Wilks Farris

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 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.