StockDriftsFLOTEK INDUSTRIES INC/CN/ · FTK · 4 · Filed
10% owner ProFrac GDM sells $60M of stock
FTK
4
Insider trades
Insider sell
Source: SEC EDGAR, accession 0001104659-26-108023
What did FLOTEK INDUSTRIES INC/CN/ announce?
ProFrac GDM, LLC, a 10% holder, sold 2,306,806 shares of Flotek at $26.01 for $60,000,024, cutting its position to 3,693,194 shares.
Key details
- Sale covered 2,306,806 shares at $26.01 per share, a total of $60,000,024.06.
- The reporting owner is ProFrac GDM, LLC, listed as a 10% owner, not an officer or director of the issuer.
- Beneficial ownership after the transaction falls to 3,693,194 shares, all held directly.
- The sale was not made under a Rule 10b5-1 trading plan, according to the filing.
Why it matters
This 4 reports an insider transaction at FLOTEK INDUSTRIES INC/CN/. The likely share-price reaction reads as negative.
Bearish