ProFrac Holding Corp. (ACDC) CEO shifts LP-held Class A shares

Rhea-AI Filing Summary

ProFrac Holding Corp. Chief Executive Officer Johnathan Ladd Wilks reported an internal restructuring of indirect holdings in Class A common stock. A total of 54,857 shares held by Farjo Holdings, LP were distributed in kind to its partners for no consideration under Farjo’s partnership agreement, with KWELL Holdings, LP receiving shares through this pro rata distribution. Following the transaction, 1,275,835 shares are reported as held indirectly through a limited partnership structure and 233,410 shares are reported as held directly. The filing notes that voting and investment control over the indirectly held shares resides with KWELL Group, LLC, and Wilks disclaims beneficial ownership except to the extent of his pecuniary interest.

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

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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 Johnathan Ladd

(Last) (First) (Middle)

C/O PROFRAC HOLDING CORP.

333 SHOPS BOULEVARD, 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)

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

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

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								233,410	D
Class A common stock, par value $0.01 per share	09/09/2025		J(1)		54,857	A	$0	1,275,835	I(2)	Through Limited Partnership

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. Shares of the Issuer's Class A common stock held directly by Farjo Holdings, LP, a Texas limited partnership ("Farjo Holdings") were disposed of as a pro rata distribution in-kind to its partners, for no consideration, pursuant to the terms of the Agreement of Limited Partnership of Farjo Holdings, dated March 3, 2011, as subsequently amended. KWELL Holdings, LP, as a limited partner of Farjo Holdings, acquired shares for no consideration pursuant to this distribution.

2. KWELL Holdings, LP ("KHLP"), a Texas limited partnership, directly holds these securities. KWELL Group, LLC ("KWELL Group"), a Texas limited liability company, as General Partner of KHLP, has exclusive voting and investment control over the shares of Class A common stock held by KHLP, and therefore may be deemed to beneficially own such shares. Ladd Wilks, as manager of KWELL Group, may exercise voting and investment power over the shares of the Issuer's Class A common stock directly owned by KHLP. The Reporting Person disclaims beneficial ownership of all equity securities being reported herein except to the extent of his pecuniary interest therein.

	/s/ Steven Scrogham, Attorney-in-Fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did ProFrac (ACDC) CEO Johnathan Ladd Wilks report?

Johnathan Ladd Wilks reported an internal restructuring of indirect Class A common stock holdings. 54,857 shares were distributed in kind from Farjo Holdings, LP to its partners for no consideration, with KWELL Holdings, LP acquiring shares through this pro rata distribution.

Did the ProFrac (ACDC) CEO buy or sell shares in the open market?

The filing does not show open-market purchases or sales by the CEO. The J-code transaction reflects an in-kind pro rata distribution of shares by Farjo Holdings, LP to its partners for no consideration, rather than a market trade for cash.

How many ProFrac (ACDC) shares does Johnathan Ladd Wilks hold after this filing?

After the reported restructuring, 1,275,835 Class A shares are reported as held indirectly through a limited partnership, and 233,410 shares are reported as held directly. These figures reflect the updated ownership positions disclosed in the Form 4.

Which entities hold ProFrac (ACDC) shares associated with the CEO?

Indirect holdings are reported through KWELL Holdings, LP, whose general partner, KWELL Group, LLC, has exclusive voting and investment control. The distribution originated from Farjo Holdings, LP. Johnathan Ladd Wilks also reports a separate direct holding of Class A common stock.

Did ProFrac (ACDC) CEO Johnathan Ladd Wilks receive cash in this transaction?

The transaction is described as a pro rata in-kind distribution for no consideration. This indicates partners, including KWELL Holdings, LP, received shares rather than cash, and the event represents an ownership restructuring rather than a cash-based stock sale or purchase.

Does the ProFrac (ACDC) CEO fully control the indirectly held shares?

The filing states KWELL Group, LLC, as general partner of KWELL Holdings, LP, has exclusive voting and investment control. As manager of KWELL Group, Johnathan Ladd Wilks may exercise power, but he disclaims beneficial ownership except to the extent of his pecuniary interest.