ProFrac GDM transfers Flotek shares against $60M affiliate term loans

What did FLOTEK INDUSTRIES INC/CN/ announce?

ProFrac GDM moved 1,319,493 Flotek shares to THRC Holdings and 987,313 to Farris C. Wilks, who cancelled $60,000,000 of Alpine Holdings term loans in exchange.

Key details

• Aggregate ProFrac beneficial ownership is unchanged at 20,937,915 shares, or 54.5% of the 36,220,429 shares outstanding as of August 3, 2026.
• ProFrac GDM exercised its April 28, 2025 warrant on March 13, 2026, receiving 6,000,000 shares; after the transfers it holds 3,693,194 shares, or 10.2%.
• On September 11, 2026 a lender assigned $60,000,000 aggregate principal amount of Alpine Holdings term loans to THRC Holdings, LP and Farris C. Wilks.
• Share counts were set by dividing each loan amount by the five-day VWAP ending before the September 11, 2026 effective date, with both sales made under a private Section 4(a)(7) resale exemption.

Why it matters

This 13D/A reports a change in ownership at FLOTEK INDUSTRIES INC/CN/. The likely share-price reaction reads as neutral.

More from FLOTEK INDUSTRIES INC/CN/

• 4

  Sep 16, 2026
  Director Matthew Wilks buys 1,319,493 shares for $34.3M
• 4

  Sep 16, 2026
  10% owner ProFrac GDM sells $60M of stock
• 8-K

  Sep 9, 2026
  Raises 2026 revenue guidance to $360M-$370M and Adj. EBITDA to $50M-$54M

All FLOTEK INDUSTRIES INC/CN/ SEC filings →