Fietz Shelby Kyle 4

What Happened

Shelby Kyle Fietz, Chief Commercial Officer of ProPetro Holding Corp. (PUMP), had 3,539 restricted stock units (RSUs) settle into common shares on February 1, 2026. Of those shares, 865 were withheld to satisfy tax withholding obligations at $11.49 per share (total withheld value $9,939). The RSU settlement shows an effective exercise/conversion price of $0, meaning these were RSU conversions rather than option purchases.

Key Details

• Transaction date: February 1, 2026 (Form 4 filed Feb 3, 2026 — appears timely).
• Shares issued on vesting/settlement: 3,539 shares (derivative conversion).
• Shares withheld for taxes: 865 shares at $11.49 per share; total tax withholding $9,939 (reported as a disposition, code F).
• Net shares delivered to the insider: 3,539 − 865 = 2,674 shares.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Relevant footnotes:
  • F1/F2/F3 — these shares reflect settlement of previously awarded RSUs; RSUs convert to one share (or cash) and shares were withheld to satisfy taxes.
  • F4 — original grant: 10,615 RSUs granted Feb 1, 2023, vesting in three substantially equal annual installments (this appears to be the annual tranche).

Context

This was an RSU vesting and tax-withholding event (routine compensation vesting), not an open-market purchase or discretionary sell. The $0 exercise price and the withholding of shares to cover taxes indicate a cashless settlement of RSUs. Such withholding transactions are common and generally reflect payroll/tax obligations rather than a directional insider bet on the stock.