Harbour Austin 4

What Happened

• Harbour Austin, Chief Financial Officer of ProFrac Holding Corp. (ACDC), had vested restricted and performance-based shares settled in cash on March 27, 2026. The filing shows two dispositions to the issuer: 19,624 shares and 18,247 shares at $6.63 each, totaling $251,085 in cash proceeds. Separately, 12,191 shares were surrendered/used to satisfy tax withholding (no proceeds reported).

Key Details

• Transaction dates and prices:
  • 2026-03-27: Disposition to issuer — 19,624 shares @ $6.63 = $130,107
  • 2026-03-27: Disposition to issuer — 18,247 shares @ $6.63 = $120,978
  • 2026-03-27: Payment of tax liability (share surrender) — 12,191 shares @ $0.00 = $0
• Total cash received from the two cash-settled dispositions: $251,085.
• Shares owned after the transaction: not specified in the provided filing information.
• Footnotes (high level):
  • The disposals reflect partial cash settlement of RSUs granted March 28, 2025 and performance-based shares granted March 9, 2026 that vested on March 27, 2026 (F1, F2).
  • Remaining portions of those awards vest equally on March 26, 2027 and March 28, 2028, subject to continued employment and good standing.
  • The 12,191-share disposition relates to withholding to cover taxes on the vested awards (F3).
• Filing timeliness: Report filed 2026-03-31 for transactions on 2026-03-27 — appears to be timely (filed within required business-day window).

Context

• These transactions were cash settlements of vested awards and share withholding for taxes, not open-market sales. Such transactions are common for covering tax obligations on vested equity and do not necessarily indicate management sentiment about the stock.