ProFrac GDM, LLC bought FTK
March 13, 2026 · Form 4 insider transaction
ProFrac GDM, LLC bought 6,000,000 shares of Flotek Industries, Inc. at $0.00 per share, a transaction worth $600.00. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
On March 13, 2026, ProFrac GDM, LLC ("ProFrac GDM") exercised the Warrant, which resulted in an issuance of 6,000,000 shares of Common Stock to ProFrac GDM upon conversion of the Warrant. The Issuer's common stockholders have approved the issuance of the Common Stock underlying the Warrant.; On April 28, 2025, pursuant to an Asset Purchase Agreement, dated as of April 28, 2025, by and among ProFrac GDM, PubCo, the Issuer, PWRTEK, LLC, a Texas limited liability company and subsidiary of the Issuer ("PWRTEK"), and the other parties named therein, the Issuer issued a warrant to ProFrac GDM to purchase 6,000,000 shares of the Issuer's Common Stock at an exercise price equal to $0.0001 per share (the "Warrant") as partial consideration for the sale of certain assets by ProFrac GDM to PWRTEK.