Lawrence G Larry 4

What Happened

• Lawrence G Larry, a director of ProPetro Holding Corp. (PUMP), had 28,181 restricted stock units (RSUs) vest and be converted on 2026-05-18. The Form 4 reports an acquisition/conversion of 28,181 shares (derivative code M) and an immediate disposition of the same 28,181 shares at $0.00, with $0 in proceeds reported. This filing reflects settlement of previously awarded RSUs rather than an open-market buy or sell.

Key Details

• Transaction date: 2026-05-18 (Form 4 filed 2026-05-19 — appears timely).
• Reported actions: 28,181 RSUs converted to 28,181 shares (Acquired; price N/A) and 28,181 shares disposed at $0.00 (proceeds $0).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes on the filing:
  • F1: Shares delivered upon vesting and settlement of previously awarded RSUs.
  • F2: Each RSU represents a contingent right to one share or cash equal to fair market value.
  • F3: The RSUs were granted on May 21, 2025 and vested in full upon the earlier of the day before the 2026 annual meeting and May 21, 2026.
• Transaction code M indicates exercise/conversion of a derivative (here, RSU settlement). Disposal at $0 is not an open-market sale.

Context

• Disposition of RSU-settled shares at $0 commonly reflects shares withheld by the company to satisfy tax withholding or a cash-in-lieu settlement rather than a sale to generate cash — i.e., an administrative tax-withholding action, not an investor-driven sale. No cash proceeds were reported, and there is no indication of a market sale.
• This is an administrative insider filing documenting RSU vesting/settlement and does not necessarily indicate a change in the director’s market view of ProPetro.