Henry Michael S 4

What Happened

• Henry Michael S, ProFrac Holding Corp.'s Principal Accounting Officer, received a grant of 39,188 stock-equivalent units on 2026-04-07. The grant is recorded as a derivative award at $0.00 per unit (no cash paid). Because these are stock-equivalent units (not shares issued immediately), there is no immediate sale or purchase.

Key Details

• Transaction date: 2026-04-07; Filing date (accession): 2026-05-08.
• Transaction type: Award/Grant (derivative stock-equivalent units) — 39,188 units @ $0.00; reported value at grant = $0.
• Shares/units owned after transaction: Not specified in the provided filing excerpt.
• Footnote (vesting/payment): Units vest in three equal annual installments beginning April 2027, contingent on continued service. Each unit entitles the holder to a cash payment equal to the fair market value of one Class A common share upon vesting. Units have no exercise price or expiration (see footnote F1).
• Filing timeliness: The Form 4 was filed about one month after the transaction date; Form 4s are normally due within two business days, so this appears to be a late filing, which can reduce short-term transparency.

Context

• These are cash-settled stock-equivalent units (not immediate share ownership or option exercises). Their future value depends on ProFrac’s stock price at each vesting date; they do not require an exercise payment. Awards like this are commonly used for executive compensation and do not necessarily indicate a buy or sell signal by the insider.