Filing Details

Accession Number:
0000899243-23-015736
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-06-16 14:26:09
Reporting Period:
2023-06-14
Accepted Time:
2023-06-16 14:26:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
928054 Flotek Industries Inc FTK Miscellaneous Chemical Products (2890) 900023731
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1696102 Matthew Wilks 17018 Interstate 20
Cisco TX 76437
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.01 Per Share Acquisiton 2023-06-14 129,093 $0.79 310,262 No 4 P Indirect By THRC Holdings, LP
Class A Common Stock, Par Value $0.01 Per Share Acquisiton 2023-06-15 43,354 $0.79 353,616 No 4 P Indirect By THRC Holdings, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By THRC Holdings, LP
No 4 P Indirect By THRC Holdings, LP
Footnotes
  1. The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $0.77 to $0.80 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  2. Matt Wilks, as VP - Investments of THRC Holdings, LP, 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, LP, a Texas limited partnership ("THRC Holdings"), and therefore may be deemed to beneficially own such shares. THRC Holdings, directly holds the securities of the Issuer. THRC Management, LLC, a Texas limited liability company ("THRC Management"), 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.
  3. (Continued from Footnote 2) 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.
  4. As reported in a Schedule 13D/A filed June 5, 2023 ("ProFrac 13D"), THRC Holdings owns (i) 70,849,573 shares of Class A Common Stock of ProFrac Holding Corp. ("ProFrac") and (ii) warrants to purchase 42,744 shares of Class A Common Stock of Profrac and may be deemed to beneficially own an additional 61,480,231 shares of Class A Common Stock of ProFrac which are held directly by other members of the applicable Section 13D group (as it relates to the ProFrac 13D). In the aggregate, members of such Section 13D group (as it relates to the ProFrac 13D) beneficially own 83.2% of the outstanding shares of Profrac. ProFrac may be deemed to hold 88,904,715 shares of the Issuer's Class A common stock, representing 50.64% of the outstanding shares of the Issuer's Class A common stock, as reported in the Issuer's proxy statement filed April 28, 2023. Mr. Wilks is also the Executive Chairman of the Board of Directors of Profrac.
  5. The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $0.76 to $0.80 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.