ProFrac CCO granted 150,000 performance RSUs

Greenwood Matthew A reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Greenwood Matthew A reported acquisition or exercise transactions in this Form 4 filing.

ProFrac Holding Corp. Chief Commercial Officer Matthew A. Greenwood reported an equity award of 150,000 performance-based restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of Class A common stock if specific stock price performance criteria are achieved.

Starting after April 7, 2027, 10% of the RSUs vest if the 30‑day volume-weighted average price (VWAP) reaches at least $7.00, 25% vest at $10.00, another 25% at $14.00, and 40% at $18.00, subject to continued employment and good standing. Following this award, Greenwood directly holds 267,305 shares.

Insider Trade Summary

Grant/Award: 150,000 shares

Grant/Award 1 txn

Insider Greenwood Matthew A

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock, par value $0.01 per share	150,000	$0.00	$0.00

Holdings After Transaction: Class A common stock, par value $0.01 per share — 267,305 shares (Direct)

Footnotes (1)

1. F1. Reflects performance-based restricted stock units ("RSUs") granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share if certain performance criteria are met. Following April 7, 2027, the RSUs will vest as to the following percentages when the following stock price targets have been achieved: 10% of the RSUs, when the average of the daily volume-weighted average price per share of the Company's Class A common stock over the most recent 30 trading days (the "VWAP Threshold") equals or exceeds $7.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $10.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $14.00, and 40% of the RSUs, when the VWAP Threshold equals or exceeds $18.00. The Reporting Person must also remain continuously employed by and in good standing with the Company or an affiliate on each applicable vesting date.

Key Figures

RSU grant size: 150,000 RSUs Shares held after transaction: 267,305 shares Initial VWAP vesting threshold: $7.00 VWAP +4 more

7 metrics

RSU grant size 150,000 RSUs Performance-based award under 2022 Long Term Incentive Plan

Shares held after transaction 267,305 shares Direct Class A common stock holdings following grant

Initial VWAP vesting threshold $7.00 VWAP 10% of RSUs vest when 30-day VWAP equals or exceeds $7.00

Second VWAP vesting threshold $10.00 VWAP 25% of RSUs vest when 30-day VWAP equals or exceeds $10.00

Third VWAP vesting threshold $14.00 VWAP 25% of RSUs vest when 30-day VWAP equals or exceeds $14.00

Final VWAP vesting threshold $18.00 VWAP 40% of RSUs vest when 30-day VWAP equals or exceeds $18.00

Vesting start date After April 7, 2027 RSUs eligible to vest only following this date

Key Terms

performance-based restricted stock units, volume-weighted average price, VWAP Threshold, Long Term Incentive Plan

4 terms

performance-based restricted stock units financial

"Reflects performance-based restricted stock units ("RSUs") granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan."

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

volume-weighted average price financial

"when the average of the daily volume-weighted average price per share of the Company's Class A common stock over the most recent 30 trading days"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

VWAP Threshold financial

"the average of the daily volume-weighted average price per share ... (the "VWAP Threshold") equals or exceeds $7.00"

Long Term Incentive Plan financial

"RSUs granted under the ProFrac Holding Corp. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ProFrac (ACDC) executive Matthew Greenwood report in this Form 4?

Matthew A. Greenwood, ProFrac’s Chief Commercial Officer, reported receiving 150,000 performance-based RSUs. Each unit can convert into one share of Class A common stock if defined stock price targets are reached and employment conditions are met after April 7, 2027.

How many RSUs did ProFrac (ACDC) grant to its Chief Commercial Officer?

ProFrac granted Matthew A. Greenwood 150,000 performance-based restricted stock units. Each RSU represents a contingent right to receive one share of Class A common stock if specified volume-weighted average price thresholds are achieved and other vesting conditions are satisfied after April 7, 2027.

What are the stock price targets for Matthew Greenwood’s ProFrac (ACDC) RSU vesting?

The RSUs vest in tranches when the 30‑day VWAP meets set levels: 10% at $7.00, 25% at $10.00, 25% at $14.00, and 40% at $18.00. These price targets must be achieved after April 7, 2027, alongside continued employment.

When can Matthew Greenwood’s ProFrac (ACDC) RSUs begin to vest?

The RSUs can begin vesting following April 7, 2027. After that date, vesting depends on ProFrac’s 30‑day volume-weighted average share price reaching thresholds of $7.00, $10.00, $14.00, and $18.00 and on Greenwood remaining continuously employed and in good standing.

How are the 150,000 ProFrac (ACDC) RSUs allocated across vesting tranches?

The award vests in performance tranches: 10% of the RSUs at a $7.00 VWAP threshold, 25% at $10.00, 25% at $14.00, and 40% at $18.00. Each tranche requires the stock price goal plus continued employment and good standing.

How many ProFrac (ACDC) shares does Matthew Greenwood hold after this RSU grant?

After the reported RSU grant, Matthew A. Greenwood holds 267,305 shares of ProFrac Class A common stock directly. The 150,000 RSUs are separate contingent awards that may convert into additional shares only if their performance and service-based vesting conditions are met.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 07:37 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Greenwood Matthew A

(Last) (First) (Middle)

C/O PROFRAC HOLDING CORP.

333 SHOPS BOULEVARD, SUITE 301

(Street)

WILLOW PARK TEXAS 76087

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ProFrac Holding Corp. [ ACDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock, par value $0.01 per share	04/07/2026		A		150,000(1)	A	$0	267,305	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects performance-based restricted stock units ("RSUs") granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share if certain performance criteria are met. Following April 7, 2027, the RSUs will vest as to the following percentages when the following stock price targets have been achieved: 10% of the RSUs, when the average of the daily volume-weighted average price per share of the Company's Class A common stock over the most recent 30 trading days (the "VWAP Threshold") equals or exceeds $7.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $10.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $14.00, and 40% of the RSUs, when the VWAP Threshold equals or exceeds $18.00. The Reporting Person must also remain continuously employed by and in good standing with the Company or an affiliate on each applicable vesting date.

	/s/ Steven Scrogham, Attorney-in-Fact	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)