[Form 4] ProFrac Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Matthew Wilks, Executive Chairman and Director of ProFrac Holding Corp. (ACDC), filed a Form 4 reporting transactions dated 09/08/2025. The filing shows two purchases of Class A common stock: 25,000 shares at $3.78 and 18,297 shares at $3.83, with resulting reported beneficial ownership counts of 403,800 and 422,097 respectively, held indirectly through JCMWZ, LLC. The form also lists 1,570,544 Class A shares marked as disposed (D) in the non-derivative section. The reporting person is identified as the manager of JCMWZ, LLC and disclaims beneficial ownership except for pecuniary interest. The form is signed by an attorney-in-fact on 09/09/2025.

Positive

• Insider purchases reported: 25,000 shares at $3.78 and 18,297 shares at $3.83, indicating direct acquisition activity.
• Disclosure of indirect holdings through JCMWZ, LLC clarifies ownership structure and pecuniary interest.

Negative

• Large disposal of 1,570,544 Class A shares is reported in the non-derivative section, which is a material reduction in holdings.
• No explanatory context is provided for the disposal or the smaller purchases, leaving timing and rationale unclear.

Insights

Securities Analyst

TL;DR Insider filed purchases and a large disposal on 09/08/2025; holdings are reported indirectly via an LLC.

The Form 4 discloses two small open-market purchases totaling 43,297 shares at prices of $3.78 and $3.83, and a separate line indicating 1,570,544 shares disposed. The purchases increased the reported indirect holdings of the filing to 403,800 and 422,097 shares respectively, held by JCMWZ, LLC. The filing includes the standard disclaimer that the reporting person manages JCMWZ, LLC and disclaims beneficial ownership except for pecuniary interest. For investors, the mix of a large disposal and contemporaneous modest purchases is a factual disclosure; the form contains no rationale or timing context.

Corporate Governance Expert

TL;DR Filing shows insider activity routed through an entity; signature executed by attorney-in-fact.

The report clearly identifies the reporting person as both an officer and director and shows indirect ownership through an entity (JCMWZ, LLC). The signature block indicates the filing was executed by an attorney-in-fact on 09/09/2025. The explanation clarifies the reporting person is the manager of the LLC and disclaims beneficial ownership except to the extent of pecuniary interest, which is a common disclosure when holdings are held via an entity. No additional governance events or changes to officer/director status are reported in this form.

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^*

Wilks Matthew

(Last) (First) (Middle)

333 SHOPS BLVD

SUITE 301

(Street)

WILLOW PARK TX 76087

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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

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

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

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								1,570,544	D
Class A common stock, par value $0.01 per share	09/08/2025		P		25,000	A	$3.78	403,800(1)	I	Held by JCMWZ, LLC
Class A common stock, par value $0.01 per share	09/08/2025		P		18,297	A	$3.83	422,097(1)	I	Held by JCMWZ, LLC

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. 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.

	/s/ Steven Scrogham, Attorney-in-Fact	09/09/2025
	** 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.

FAQ

What transactions did Matthew Wilks report on the Form 4 for ACDC?

The Form 4 reports purchases of 25,000 shares at $3.78 and 18,297 shares at $3.83 on 09/08/2025, and a reported disposal of 1,570,544 Class A shares.

How much beneficial ownership was reported after the transactions for ACDC?

The filing shows reported beneficial ownership counts of 403,800 and 422,097 Class A shares following the reported transactions, held indirectly by JCMWZ, LLC.

Through what entity are the shares held according to the Form 4?

The shares are reported as held indirectly by JCMWZ, LLC, with the reporting person identified as the manager of that LLC.

Who signed the Form 4 and when?

The Form 4 was signed by Steven Scrogham, Attorney-in-Fact on 09/09/2025.

Does the Form 4 explain why the disposal occurred?

No. The filing contains no explanation or rationale for the 1,570,544-share disposal or the smaller purchases.