Profrac director Dan Wilks acquires $3.6m in ACDC shares

ProFrac Holding Corp. (NASDAQ:ACDC) Director Dan H. Wilks recently purchased $3.6 million worth of company shares. Over two days in August 2026, Wilks acquired 517,669 shares at an average price of $4.86 per share, and then bought an additional 202,331 shares at an average price of $5.44 per share. These transactions were conducted indirectly through THRC Holdings LP, of which Wilks is the sole member and may control voting and investment decisions on behalf of THRC Management LLC.

Following these purchases, Wilks now owns 87,500,195 shares of ACDC's Class A common stock, bringing the company's insider ownership up to 87.5%. Despite a stock price increase of 15% over the past week, analysts suggest that the stock may be overvalued at its current trading price of $5.14.