ProPetro (PUMP) CFO Caleb L. Weatherl Exercises RSUs; Shares Withheld

What Happened

• Caleb L. Weatherl, Chief Financial Officer of ProPetro Holding Corp. (PUMP), had 33,494 restricted stock units (RSUs) vest and convert into common shares on August 1, 2026. Of those shares, 8,156 were withheld to satisfy tax withholding obligations at $11.10 per share, totaling $90,532. The filing shows the RSU/derivative conversion and the tax-withholding disposition.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 3, 2026.
• Primary actions reported:
  • Conversion/settlement of RSUs: 33,494 shares issued (derivative conversion).
  • Tax withholding: 8,156 shares withheld and disposed at $11.10 per share for $90,532.
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes:
  • F1/F2: These shares were delivered upon vesting/settlement of previously awarded RSUs (each RSU equals one share or cash value).
  • F3: Shares were withheld to satisfy taxes due on vesting.
  • F4: The RSUs were originally granted on August 1, 2025 (100,482 RSUs vesting in three substantially equal annual installments).
• No open-market purchase or sale by the insider — this is a routine settlement of equity awards, not a market transaction.

Context

• This is a common equity-award vesting and cashless-withholding transaction: RSUs converted into shares and a portion withheld to cover taxes rather than the insider selling shares in the open market. Such transactions reflect compensation vesting rather than a directional buy/sell signal.