Munoz Adam 4

What Happened

• Adam Munoz, President and Chief Operating Officer of ProPetro Holding Corp. (PUMP), had 29,061 restricted stock units (RSUs) convert into common shares on Feb 1, 2026. To satisfy tax withholding, 11,436 of those shares were withheld at $11.49 per share, representing $131,400. Net shares added to Munoz’s holdings from this vesting event were 17,625 (29,061 settled − 11,436 withheld).
• This was a compensation settlement (RSU vesting), not an open-market buy or sell. The filing shows the derivative (RSU) conversion and the tax-withholding disposition; no cashless sale into the market was reported.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely).
• RSU shares converted: 29,061. Shares withheld for taxes: 11,436 at $11.49/share = $131,400.
• Net shares retained: 17,625.
• Footnotes: F1–F4 indicate these were previously awarded RSUs (grant on Feb 1, 2023 for 87,179 RSUs vesting in three roughly equal annual installments). F3 confirms shares were withheld to satisfy tax withholding.
• Shares owned after the transaction are not specified in the provided Form 4 excerpt.

Context

• The M-coded lines reflect conversion/exercise of the derivative (RSU) into common stock; the F-coded line reflects shares withheld to pay tax liabilities associated with the RSU vesting. This is a routine compensation event rather than a market purchase or executive-initiated sale.
• For retail investors: RSU settlements are common and typically reflect scheduled compensation vesting. Purchases signal potential insider conviction more than routine vesting; here the key takeaway is a compensation settlement with tax withholding, not an actionable buy/sell signal.