Flotek (FTK) 10% Owner ProFrac GDM Sells 2.3M Shares

What Happened

• ProFrac GDM, LLC (identified as a 10% owner) sold 2,306,806 shares of Flotek Industries, Inc. (FTK) on September 11, 2026. The shares were disposed at $26.01 per share for total consideration of $60,000,024.
• The transfers were made pursuant to stock transfer agreements: 1,319,493 shares were transferred to THRC Holdings, LP in exchange for cancellation of $34,320,000 of Alpine Holding II, LLC term loans, and 987,313 shares were transferred to Farris Wilks in exchange for cancellation of $25,680,000 of Alpine term loans. This was a private stock transfer (not a typical open-market sale).

Key Details

• Transaction date and price: 2026-09-11 at $26.01 per share (VWAP-based pricing).
• Total shares sold: 2,306,806; total value: $60,000,024.
• Allocation: 1,319,493 shares → THRC Holdings, LP; 987,313 shares → Farris Wilks.
• Price determination: $26.01 per share equals the 5-day NYSE volume-weighted average price ending the trading day before Sep 11, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date / timeliness: Form filed Sep 15, 2026 for a Sep 11 transaction; timeliness status not indicated in the provided data.

Context

• This transaction was an institutional 10% owner transferring stock in exchange for cancellation of debt — not an executive sale. Such transfers reflect balance-sheet or financing-related arrangements rather than routine open-market trading.
• No options were exercised and no awards, gifts, or tax-withholding dispositions are involved in this report.