Welcome to our dedicated page for Cactus SEC filings (Ticker: WHD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Cactus, Inc. (NYSE: WHD) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed insight into Cactus’ operations in pressure control equipment, spoolable pipe technologies and its surface pressure control joint venture.
Investors can review Form 8-K filings that report material events such as quarterly earnings releases, amendments to credit facilities and significant acquisitions. For example, Cactus has filed 8-Ks describing its agreement to acquire, and subsequent closing of, a 65% interest in Baker Hughes’ Surface Pressure Control business, as well as the related joint venture agreement. Other 8-Ks outline changes to the company’s asset-based lending credit facility, including the addition of a delayed draw term loan facility and revised leverage requirements.
Cactus’ filings also cover topics such as investor presentation materials, compensation arrangements for key executives and governance of the joint venture formed with Baker Hughes. Together with annual and quarterly reports (Forms 10-K and 10-Q, when available), these documents explain segment performance, capital structure, liquidity, and risk factors relevant to the Pressure Control and Spoolable Technologies segments and the SPC business.
On Stock Titan, AI-powered tools summarize complex filings so readers can quickly understand the significance of items like credit facility amendments, joint venture terms and executive compensation awards. Real-time updates from EDGAR help users track new WHD filings as they appear, while access to insider-related forms such as Form 4, when filed, can shed light on equity awards and other transactions involving company insiders.
Cactus, Inc. filed an amended current report to add detailed financial information for its acquisition of 65% of Baker Hughes Pressure Control LLC, the Surface Pressure Control business. The amendment supplies audited 2024 special purpose statements and unaudited nine‑month 2025 data, showing SPC revenue of $503 million in 2024 and $469 million for the nine months ended September 30, 2025.
The filing also presents unaudited pro forma condensed combined financials prepared under ASC 805. Cactus records preliminary purchase consideration of $382.0 million, including $371.0 million cash and deferred payment, recognizes $190.2 million of identifiable intangibles, $95.3 million of goodwill, a $28.2 million inventory step‑up and a $150.0 million mezzanine non‑controlling interest for Baker Hughes’ 35% stake.
Cactus, Inc. furnishes an investor presentation outlining its expanded portfolio, recent acquisitions and near-term outlook. For 2025, the company reports revenue of $1.08 billion and Adjusted EBITDA of $353 million, a 32.7% margin. A new Cactus International joint venture, acquired January 1, 2026, contributed 2024 revenue of $498 million and Adjusted EBITDA of $87 million at a 17.4% margin on a 100% basis, lifting combined 2024 revenue to $1.63 billion.
The presentation highlights a greater mix of international sales, strong free cash flow and low capital intensity. At December 31, 2025, Cactus held about $495 million in cash, including $371 million of restricted cash, and reported net cash of roughly $477 million. Full-year 2026 net capital expenditures are guided to $40–$50 million.
For first quarter 2026, Pressure Control revenue is guided to $295–$305 million with an expected Adjusted EBITDA margin of 23–25%, while Spoolable Technologies revenue is expected to be flat versus fourth quarter 2025 with a 34–36% Adjusted EBITDA margin. Corporate and other are expected to post an Adjusted EBITDA loss of about $5 million. The company also emphasizes an 8% quarterly dividend increase in 2025, an ongoing share repurchase program and management ownership of about 13% of total shares.
Cactus, Inc. Chief Operating Officer Steven Bender reported routine equity compensation activity involving restricted stock units and common shares. On March 10, 2026, he received a grant of 14,290 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
Across March 10–11, 2026, 13,581 previously granted restricted stock units vested and were exercised into Class A common stock at a conversion price of $0.00 per share. To satisfy tax withholding obligations upon these vestings, the company withheld 5,346 shares of Class A common stock at prices of about $48.56–$48.60 per share instead of any open‑market sale.
Following these transactions, Bender directly holds 99,241 shares of Class A common stock and 121,894 restricted stock units, each RSU representing a contingent right to receive one share of Class A common stock upon vesting.
Cactus, Inc. director Alan Semple reported routine equity compensation activity. On March 10, 2026, he was granted 2,559 restricted stock units (RSUs), which vest on the first anniversary of the grant. On the same date, 2,524 RSUs granted on March 10, 2025 vested and were converted into an equal number of Class A common shares at no cash cost. Following these transactions, he directly holds 39,650 shares of Class A common stock and 5,083 RSUs representing future share delivery, assuming vesting conditions are met.
Cactus, Inc. EVP and CFO Jay A. Nutt received a grant of 14,290 restricted stock units on March 10, 2026, vesting in three equal annual installments. He also exercised 2,685 previously granted RSUs into Class A common stock, with 869 shares withheld at $48.60 per share to cover tax obligations. Following these routine compensation-related transactions, he directly holds 4,042 shares of Class A common stock and 45,209 RSUs representing a contingent right to receive the same number of shares upon future vesting.
Cactus, Inc. president Joel Bender reported compensation-related equity transactions, mainly receiving and vesting restricted stock units (RSUs). On March 10, 2026, he was granted 27,218 RSUs, each representing a contingent right to one share of Class A common stock that vests in three equal annual installments.
On March 10 and 11, he exercised a total of 22,634 RSUs into the same number of Class A shares at a $0.00 exercise price. To cover tax obligations on vesting, the company withheld 8,908 shares of Class A common stock at prices of $48.60 and $48.56 per share, which are not open-market sales. After these transactions, Bender directly holds 41,519 Class A shares and 48,926 RSUs for potential future settlement.
Cactus, Inc. director Michael Y. McGovern reported compensation-related equity activity. On March 10, 2026, he was granted 2,559 restricted stock units (RSUs), each representing a contingent right to receive one share of Class A common stock, vesting on the first anniversary of the grant date.
The filing also shows the vesting and exercise of 2,524 RSUs that were originally granted on March 10, 2025, resulting in the acquisition of 2,524 shares of Class A common stock at a price of $0.00 per share. Following these transactions, McGovern directly holds 27,990 shares of Class A common stock and 5,083 RSUs.
Cactus, Inc. director John A. O’Donnell reported equity compensation activity. On March 10, 2026, he received 2,559 restricted stock units (RSUs), which vest on the first anniversary of the grant date.
RSUs granted on March 10, 2025 totaling 2,524 units vested and were converted into the same number of Class A common shares. Following these transactions, he holds 27,990 shares of Class A common stock directly and 5,083 RSUs representing additional contingent rights to shares.
Cactus, Inc. director Gary L. Rosenthal reported equity compensation and a routine option-style exercise. He received a grant of 2,559 restricted stock units on Class A common stock on March 10, 2026, which vest on the first anniversary of the grant date. On the same date, 2,524 restricted stock units granted on March 10, 2025 vested and were exercised into 2,524 shares of Class A common stock. Following these transactions, he holds 15,823 shares of Class A common stock and 5,083 restricted stock units directly.
Cactus, Inc. Chairman and CEO Scott Bender reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding in Class A common stock.
On March 10, 2026, he was granted 34,023 RSUs, each representing a contingent right to one share of Class A common stock, vesting in three equal annual installments. On March 10 and March 11, previously granted RSUs vested and were converted into a total of 22,634 shares of Class A common stock through option-code M transactions.
To satisfy tax obligations on these vestings, the company withheld a total of 8,908 shares of Class A common stock, valued at around $48.56–$48.60 per share, via F-code transactions. After these transactions, Bender directly holds 120,527 shares of Class A common stock and 36,057 RSUs, reflecting ongoing compensation rather than open-market buying or selling.