ProFrac GDM Sells $60M of Flotek Stock to Cancel Alpine Term Loans
FTK has more than doubled off its 52-week low of $11.42.
Summary
ProFrac GDM sold 2.3 million Flotek shares worth $60 million to cancel $60 million of Alpine term loans, reducing its stake to 3.69 million shares.
Key Events · Ownership and Investor Activity · FTK
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10% Owner Sells $60M Stake
On September 11, 2026, ProFrac GDM sold 2,306,806 shares of Flotek common stock at $26.01 per share, totaling $60,000,024.06.
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Sale Structured as Debt Cancellation
The shares were transferred to THRC Holdings (1,319,493 shares) and Farris Wilks (987,313 shares) in exchange for cancellation of $34.32M and $25.68M of Alpine Holding II term loans, respectively.
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Ownership Reduced to 3.69M Shares
Post-transaction holdings fell to 3,693,194 shares, a reduction of approximately 38% from the prior 6,000,000 shares.
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Pricing Based on 5-Day VWAP
The $26.01 per share price was determined using the volume-weighted average price over the five trading days ending September 10, 2026.
Analysis · FTK · Industrial Applications And Services
A 10% owner of Flotek Industries, ProFrac GDM, sold 2.3 million shares for $60 million at $26.01 per share — a transaction representing roughly 6% of Flotek's market cap. The sale was not for cash but to extinguish $60 million of Alpine Holding II term loans held by THRC Holdings and Farris Wilks. This is a significant ownership reduction by a major holder, though the structure suggests debt restructuring rather than a pure market exit. The sale price of $26.01 was set by a 5-day VWAP ending September 10, 2026, and is slightly below today's $26.98 price.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 35.7% of the 1179 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. 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, FTK was trading at $26.98 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $977.2M. The 52-week trading range was $11.42 to $39.67. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.