Wilks Johnathan Ladd 4

What Happened Johnathan Ladd (CEO) is reported to have acquired 54,857 shares of ProFrac Holding Corp. (ACDC) on 2025-09-09. The Form 4 lists the transaction as an "other acquisition or disposition (J)" at $0.00 per share (total cash consideration $0). This was an in‑kind distribution to partners rather than an open‑market purchase.

Key Details

• Transaction date and type: 2025-09-09, Code J ("other acquisition or disposition").
• Price and amount: 54,857 shares acquired at $0.00 per share (no cash paid).
• Filing date: 2026-03-11 — the Form 4 was filed late relative to the transaction (transactionTimeliness = 'L').
• Shares owned after transaction: Not stated on the Form 4 for the reporting person directly.
• Notable footnotes:
  • F1: Shares held by Farjo Holdings, LP were distributed pro rata in‑kind to its partners for no consideration; KWELL Holdings, LP received shares via that distribution.
  • F2: KWELL Holdings, LP directly holds these securities; KWELL Group, LLC (general partner) has exclusive voting and investment control, and Ladd, as manager of KWELL Group, may exercise that control. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Context This was an internal, non‑cash reallocation (in‑kind distribution) among partnership interests, not a market purchase — such transfers reflect ownership restructuring rather than a direct buy/sell decision by the executive. The entity/beneficial‑ownership structure means voting and investment control may be exercised through partnerships and their general partner; the filer disclaims direct beneficial ownership beyond any pecuniary interest. The late filing reduces timely transparency for investors.