Dan Wilks' THRC Holdings Adds $2.9M More ProFrac Stock
ACDC sits 56% above its 52-week low of $3.08.
Summary
Dan Wilks' THRC Holdings purchased $2.9 million of ProFrac stock on August 21-25, increasing the family's stake to 88.1 million shares and continuing a multi-week accumulation pattern.
Key Events · Ownership and Investor Activity · ACDC
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THRC Holdings Buys $2.9M More Stock
Dan Wilks' THRC Holdings acquired 607,227 shares for $2,867,649 across three open-market purchases on August 21, 24, and 25 at prices ranging from $4.63 to $4.82.
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Family Stake Rises to 88.1M Shares
Post-transaction holdings reached 88,107,422 shares, up from 87.5 million disclosed on August 12, 2026.
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Accumulation Pattern Continues
This follows a $3.6 million THRC Holdings purchase on August 12 and a $401,851 CEO Matthew Wilks purchase on August 10-11, totaling over $6.9 million in family buying within two weeks.
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Buying Despite Q2 Loss and CEO Exit
Purchases come after ProFrac reported a $74.7 million Q2 net loss and announced the CEO's resignation on August 6, 2026.
Analysis · ACDC · Energy & Transportation
Dan Wilks, through THRC Holdings, bought another $2.9 million of ProFrac stock across three trading days, lifting the family's stake to 88.1 million shares. This follows a $3.6 million purchase disclosed two weeks ago and a $401,851 CEO purchase on August 10-11, extending a clear accumulation pattern by the Wilks family. The buying comes despite ProFrac's Q2 net loss of $74.7 million and a recent CEO resignation, suggesting the controlling family sees value at prices near $4.70-$4.81.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ACDC was trading at $4.79 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $850.5M. The 52-week trading range was $3.08 to $8.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.