Cactus CEO logs 100K share sale, unit redemptions
Cactus, Inc. Chairman and CEO Scott Bender reported several related equity transactions on August 3, 2026 involving Units, Class B Common Stock, and Class A Common Stock linked to redemptions in Cactus WH Enterprises, LLC and Cactus Companies, LLC.
Rhea-AI Filing Summary
Cactus, Inc. Chairman and CEO Scott Bender reported several related equity transactions on August 3, 2026 involving Units, Class B Common Stock, and Class A Common Stock linked to redemptions in Cactus WH Enterprises, LLC and Cactus Companies, LLC.
After these transactions, he is deemed to beneficially own 9,286,249 shares of Class B Common Stock and 9,286,249 Units held by Cactus Enterprises. Bender Investment Company, an entity associated with him, acquired and redeemed Units and corresponding shares and sold 100,000 Class A shares at $63.888 per share under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 100,000 shares
Net Sell
8 txns
Insider
Bender Scott
Role
Chairman and CEO
Sold
100,000 shs ($6.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Units F7, F8, F1, F2, F3 | 100,000 | -- | -- |
| Grant/Award | Units F7, F8, F9, F1, F2, F3 | 100,000 | -- | -- |
| Other | Units F7, F8, F9, F4, F10, F2, F3 | 100,000 | -- | -- |
| Other | Class B Common Stock F1, F2, F3 | 100,000 | -- | -- |
| Grant/Award | Class B Common Stock F1, F2, F3 | 100,000 | -- | -- |
| Disposition | Class B Common Stock F4, F2, F3 | 100,000 | -- | -- |
| Other | Class A Common Stock F5 | 100,000 | -- | -- |
| Sale | Class A Common Stock F6 | 100,000 | $63.888 | $6.39M |
Holdings After Transaction:
Units — 9,286,249 contracts (Indirect, See Footnote);
Class B Common Stock — 9,386,249 shares (Indirect, See Footnote);
Class A Common Stock — 120,527 shares (Direct)
Footnotes (10)
- F1. In connection with certain redemptions of ownership interests in Cactus WH Enterprises, LLC ("Cactus Enterprises") by certain of Cactus Enterprises' members pursuant to the amended and restated limited liability company agreement of Cactus Enterprises, Cactus Enterprises distributed Class B Common Stock to such members. Bender Investment Company ("BIC"), a Nevada corporation controlled by the Reporting Person, redeemed a portion of its ownership interests in Cactus Enterprises. In connection with the redemption by BIC of its interests in Cactus Enterprises, Cactus Enterprises distributed to BIC, 100,000 Units (as defined below) and a corresponding number of shares of Class B Common Stock of the Issuer.
- F2. Following the transactions reported herein, the Reporting Person is deemed to beneficially own 9,286,249 shares of Class B Common Stock and 9,286,249 Units owned by Cactus Enterprises.
- F3. The securities reported herein are directly owned by Cactus Enterprises. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person may be deemed to have an indirect pecuniary interest in the securities held directly by Cactus Enterprises through his ownership interest in Cactus Enterprises. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by Cactus Enterprises is reported herein. The Reporting Person disclaims beneficial ownership of any securities that he does not directly own, except to the extent of his indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.
- F4. In connection with its redemption of Units, as described below, BIC disposed of a corresponding number of shares of Class B Common Stock, which shares were cancelled by the Issuer.
- F5. In connection with its redemption of Units, as described below, BIC acquired 100,000 shares of Class A Common Stock.
- F6. The shares reported herein as sold represent the aggregate number of shares sold by Bender Investment Company pursuant to a Rule 10b5-1 trading plan. The reporting person has an ownership interest in Bender Investment Company and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F7. "Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.
- F8. 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.
- F9. (Continued from footnote 7) Upon the exercise of the Redemption Right, the Issuer (instead of Cactus Companies) has the right (the "Call Right") to acquire each tendered Unit directly from the exchanging Unit holder for, at its 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. The Issuer did not exercise the Call Right in connection with the redemptions described in this Report.
- F10. The Units and a corresponding number of shares of Class B Common Stock were redeemed for Class A Common Stock on August 3, 2026.
Key Figures
Class A shares sold: 100,000 shares
Sale price per Class A share: $63.888 per share
Beneficial Class B holdings: 9,286,249 shares
+3 more
6 metrics
Class A shares sold
100,000 shares
Shares of Class A Common Stock sold on August 3, 2026 by Bender Investment Company
Sale price per Class A share
$63.888 per share
Price for 100,000 Class A shares sold in a sale in open market or private transaction
Beneficial Class B holdings
9,286,249 shares
Class B Common Stock Scott Bender is deemed to beneficially own after the transactions
Beneficial Unit holdings
9,286,249 Units
Units in Cactus Enterprises deemed beneficially owned by Scott Bender after the transactions
Class A shares acquired in redemption
100,000 shares
Class A Common Stock acquired in connection with the redemption of Units by Bender Investment Company
Restructuring-related transactions
400,000 shares
Aggregate shares involved in restructuring-type transactions coded as J/K/W/Z
Key Terms
Rule 10b5-1 trading plan, Redemption Right, Call Right, indirect pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"shares sold by Bender Investment Company pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Redemption Right financial
"provides the holders of Units with certain rights to cause Cactus Companies to acquire"
Call Right financial
"the Issuer has the right (the "Call Right") to acquire each tendered Unit"
A call right is a contractual ability, usually held by the issuer or seller, to buy back or retire a financial instrument (such as a bond or preferred share) before its scheduled end date. It matters to investors because an issuer’s decision to exercise that right can shorten expected income and force reinvestment—like a lender refinancing a mortgage—changing the security’s value and the investor’s future returns.
indirect pecuniary interest financial
"may be deemed to have an indirect pecuniary interest in the securities held directly"
limited liability company operating agreement regulatory
"The amended and restated limited liability company operating agreement of Cactus Companies"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WHD’s Scott Bender report on August 3, 2026?
Scott Bender reported multiple equity transactions on August 3, 2026, including Unit redemptions, exchanges between Class B and Class A shares, and the sale of 100,000 Class A shares. Several steps occurred through entities such as Cactus Enterprises and Bender Investment Company.
What WHD holdings is Scott Bender deemed to beneficially own after these transactions?
Following the reported transactions, Scott Bender is deemed to beneficially own 9,286,249 shares of Class B Common Stock and 9,286,249 Units held by Cactus WH Enterprises, LLC. These positions reflect his indirect pecuniary interest through Cactus Enterprises under Exchange Act Rule 16a-1.
What role did Unit redemptions play in WHD’s reported insider transactions?
The transactions include redemptions of Units in Cactus Companies, LLC. Each Unit can be exchanged for either one share of Class A Common Stock or cash. Related steps involved distributions of Units and Class B shares, cancellations of Class B shares, and acquisition of 100,000 Class A shares.
How are Cactus Enterprises and Bender Investment Company involved in WHD’s Form 4?
Cactus Enterprises directly holds Class B shares and Units in which Scott Bender has an indirect pecuniary interest. Bender Investment Company, controlled by him, redeemed interests, received Units and Class B shares, acquired 100,000 Class A shares, and sold 100,000 Class A shares under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
