Johnathan Ladd Wilks - Mar 10, 2025 Form 4 Insider Report for ProFrac Holding Corp. (ACDC)

Role
Chief Executive Officer
Signature
/s/ Steven Scrogham, Attorney-in-Fact
Stock symbol
ACDC
Transactions as of
Mar 10, 2025
Transactions value $
$1,000,000
Form type
4
Date filed
3/12/2025, 04:15 PM
Previous filing
Apr 2, 2024
Next filing
Apr 1, 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACDC Series A redeemable convertible preferred stock Purchase $1M +1K $1,000.00* 1K Mar 10, 2025 Class A common stock, par value $0.01 per share 55.2K $20.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Conversion Price may be adjusted from time to time in accordance with the Certificate of Designation of Series A Redeemable Convertible Preferred Stock, Exh. 3.1 to the Issuer's Form 8-K filed on October 2, 2023 ("CoD").
F2 Issuer's Series A convertible preferred stock has no expiration date as it is not redeemable at the option of holder and does not automatically convert into common stock on a specified date.
F3 In accordance with the CoD, following the first anniversary of the Issuance Date, each holder of Series A redeemable convertible preferred stock shall have the option from time to time to convert all or a portion of holder's shares of Series A redeemable convertible preferred stock into Class A common stock, par value $0.01 per share, at a Conversion Ratio equal to the quotient of (i) the Liquidation Preference as of the date of the conversion, which initially shall equal the original issue price per share of $1,000.00 and subsequently be adjusted as the result of any PIK Accrual and as otherwise set forth in the CoD, and (ii) the then applicable Conversion Price. The amount of underlying securities reported has been determined utilizing the Conversion Ratio calculated as of the transaction date.