Wilks Farris 4
4 · U.S. WELL SERVICES HOLDINGS, LLC · Filed Nov 9, 2022
Insider Transaction Report
Form 4
Wilks Farris
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.0001 per share
2022-11-01+2,455,070→ 2,455,070 total - Disposition to Issuer
Class A Common Stock, par value $0.0001 per share
2022-11-01+2,455,070→ 0 total - Exercise/Conversion
16.0% Convertible Senior Secured (Third Lien) PIK Note
2022-11-01−2,455,070→ 0 total→ Class A Common Stock (2,455,070 underlying)
Footnotes (2)
- [F1]Reflects the conversion of 16.0% Convertible Senior Secured (Third Lien) PIK Notes of the Issuer into a number of shares of Class A Common Stock of the Issuer equal to the quotient of (i) the aggregate principal amount, plus accrued and unpaid interest, owing under such note through July 9, 2022 ($17,971,111.95), and (ii) $7.32 pursuant to the Agreement and Plan of Merger by and among the Issuer, ProFrac Holding Corp. and Thunderclap Merger Sub I, Inc., dated as of June 21, 2022 (the "Merger Agreement").
- [F2]Reflects the conversion pursuant to the Merger Agreement of shares of Class A Common Stock of the Issuer into 0.3366 shares of Class A Common Stock of ProFrac Holding Corp. ("PFHC Shares"). The closing price of PFHC Shares on November 1, 2022, was $22.08 per share.