ProFrac redeems all 104.2M ProFrac LLC units; all Class B shares canceled

ProFrac Holding Corp.

Redeemed 104,195,938 ProFrac LLC units for same number of new Class A common shares.
All Class B common stock surrendered and canceled; no Class B shares remain outstanding.
Redeeming members include controlling stockholders Dan and Farris Wilks, Executive Chairman Matt Wilks, CEO Ladd Wilks, director Coy Randle.
New Class A shares issued in reliance on Section 4(a)(2) exemption from registration.
Redemption may increase effective tax rate and trigger obligations under Tax Receivable Agreement.

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