STOCK TITAN

ProFrac (ACDC) CCO settles stock awards in cash, retains 117K shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ProFrac Holding Corp. Chief Commercial Officer Matthew A. Greenwood reported compensation-related share disposals tied to vested equity awards. On March 31, 2026, he disposed of 7,564 and 5,330 shares of Class A common stock to the issuer as restricted stock units and performance-based shares vested and were settled in cash. An additional 4,151 shares were withheld to cover taxes upon vesting under the 2022 Long Term Incentive Plan. After these transactions, Greenwood directly holds 117,305 shares of ProFrac Class A common stock.

Positive

  • None.

Negative

  • None.
Insider Greenwood Matthew A
Role Chief Commercial Officer
Type Security Shares Price Value
Disposition Class A common stock, par value $0.01 per share 7,564 $6.20 $47K
Disposition Class A common stock, par value $0.01 per share 5,330 $6.20 $33K
Tax Withholding Class A common stock, par value $0.01 per share 4,151 $0.00 --
Holdings After Transaction: Class A common stock, par value $0.01 per share — 126,786 shares (Direct)
Footnotes (1)
  1. Reflects the 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. Reflects the disposal of performance-based shares of Company common stock, granted on March 9, 2026 under the 2023 performance-based award, which vested on March 31, 2026 and were settled with the reporting person in cash. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 31, 2023 grant of restricted stock units, including performance-based restricted stock units, under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 31, 2026.
Issuer disposition 1 7,564 shares at $6.20 Class A common stock disposed to issuer on March 31, 2026
Issuer disposition 2 5,330 shares at $6.20 Additional Class A shares disposed to issuer on March 31, 2026
Tax-withholding shares 4,151 shares Shares disposed to satisfy withholding taxes on March 31, 2026
Post-transaction holdings 117,305 shares Direct Class A common stock held after March 31, 2026 transactions
Share price reference $6.20 per share Price used for issuer dispositions of Class A common stock
restricted stock units financial
"Reflects the disposal of restricted stock units granted to the reporting person"
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.
performance-based shares financial
"disposal of performance-based shares of Company common stock, granted on March 9, 2026"
2022 Long Term Incentive Plan financial
"including performance-based restricted stock units, under the 2022 Long Term Incentive Plan"
tax-withholding disposition financial
"tax-withholding disposition"
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.
disposition to issuer financial
"transaction_action": "issuer disposition""
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Commercial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A common stock, par value $0.01 per share03/31/2026D7,564(1)D$6.2126,786D
Class A common stock, par value $0.01 per share03/31/2026D5,330(2)D$6.2121,456D
Class A common stock, par value $0.01 per share03/31/2026F4,151(3)D$0117,305D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects the 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.
2. Reflects the disposal of performance-based shares of Company common stock, granted on March 9, 2026 under the 2023 performance-based award, which vested on March 31, 2026 and were settled with the reporting person in cash.
3. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 31, 2023 grant of restricted stock units, including performance-based restricted stock units, under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 31, 2026.
/s/ Steven Scrogham, Attorney-in-Fact04/01/2026
** Signature of Reporting PersonDate
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)

FAQ

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

Matthew Greenwood reported disposing of ProFrac shares in connection with vested equity awards. Shares were returned to the issuer as restricted stock units and performance-based shares settled in cash, and some were withheld to cover taxes upon vesting, leaving him with 117,305 directly held shares.

How many ProFrac (ACDC) shares did Matthew Greenwood dispose of to the issuer?

Greenwood disposed of 7,564 and 5,330 ProFrac Class A shares to the issuer. These disposals reflect vested restricted stock units and performance-based shares that were settled in cash rather than stock, as described in the Form 4 footnotes for March 31, 2026.

How many ProFrac (ACDC) shares were used to satisfy Matthew Greenwood’s tax withholding?

A total of 4,151 ProFrac Class A shares were disposed of to satisfy withholding taxes. This tax-withholding disposition occurred upon vesting of restricted stock units, including performance-based units, granted under the company’s 2022 Long Term Incentive Plan on March 31, 2026.

What is Matthew Greenwood’s remaining ProFrac (ACDC) share ownership after these transactions?

Following the March 31, 2026 transactions, Greenwood directly holds 117,305 ProFrac Class A shares. This figure reflects his position after issuer dispositions of vested awards and shares withheld for applicable taxes, as reported in the Form 4 ownership table.

Were Matthew Greenwood’s ProFrac (ACDC) transactions open-market sales or compensation related?

The transactions were compensation related, not open-market sales. Shares were disposed of to the issuer as vested restricted stock units and performance-based shares settled in cash, and additional shares were withheld to cover tax obligations arising from the vesting event.