FTS International (FTSI) executive Vitemb returned to the company 1,686 shares

Insider transactions reported

Jared Vitemb (executive at FTS International Inc., FTSI) reported that they returned to the company 1,686 shares on Mar 4, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person

Vitemb Jared

Options and other derivatives

Holdings before and after

• Class A Common Stock: 1,686 to 0 direct
• Restricted Stock Units: 3,738 to 0 direct
• Warrant (right to buy): 569 to 0 direct

Footnotes from the filing

1. 1. Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of October 21, 2021, among FTS International, Inc. (the Company ), Profrac Holdings, LLC ( Profrac ) and Profrac Acquisitions, Inc. ( Merger Sub ), Effective as of March 4, 2022, as contemplated by the Agreement and Plan of Merger, dated as of October 21, 2021, among the Company, Profrac Holdings, LLC ( Profrac ) and Profrac Acquisitions, Inc. ( Merger Sub ), as amended by Amendment No. 1 to Agreement and Plan of Merger, dated March 1, 2022, referred to as the Merger Agreement, pursuant to which Merger Sub merged with and into the Company (the Merger ), with the Company surviving the Merger as a majority owned subsidiary of Profrac. At the effective time of the Merger, each outstanding share of the Company's common stock was converted into the right to receive $26.52 in cash (the per-share merger consideration ).
2. 2. In addition, all outstanding options and restricted stock units were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration (less the exercise price in the case of options), payable without interest and less any required withholding taxes. The Merger is more fully described in the Company's Proxy Statement filed with the SEC on January 24, 2022.
3. 3. These Restricted Stock Units, which provided for vesting in four equal annual installments beginning on the first anniversary of the date of the grant, were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration.
4. 4. The warrants were cancelled upon the closing of the Merger and converted into the right to receive $3.97 per warrant.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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