Greenwood Matthew A 4

What Happened

• Matthew A. Greenwood, Chief Commercial Officer of ProFrac Holding Corp. (ACDC), was issued 41,790 shares on March 9, 2026 as an award/acquisition. The shares were reported at an acquisition price of $0.00 (no cash paid at grant).
• This is an award (not a purchase or sale); the grant reflects the release of performance-vesting restrictions after certification of performance goal attainment.

Key Details

• Transaction date: March 9, 2026; filing date (Form 4): March 11, 2026 (appears timely).
• Shares granted/issued: 41,790 at $0.00.
• Footnote: the 41,790 shares represent 34,743 shares from a March 28, 2025 performance award and 7,047 shares from a March 31, 2023 performance award. The awards were performance-vested based on EBITDA, free cash flow and other metrics for the Jan 1–Dec 31, 2025 performance period; the Compensation Committee certified attainment and released restrictions as of the reported date.
• Vesting schedule: the March 2025 portion (34,743 shares) will vest in three equal installments on March 28 of 2026, 2027 and 2028 (subject to continued service and good standing). The March 2023 portion (7,047 shares) will vest on March 31, 2026.
• Shares owned after the transaction were not specified in the provided data.

Context

• Awarded shares granted at $0 are typical for stock-based compensation; because these were performance-vested awards, their issuance reflects achieved company performance metrics rather than an open-market purchase by the insider.
• These awards still include future time-based vesting conditions for portions of the grant; they are not an immediate free-and-clear transfer of all economic interest.