the March 31, 2026 vesting of the March 31, 2023 grant of restricted stock units under the 2022 Long Term Incentive Plan.
- F3. 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 shares: 8,254 shares
Tax-withholding shares: 2,658 shares
Direct holdings after transactions: 1,500,627 shares
+3 more
6 metrics
Issuer disposition shares
8,254 shares
Class A common stock disposed to issuer at $6.20 on March 31, 2026
Tax-withholding shares
2,658 shares
Disposed at $0.00 per share to satisfy RSU vesting taxes
Direct holdings after transactions
1,500,627 shares
Class A common stock held directly following March 31, 2026 entries
Indirect holdings via JCMWZ, LLC
422,097 shares
Class A common stock held indirectly; Wilks is Manager of JCMWZ, LLC
RSU grant and vesting dates
March 31, 2023 / March 31, 2026
Restricted stock units granted in 2023 and vested in 2026
RSU-related disposition price
$6.20 per share
Price associated with 8,254-share disposition to issuer
Key Terms
restricted stock units, tax-withholding disposition, Long Term Incentive Plan, disposition to issuer, +1 more
5 terms
restricted stock units financial
"Reflects disposal of restricted stock units granted to the reporting person on March 31, 2023"
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.
tax-withholding disposition financial
"Represents disposed shares, settled in cash, to satisfy withholding taxes applicable upon the March 31, 2026 vesting"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Long Term Incentive Plan financial
"under the 2022 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
disposition to issuer financial
"transaction_action: issuer disposition"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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 on this Form 4?
He reported routine, compensation-related share dispositions tied to restricted stock units. Some shares were surrendered to the issuer upon vesting, and additional shares were disposed of to satisfy tax withholding obligations related to that vesting event.
What is the role of JCMWZ, LLC in Matthew Wilks’ ProFrac (ACDC) holdings?
JCMWZ, LLC holds 422,097 ProFrac Class A shares indirectly attributed to Matthew Wilks. He is the Manager of JCMWZ, LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
