Johnathan Ladd Wilks - 31 Mar 2023 Form 4/A Insider Report for ProFrac Holding Corp. (ACDC)

Role: Chief Executive Officer
Signature: /s/ Steven Scrogham, Attorney-in-Fact
Issuer symbol: ACDC
Transactions as of: 31 Mar 2023
Net transactions value: $0
Form type: 4/A
Filing time: 02 Apr 2024, 17:15:30 UTC
Date Of Original Report: 07 Apr 2023
Previous filing: 12 Aug 2022
Next filing: 26 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACDC	Class A common stock, par value $0.01 per share	Award	$0	-45,643	-30%	$0.000000	105,319	31 Mar 2023	Direct	F1
holding	ACDC	Class A common stock, par value $0.01 per share						1,220,978	31 Mar 2023	Through Limited Partnership	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The original Form 4, filed on April 7, 2023, is being amended solely to correct an administrative error, which erroneously resulted in the inclusion in Table 1 of 45,643 restricted stock units to the reporting person under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. The units should not have been included in the original total because the units have performance conditions that were not met and could not have been met at the time of the original reporting.
F2	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.

Content

The original Form 4, filed on April 7, 2023, is being amended solely to correct an administrative error, which erroneously resulted in the inclusion in Table 1 of 45,643 restricted stock units to the reporting person under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. The units should not have been included in the original total because the units have performance conditions that were not met and could not have been met at the time of the original reporting.

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.

Remarks:

Exhibit 24.1 - Power of Attorney