GOBE PHILLIP A 4

What Happened

• Phillip A. Gobe, a director of ProPetro Holding Corp. (PUMP), reported the conversion/settlement of 28,181 restricted stock units (RSUs) on May 18, 2026. The Form 4 shows 28,181 shares acquired upon conversion and a corresponding disposition of 28,181 shares at $0 (derivative).
• The filing does not report a cash purchase price or a market-value sale amount for these entries; the acquired amount is listed as N/A and the disposition price is $0. This transaction reflects RSU settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-19 (timely filing).
• Reported entries: 28,181 shares acquired on conversion (derivative, code M) and 28,181 shares disposed at $0 (derivative).
• Shares owned after transaction: not disclosed in the provided filing data.
• Footnotes from the filing:
  • F1: Shares delivered upon vesting and settlement of previously awarded RSUs.
  • F2: Each RSU equals a contingent right to one share or a cash amount equal to the share’s fair market value.
  • F3: The RSUs were originally granted May 21, 2025 and vest in full upon the earlier of the day before the issuer’s 2026 annual meeting and May 21, 2026.
• Filing appears timely (covered period 2026-05-18; filed 2026-05-19).

Context

• The transaction code M indicates an exercise or conversion of a derivative (here, RSUs converting to shares). The matching disposition at $0 often reflects shares surrendered back to the company as part of settlement (for example, to satisfy tax withholding or net-settlement), but the Form 4 does not specify the exact reason for the $0 disposition.
• This is an award/settlement event rather than an independent purchase or sale; such vesting/settlement entries are common for compensation and do not by themselves indicate the director’s market view.