ACDC ProFrac Holding Corp. Insider Trading

Executive Chairman Wilks buys 43,297 shares ($164,577.51) at $3.80 avg; stock down 65.0% YTD, unprofitable with -16.7% revenue decline.

Wilks Matthew purchased 43,297 shares across 2 separate transactions on 2025-09-08 for $164,577.51, increasing his holdings from 378,800 to 422,097 shares (+11.4%). The purchase occurs when ACDC trades at $3.68, down 65.0% from its 52-week high and fallen 41.7% over the prior 30 days. Fundamentals show the company is unprofitable with net income of $-105,900,000 and annual revenue declining 16.7%, creating a backdrop of material business deterioration. His prior 5 trades at ACDC were all well-timed at the 90-day mark with returns ranging from +0.9% to +117.4%, though his most recent buy on 2025-05-13 exhibited +83.4% at 30 days before moderating to +23.3% at 90 days, suggesting diminishing momentum even within his strong ACDC track record. The timing and scale of this purchase warrant close attention given the sharp recent price decline, extended unprofitability, and negative revenue trajectory.

10% Owner Wilks Farris purchases 2,500,000 shares of ACDC at $4.00 for $10,000,000.00, raising stake 214.6%; stock down 51.4% in 30 days.

Wilks Farris, a 10% owner, deployed $10,000,000.00 to purchase 2,500,000 shares at $4.00, increasing his shareholding from 1,165,132 to 3,665,132 shares (+214.6% vs pre-transaction holdings). This is a substantial absolute commitment by a material shareholder, yet the company's fundamentals present material headwinds: ProFrac reported a net loss of $-105,900,000.00 on quarterly revenue of $501,900,000.00, with annual revenue declining -16.7% year-over-year. The transaction occurred at $4.00, but the stock has since fallen -51.4% over 30 days and trades -63.4% below its 52-week high of $10.53, now at $3.85. Wilks's prior same-ticker buys at ACDC show mixed execution: his February 2025 purchase gained 11.3% over 30 days, but his April 2024 and October 2023 buys declined -58.4% and -9.4% respectively over their 30-day windows, with only 1 of 3 prior buys achieving positive 90-day returns. This purchase occurs amid deteriorating equity price and a cash-burn environment, warranting scrutiny into whether this represents conviction in a turnaround scenario or liquidity/capital allocation rationale.

10% owner THRC Holdings buys 2,500,000 shares of ACDC at $4.00 ($10.0M); stock down -63.4% from 52-week high, down -51.4% in 30 days.

THRC Holdings, a 10% owner, purchased 2,500,000 shares at $4.00 on 2025-08-14, increasing post-transaction holdings to 82,389,657 shares. The transaction occurs amid severe price deterioration: the stock trades at $3.85, down 63.4% from its 52-week high and down 51.4% over the past 30 days. At the same ticker (ACDC), this insider's prior 5 buy transactions showed mixed outcomes: 3 of 5 achieved positive 90-day returns after purchase, suggesting intermittent success at timing buys at this company. However, the current fundamental environment is materially challenged—the company posted a net loss of $105,900,000 for the latest quarter against revenue of $501,900,000, and annual revenue growth was -16.7%. The combination of a substantial position increase by a major owner during acute price weakness, paired with ongoing operational losses and negative revenue momentum, creates elevated scrutiny regarding whether this purchase reflects genuine conviction or responds to deteriorated valuation alone.

THRC Holdings (10% owner) bought 621,000 shares in ACDC over 3 days at blended average price $6.15; current price $6.13

THRC Holdings accumulated 621,000 shares across 3 separate transactions between 2025-05-14 and 2025-05-16 for $3,819,454.16, increasing holdings by 0.8% to 79.86M shares. The timing occurs amid significant recent price recovery (+35.6% in 30 days) from a 52-week low of $3.98, though the stock remains -36.4% below its 52-week high of $9.64. This 10% owner's prior trades at ACDC show a consistent pattern of well-timed purchases at the 90-day mark across 3 measurable instances (2024-09-09 through 2024-09-12), with gains of +13.4% to +18.5% realized within 30 days and +18.6% to +30.2% within 90 days. The company faces fundamental headwinds: -16.7% annual revenue decline (to $600.3M latest quarter), net losses of $-17.5M, and unprofitability over the most recent fiscal year. The scale of this buy and the insider's demonstrated accuracy at this specific ticker merit attention, but the underlying business deterioration requires investors to understand what conviction, if any, justifies accumulation into a contracting, unprofitable operation.

10% owner THRC Holdings buys 24,327 shares at $4.85 avg (May 2025); 4 prior ACDC buys all showed 30d+ gains

THRC Holdings, LP purchased 24,327 shares across 2 transactions (23,599 shares at $4.85 on 2025-05-12 and 728 shares at $4.93 on 2025-05-13) for a blended average price of $4.85, raising its stake to 79,234,858 shares. At the current price of $6.15, the stock trades 28.4% higher over the past 30 days and is -36.2% from its 52-week high of $9.64. THRC's prior 4 trades at ACDC (all buys in September 2024) each delivered positive 90-day returns of 30.2%, 19.4%, 18.6%, and 32.8%, establishing a consistent pattern of timing the buying opportunity well. Against this backdrop, the 10% owner's incremental purchase at $4.85 in May 2025—near the lower end of the 52-week range ($3.98–$9.64)—occurs during a period when the company is unprofitable ($-17.5M net income in latest quarter) and posted -16.7% annual revenue decline, yet the insider's historical execution at this specific ticker suggests conviction in the recovery thesis.

Executive Chairman Wilks buys 90,044 shares (90.0K) at blended $4.73 for $425,988.17; holdings increase 31.2% to 378.8K shares

Matthew Wilks, Executive Chairman of ProFrac Holding Corp. (ACDC), deployed approximately $426,000 across 4 separate purchases totaling 90,044 shares between May 9–13, 2025, at prices ranging from $4.08 to $4.94. This transaction increases his post-transaction holdings by 31.2% versus his prior stake, representing a material accumulation. However, ACDC's operating context remains challenged: the company reported negative net income of $-17.5M in its latest quarter and full-year net income was negative, with annual revenue declining 16.7% year-over-year. At the same ticker, Wilks' prior 5 trades show a 0-for-5 track record of being well-timed at the 90-day mark, with an average 90d return of -10.9% (inclusive of the 2025-02-26 buy which is still within its measurement window). While his cross-ticker track record shows stronger execution (60% 90-day win rate, average 90d return +332.1%), the persistent pattern of unfavorable outcomes at ACDC specifically warrants investor attention to the company's ability to stabilize operations and reverse its negative momentum.

10% owner Wilks Farris purchased 338,756 shares of ACDC at $6.93 on 2025-02-26 for $2,347,579.08

Wilks Farris, a 10% owner, purchased 338,756 shares at $6.93 in an open-market transaction, increasing holdings by 34.6% to 1,316,534 shares post-transaction. The timing presents a mixed signal: the stock is trading 25.4% below its 52-week high and down 20.7% over the past 90 days, however Farris's prior transaction history at this ticker is unfavorable—his 2024-04-25 buy declined 67.0% within 90 days and his 2023-10-27 buy declined 17.2%. Across all tickers, his prior buys average a 90-day return of -42.1% with a 0.00% win rate at the 90-day mark. The company posted $-45,200,000 net income on $575,300,000 quarterly revenue and remains unprofitable on a full-year basis, providing limited fundamental support for the accumulation.

Executive Chairman Matthew Wilks buys 288.8K ACDC shares at $6.93; prior ACDC buys have underperformed at 90-day horizon.

Matthew Wilks, Executive Chairman, purchased 288.8K shares of ProFrac Holding Corp. (ACDC) at $6.93 on 2025-02-26, establishing a new 288.8K-share position. His cross-ticker track record shows 10 prior open-market buys averaging +292.8% over 30 days and +332.1% over 90 days with a 60.00% win rate. However, his same-ticker history at ACDC is markedly weaker: of 4 prior buys since May 2023, none achieved positive 90-day returns, with the most recent two buys in November 2024 declining -5.9% and -5.2% respectively over 30 days. The current stock price of $7.17 reflects a -5.7% decline over 30 days and sits -25.6% from its 52-week high of $9.64. Fundamentally, ProFrac reported $575.3M in latest-quarter revenue but carries a $-45.2M net loss and remains unprofitable over its most recent full fiscal year, despite +8.4% annual revenue growth. The tension between Wilks' strong broad-market track record and his repeated poor timing at this specific ticker warrants scrutiny of whether this purchase reflects conviction specific to ACDC or follows a pattern detached from price momentum at this holding.

Executive Chairman Wilks buys 79,960 shares at avg $7.79 for $623,068.40; poor timing history at ACDC, up 54.5% in 30d.

Matthew Wilks, Executive Chairman of ProFrac (ACDC), purchased 79,960 shares across 2 transactions totaling $623,068.40 at an average blended price of $7.79, increasing his holdings by +5.6% to 1.52M shares. The company is currently unprofitable with full-year net income of $-45.2M against quarterly revenue of $575.3M; despite an 8.4% annual revenue growth rate, the fundamental backdrop remains stressed. While ACDC has surged 54.5% over the past 30 days and Wilks' cross-ticker track record shows a 75% 90-day win rate with avg 90d return of +416.3%, his execution record at ACDC specifically is poor: 0 of 2 prior buys at this ticker were well-timed at the 90-day mark, with his May 2024 purchase showing -27.2% 90d return. The timing context—buying into a sharp 30-day rally, at a blended price $1.34 below current levels—merits observation, especially given persistent unprofitability and lackluster same-ticker timing history.

THRC Holdings LP (10% owner) bought 353.6K shares of ACDC at $6.17 on 2024-09-12; stock now -47.6% from 52-week high.

THRC Holdings LP purchased 353,635 shares at $6.17, adding to its 79.20M share position—a minimal 0.4% net increase in holdings. The timing context is unfavorable: the stock trades at $6.23, down 15.9% over 90 days and 47.6% below its 52-week high of $11.88, while the company remains unprofitable with a $-66.7M net loss against $579.4M in quarterly revenue. Critically, this transaction occurred amid a rapid sequence of five consecutive buy orders from the same filer spanning 2024-09-03 through 2024-09-12, suggesting cumulative accumulation during a period of significant price deterioration rather than a standalone conviction-driven decision. The insider's cross-ticker track record shows a 0.00% 90-day win rate on 20 prior open-market buys with an average 90-day return of -30.6%, indicating a consistent pattern of purchases that have not translated to positive outcomes within a three-month window.