Scrogham Steven 4

What Happened
Steven Scrogham, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of ProFrac Holding Corp. (ACDC), was reported as acquiring 31,047 shares on March 9, 2026. The Form 4 lists the transaction as an award/grant (code A) at $0.00 (reported value $0), reflecting issuance of performance-based restricted shares rather than an open-market purchase.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (two days after the transaction).
• Transaction type/code: Award/Grant (A). Reported price per share: $0.00; total reported value: $0.
• Shares acquired: 31,047 performance share units.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote (F1): These shares were originally granted March 28, 2025 under a performance share award tied to EBITDA, free cash flow and other metrics for the 2025 performance period. The performance conditions were certified met, releasing the restrictions on the March 9, 2026 date reported. The shares will vest in three equal installments on March 28, 2026, March 28, 2027 and March 28, 2028, subject to Scrogham’s continued service and good standing.

Context
This was an issuance of performance-vested restricted stock (not an outright market purchase), so it reflects compensation and achievement of preset performance goals rather than a direct market bet by the insider. Vesting remains subject to continued employment, so the shares are not fully liquid immediately. The filing appears timely based on the reported dates.