Wilks Family Entity Buys $3.6M of ProFrac Stock
ACDC sits 85% above its 52-week low of $3.08.
Summary
Dan Wilks' THRC Holdings bought $3.6M of ProFrac stock in open-market purchases, increasing the family's stake to 87.5 million shares.
Key Events · Ownership and Investor Activity · ACDC
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Major Shareholder Buys $3.6M
THRC Holdings LP, controlled by Dan Wilks, acquired 720,000 shares for $3,616,641.30 in two open-market transactions on August 10-11, 2026.
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Purchase Prices
Shares were bought at weighted average prices of $4.859 and $5.443, with individual trades ranging from $4.645 to $5.45.
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Stake Increases to 87.5M Shares
Post-transaction holdings reached 87,500,195 shares, solidifying the Wilks family's position as a major shareholder.
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Follows CEO's Purchase
This purchase comes two days after CEO Matthew Wilks bought $401,851 of ProFrac stock, indicating coordinated insider buying.
Analysis · ACDC · Energy & Transportation
THRC Holdings LP, controlled by Dan Wilks, bought 720,000 shares of ProFrac for $3.6 million on August 10-11. This is a significant open-market purchase by a major shareholder, adding to the Wilks family's already substantial stake. The purchase comes just days after CEO Matthew Wilks bought $401,851 of stock, reinforcing insider confidence despite the company's recent net losses and CEO resignation.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 29.7% of the 1531 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. 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 $5.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $936.1M. 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.