Scrogham Steven 4

What Happened
Steven Scrogham, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of ProFrac Holding Corp. (ACDC), was granted 150,000 performance-based restricted stock units (RSUs) on April 7, 2026. The grant was recorded at $0.00 cash paid; these RSUs represent contingent rights to receive Class A shares if specified performance and service conditions are met. This is an award/grant (not a purchase or sale).

Key Details

• Transaction date: 2026-04-07; Filing date (Form 4): 2026-04-09 — filing appears timely.
• Transaction type/code: A (Award/Grant); reported acquisition price $0.00.
• Shares involved: 150,000 RSUs granted.
• Shares owned after transaction: Not reported in the provided filing.
• Footnote summary: RSUs are performance-based under the 2022 Long Term Incentive Plan. Vesting begins after April 7, 2027 and is tied to 30-day VWAP thresholds: 10% vest at $7.00, 25% at $10.00, 25% at $14.00, and 40% at $18.00. Continuous employment in good standing is required on each vesting date.
• No indication of 10b5-1 plan, tax-withholding sale, or immediate sale of shares.

Context
Performance RSUs are compensation awards that only convert into shares if both service and performance (stock-price) conditions are met; they do not represent immediately tradable stock or cash. Such grants can dilute existing shareholders if and when they vest and are settled, but the grant itself is routine executive compensation disclosure and does not by itself signal a buy or sell decision.