Cactus, Inc. (WHD) COO Steven Bender redeems units, sells 25,000 shares
Rhea-AI Filing Summary
Cactus, Inc. (WHD) executive Steven Bender, COO, EVP and CEO-SpoolableTech, reported several related equity transactions. On August 6, 2026, he redeemed ownership interests in Cactus WH Enterprises, LLC, receiving 25,000 Class B Common Stock and 25,000 Units tied to Class A shares, then disposed of the same 25,000 Class B shares, which were cancelled, and acquired 25,000 Class A Common Stock through the Unit redemption on a one-for-one basis. On August 7, 2026, he sold 25,000 Class A Common Stock in an open-market or private transaction at $67.6489 per share. The Units were redeemed for Class A Common Stock on August 6, 2026, and the filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bender Steven
Role
COO, EVP and CEO-SpoolableTech
Sold
25,000 shs ($1.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 25,000 | $67.6489 | $1.69M |
| Grant/Award | Units F4, F5 | 0 | -- | -- |
| Other | Units F4, F5, F6 | 0 | -- | -- |
| Grant/Award | Class B Common Stock F1 | 25,000 | -- | -- |
| Disposition | Class B Common Stock F2 | 25,000 | -- | -- |
| Other | Class A Common Stock F3 | 25,000 | -- | -- |
Holdings After Transaction:
Units — 0 shares (Direct);
Class B Common Stock — 0 shares (Direct);
Class A Common Stock — 99,241 shares (Direct)
Footnotes (6)
- F1. The Reporting Person redeemed a portion of his ownership interests in Cactus WH Enterprises, LLC ("Cactus Enterprises") pursuant to the first amended and restated limited liability company agreement of Cactus Enterprises, in return for which Cactus Enterprises distributed to the Reporting Person, a corresponding number of shares of Class B Common Stock and a corresponding number of Units (as defined below).
- F2. In connection with the redemption of Units, as described below, the Reporting Person disposed of a corresponding number of shares of Class B Common Stock, which shares were cancelled by the Issuer.
- F3. In connection with the redemption of Units, as described below, the Reporting Person acquired a corresponding number of shares of Class A Common Stock.
- F4. "Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.
- F5. The amended and restated limited liability company operating agreement of Cactus Companies provides the holders of Units with certain rights to cause Cactus Companies to acquire all or at least a minimum portion of their Units for, at Cactus Companies election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.
- F6. The Units were redeemed for Class A Common Stock on August 6, 2026.
Key Figures
Shares sold: 25,000 shares
Sale price: $67.6489 per share
Units redeemed: 25,000 Units
+1 more
4 metrics
Shares sold
25,000 shares
Class A Common Stock sale by Steven Bender on August 7, 2026
Sale price
$67.6489 per share
Price for 25,000 Class A shares sold on August 7, 2026
Units redeemed
25,000 Units
Units redeemed for 25,000 Class A shares on August 6, 2026
Class B shares cancelled
25,000 shares
Class B Common Stock disposed and cancelled in connection with Unit redemption
Key Terms
Units, redemption ratio, limited liability company agreement, disposition to issuer
4 terms
Units financial
""Units" mean ownership interests in Cactus Companies, LLC"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
redemption ratio financial
"Class A Common Stock at a redemption ratio of one share for each Unit"
limited liability company agreement regulatory
"pursuant to the first amended and restated limited liability company agreement"
A limited liability company agreement is the legal contract that lays out who owns a limited liability company, how it is run, how profits and losses are shared, and the rules for major decisions, transfers and exits. For investors it functions like an operating manual or roadmap: it determines control rights, payout priority, dispute resolution and protections against personal liability, so it directly affects risk, governance and how and when investors can realize returns.
disposition to issuer financial
"the Reporting Person disposed of a corresponding number of shares of Class B Common Stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Cactus, Inc. (WHD) report for Steven Bender?
Steven Bender reported related equity restructuring and a sale. He redeemed interests into 25,000 Class A shares on August 6, 2026, then sold those 25,000 shares on August 7, 2026.
What was the purpose of the Class B Common Stock transactions at Cactus, Inc. (WHD)?
Bender received 25,000 Class B shares when redeeming interests in Cactus WH Enterprises, LLC, then disposed of the same 25,000 shares, which the issuer cancelled in connection with the Unit redemption.
Were Steven Bender’s Cactus, Inc. (WHD) transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan, indicating these transactions were not reported as made under a Rule 10b5-1 plan.