Greenwood Matthew A 4

What Happened
Matthew A. Greenwood, Chief Commercial Officer of ProFrac Holding Corp. (ACDC), was granted 150,000 restricted stock units (RSUs) on April 7, 2026. The award is reported at $0.00 per share (no cash paid at grant); these RSUs are performance-based and represent the contingent right to receive one share of Class A common stock if performance and service conditions are met.

Key Details

• Transaction date: 2026-04-07; reported on Form 4 filed 2026-04-09 (timely filing).
• Transaction type/code: A — Award/Grant. Grant reported as 150,000 RSUs at $0.00 (no immediate value realized).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Vesting/conditions (footnote): RSUs vest only after April 7, 2027 and then only when VWAP thresholds are met: 10% at $7.00, 25% at $10.00, 25% at $14.00, 40% at $18.00 (based on the 30-day VWAP). The Reporting Person must remain continuously employed and in good standing to vest.
• No 10b5-1, tax-withholding, or sale reported in this filing.

Context
Performance-based RSUs are common retention/incentive awards; they do not require the insider to buy shares and do not immediately change their cash position. Because vesting depends on share-price targets and continued employment, these grants may align executive pay with long-term stock performance but are not the same signal as an open-market purchase.