Henry Michael S 4

What Happened

• Henry Michael S, Principal Accounting Officer of ProFrac Holding Corp. (ACDC), reported the exercise/conversion (derivative transaction, code M) of 10,539 units on 2026-03-27. The Form 4 shows the units were disposed at $0.00 per share (no proceeds reported).
• A footnote to the filing states this transaction represents the vesting and cash settlement of the first installment of stock-equivalent units granted on March 28, 2025. The units have no exercise price or expiration date.

Key Details

• Transaction date: 2026-03-27 (reported on Form 4 filed 2026-05-08).
• Transaction type/code: Exercise/conversion of derivative (M); 10,539 units affected.
• Reported price/proceeds: $0.00 per share; $0 proceeds reported on the Form 4.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — vesting and cash settlement of stock-equivalent units from 3/28/2025; units lack exercise price/expiration.
• Timeliness: The Form 4 was filed on 2026-05-08, about 6 weeks after the transaction (later than the typical 2-business-day filing requirement).

Context

• This was not an open-market purchase or sale of company stock. It reflects compensation vesting that was cash-settled rather than delivery of shares. Such routine vesting/settlement transactions are common for executive compensation and do not necessarily indicate a change in insider sentiment.