X0206 3 2022-03-04 0 0000928054 FLOTEK INDUSTRIES INC/CN/ FTK 0001918796 ProFrac Holdings II, LLC 333 SHOPS BLVD., SUITE 301 WILLOW PARK TX 76087 0 0 1 0 0001911179 ProFrac Holdings, LLC 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 0001754159 THRC Holdings, LP 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 0001834450 THRC Management, LLC 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 0001641794 Wilks Farris 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 0001641792 Wilks Dan H. 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 0001641796 Wilks Staci 17018 INTERSTATE 20 CISCO TX 76437 0 0 1 0 10% Convertible PIK Notes 1.0881 2022-03-04 2023-02-02 Common Stock 18380242 D ProFrac Holdings II, LLC, a Texas limited liability company ("ProFrac Holdings II"), directly holds the securities of the Issuer. ProFrac Holdings II is a wholly-owned subsidiary of ProFrac Holdings, LLC, a Texas limited liability company ("ProFrac Holdings"). Each of Farris Wilks and THRC Holdings, LP, a Texas limited partnership ("THRC Holdings"), owns 50% of the membership interests in ProFrac Holdings. In addition, Farris Wilks and Dan Wilks are the sole managers of ProFrac Holdings. THRC Management, LLC, a Texas limited liability company ("THRC Management"), as General Partner of THRC Holdings, has exclusive voting and investment control over the securities of the Issuer held by THRC Holdings, and therefore may be deemed to beneficially own such securities. Dan Wilks, as sole manager of THRC Management, together with his spouse, Staci Wilks, who share the same household, may be deemed to exercise voting and investment power over the securities of the Issuer beneficially owned Continued from footnote 1) Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form 3. On March 4, 2022, ProFrac Holdings transferred all of its right, title and interest in $20,000,000 in aggregate principal amount of 10% Convertible PIK Notes of the Issuer (the "Notes") to ProFrac Holdings II, which became the direct holder of the Notes as a result of such transfer. Subject to earlier conversion in accordance with their terms, the entire outstanding and unpaid principal balance of the Notes, plus any accrued and unpaid interest thereon, will become due and payable to ProFrac Holdings II on February 2, 2023 (the "Maturity Date") in a number of shares of the Issuer's Common Stock, par value $0.0001 per share ("Common Stock"), equal to the quotient obtained by dividing (a) the amount of such outstanding principal and accrued and unpaid interest through the date immediately prior to the Maturity Date, by (b) the lesser of (i) $1.088125 (the "Conversion Price") and (ii) $0.8705, in each case, subject to certain anti-dilution adjustments in accordance with its terms. Subject to the terms and conditions of the Notes, all or any portion of the outstanding principal and accrued and unpaid interest owing under the Notes may be converted at the election of ProFrac Holdings II at any time into a number of shares of Common Stock equal to the quotient obtained by dividing (a) the amount of such outstanding aggregate principal amount plus accrued and unpaid interest through the date immediately prior to the date of conversion, by (b) the Conversion Price. This number represents the number of shares of Common Stock issuable to ProFrac Holdings II upon conversion of the Notes if ProFrac Holdings II elects to convert the Notes based on the aggregate principal amount of the Notes (as described in footnote 4 above), not including the conversion of any accrued but unpaid interest on any Notes, and the Conversion Price applicable to the Notes (as described in footnote 5 above). /s/ Matthew Wilks as attorney-in-fact 2022-03-24