<SEC-DOCUMENT>0000950170-23-051742.txt : 20231003
<SEC-HEADER>0000950170-23-051742.hdr.sgml : 20231003
<ACCEPTANCE-DATETIME>20231003201155
ACCESSION NUMBER:		0000950170-23-051742
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230929
FILED AS OF DATE:		20231003
DATE AS OF CHANGE:		20231003

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wilks Dan H.
		CENTRAL INDEX KEY:			0001641792

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41388
		FILM NUMBER:		231306268

	MAIL ADDRESS:	
		STREET 1:		17018 INTERSTATE 20
		CITY:			CISCO
		STATE:			TX
		ZIP:			76437

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			THRC Holdings, LP
		CENTRAL INDEX KEY:			0001754159
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41388
		FILM NUMBER:		231306270

	BUSINESS ADDRESS:	
		STREET 1:		17018 INTERSTATE 20
		CITY:			CISCO
		STATE:			TX
		ZIP:			76437
		BUSINESS PHONE:		8178503600

	MAIL ADDRESS:	
		STREET 1:		17018 INTERSTATE 20
		CITY:			CISCO
		STATE:			TX
		ZIP:			76437

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			THRC Management, LLC
		CENTRAL INDEX KEY:			0001834450
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41388
		FILM NUMBER:		231306269

	BUSINESS ADDRESS:	
		STREET 1:		17018 INTERSTATE 20
		CITY:			CISCO
		STATE:			TX
		ZIP:			76437
		BUSINESS PHONE:		8178503600

	MAIL ADDRESS:	
		STREET 1:		17018 INTERSTATE 20
		CITY:			CISCO
		STATE:			TX
		ZIP:			76437

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ProFrac Holding Corp.
		CENTRAL INDEX KEY:			0001881487
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		333 SHOPS BOULEVARD
		STREET 2:		SUITE 301
		CITY:			WILLOW PARK
		STATE:			TX
		ZIP:			76087
		BUSINESS PHONE:		254-776-3722

	MAIL ADDRESS:	
		STREET 1:		333 SHOPS BOULEVARD
		STREET 2:		SUITE 301
		CITY:			WILLOW PARK
		STATE:			TX
		ZIP:			76087
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-09-29</periodOfReport>

    <issuer>
        <issuerCik>0001881487</issuerCik>
        <issuerName>ProFrac Holding Corp.</issuerName>
        <issuerTradingSymbol>ACDC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001754159</rptOwnerCik>
            <rptOwnerName>THRC Holdings, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17018 INTERSTATE 20</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CISCO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76437</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001834450</rptOwnerCik>
            <rptOwnerName>THRC Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17018 INTERSTATE 20</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CISCO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76437</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001641792</rptOwnerCik>
            <rptOwnerName>Wilks Dan H.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17018 INTERSTATE 20</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CISCO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76437</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Redeemable Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>20.00</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-09-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2024-09-29</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1500000</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>30000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">According to the ProFrac Holding Corp. Certificate of Designation (Exhibit 3.1 to ProFrac Holding Corp's 10/2/23 8k), the Conversion Price &quot;shall initially be $20.00, which may be adjusted from time to time as set forth herein.&quot;</footnote>
        <footnote id="F2">Issuer's Series A Convertible Preferred Stock has no expiration date as it is not redeemable at the option of the holder and does not automatically convert into common stock on a specified date.</footnote>
        <footnote id="F3">The number of shares is determined by multiplying the Conversion Ratio and Number of Derivative Securities Acquired.  The Conversio Ratio &quot;is the quotient of (i) the Liquidation Preference as of the date of conversion and (ii) the then applicable Conversion Price.&quot;  The Liquidation Preference &quot;initially shall equal the original price of $1,000 for each share of Series A Preferred Stock, which amount shall be adjusted as the result of any PIK Accrual and as otherwise set forth.&quot; The PIK Accrual is equal to 8% per annum, which is compounded quarterly.  As of the date of this filing, the Conversion Ratio is 50 and the Number of Derivative Securities Acquired is 30,000.  As such, when multiplied, the number of shares of Class A Common Stock is 1,500,000.</footnote>
        <footnote id="F4">THRC Holdings, LP, a Texas limited partnership (&quot;THRC Holdings&quot;), directly holds the securities of the Issuer. THRC Management, LLC, a Texas limited liability company (&quot;THRC Management&quot;), as General Partner of THRC Holdings, has exclusive voting and investment control over the shares of the Issuer's Class A common stock held by THRC Holdings, and therefore may be deemed to beneficially own such shares. Dan Wilks, as sole manager of THRC Management, may be deemed to exercise voting and investment power over the shares of the Issuer's Class A common stock directly owned by THRC Holdings, and therefore may be deemed to beneficially own such shares. Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 4.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>THRC Holdings, LP, /s/ [Javier Rocha, Attorney-in-Fact]</signatureName>
        <signatureDate>2023-10-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>THRC Management, LLC, /s/ [Javier Rocha, Attorney-in-Fact]</signatureName>
        <signatureDate>2023-10-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Dan Wilks, /s/ [Javier Rocha, Attorney-in-Fact]</signatureName>
        <signatureDate>2023-10-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
