ProFrac GDM, LLC 4

What Happened

• ProFrac GDM, LLC (a reported 10% owner of Flotek Industries, ticker FTK) exercised a warrant on March 13, 2026, resulting in the issuance of 6,000,000 shares of Flotek common stock. The exercise price was $0.0001 per share, so ProFrac paid roughly $600 in total. The Form 4 shows the warrant (a derivative) was converted and the resulting shares were acquired; no sale of the acquired shares was reported.

Key Details

• Transaction date: March 13, 2026
• Action: Exercise of warrant (derivative converted to common stock)
• Shares issued/acquired: 6,000,000 shares
• Exercise price / cash paid: $0.0001 per share; total ≈ $600
• Filing date: March 16, 2026 (filed timely)
• Shares owned after transaction: not specified in this Form 4
• Footnotes: The warrant was issued April 28, 2025 as partial consideration under an Asset Purchase Agreement; issuance of the underlying shares was approved by Flotek’s common stockholders.

Context

• This was an exercise of a warrant (a right to buy stock), not an open-market purchase or sale. The derivative was converted into shares (the Form 4 records both the derivative disposition and the share acquisition). Because ProFrac is a reported 10% owner (an institutional/beneficial owner), this is insider reporting but not an executive officer trade. There is no indication the shares were immediately sold (no sale reported).