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ProPetro (PUMP) COO Adam Munoz receives 86,806 RSUs and withholds shares for taxes

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

Rhea-AI Filing Summary

ProPetro Holding Corp. President and COO Adam Munoz reported equity award activity involving restricted stock units (RSUs) and common stock. On February 27, 2026, he received a grant of 86,806 RSUs, which will vest in three substantially equal annual installments commencing on February 27, 2027.

On February 28, 2026, previously awarded RSUs vested and settled, resulting in 41,929 shares of common stock being delivered upon exercise or conversion of derivative securities. To cover taxes associated with this vesting, 16,500 shares of common stock were withheld at a price of $12.13 per share, described as a payment of tax liability by delivering securities. After these transactions, Munoz directly held 196,698 shares of common stock and 282,897 RSUs, each RSU representing the right to receive either one share or cash equal to the fair market value of one share.

Positive

  • None.

Negative

  • None.
Insider Munoz Adam
Role President and COO
Type Security Shares Price Value
Exercise Restricted Stock Units 41,929 $0.00 --
Exercise Common Stock 41,929 $0.00 --
Tax Withholding Common Stock 16,500 $12.13 $200K
Grant/Award Restricted Stock Units 86,806 $0.00 --
Holdings After Transaction: Restricted Stock Units — 240,968 shares (Direct); Common Stock — 213,198 shares (Direct)
Footnotes (1)
  1. Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs"). Each RSU represents a contingent right to receive either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock. Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded RSUs. The RSUs will vest in three substantially equal annual installments commencing on February 27, 2027. On February 28, 2024, the reporting person was granted 125,786 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
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*
Munoz Adam

(Last) (First) (Middle)
ONE MARIENFELD PLACE
110 N. MARIENFELD STREET, SUITE 300

(Street)
MIDLAND TX 79701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ProPetro Holding Corp. [ PUMP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
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
Common Stock 02/28/2026 M 41,929(1) A (2) 213,198 D
Common Stock 02/28/2026 F 16,500(3) D $12.13 196,698 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
Restricted Stock Units (2)(4) 02/27/2026 A 86,806 (2)(4) (2)(4) Common Stock 86,806 $0 282,897 D
Restricted Stock Units (2) 02/28/2026 M 41,929 (5) (5) Common Stock 41,929 $0 240,968 D
Explanation of Responses:
1. Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs").
2. Each RSU represents a contingent right to receive either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock.
3. Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded RSUs.
4. The RSUs will vest in three substantially equal annual installments commencing on February 27, 2027.
5. On February 28, 2024, the reporting person was granted 125,786 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
Remarks:
/s/ John J. Mitchell, as attorney-in-fact for Adam Munoz 03/03/2026
** 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.

FAQ

What equity transactions did ProPetro (PUMP) executive Adam Munoz report?

Adam Munoz reported RSU grants, vesting, and related share withholding. Previously awarded RSUs vested into 41,929 common shares, 16,500 shares were withheld for taxes, and he received a new grant of 86,806 RSUs vesting over three years.

How many restricted stock units were granted to Adam Munoz of ProPetro (PUMP)?

Adam Munoz was granted 86,806 restricted stock units. These RSUs will vest in three substantially equal annual installments beginning on February 27, 2027, creating a multi-year equity-based compensation schedule tied to continued service and future vesting dates.

What is the vesting schedule for Adam Munoz’s new RSUs at ProPetro (PUMP)?

The new RSUs vest in three substantially equal annual installments. Vesting begins on February 27, 2027, meaning portions of the 86,806-unit award will settle each year over a three-year period, aligning executive compensation with longer-term company performance.

How were taxes handled on Adam Munoz’s vested RSUs at ProPetro (PUMP)?

Taxes were satisfied through share withholding rather than a market sale. Specifically, 16,500 shares of common stock were withheld at $12.13 per share to cover tax liabilities arising from the vesting and settlement of previously awarded RSUs.

How many ProPetro (PUMP) shares does Adam Munoz hold after these transactions?

After the reported transactions, Adam Munoz directly held 196,698 shares of common stock. He also held 282,897 RSUs, each representing a contingent right to receive one share of common stock or cash equal to its fair market value.

What does each RSU reported by ProPetro (PUMP) for Adam Munoz represent?

Each RSU represents a contingent right to receive value tied to one share of common stock. Upon settlement, it may deliver either one actual share of ProPetro common stock or an equivalent amount of cash based on that share’s fair market value.
Propetro Holding

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PUMP Stock Data

1.79B
103.27M
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States
MIDLAND