Internal WHD unit and Class B share distributions at Cactus, Inc. (NYSE: WHD)

Rhea-AI Filing Summary

Cactus WH Enterprises, LLC, a major owner of Cactus, Inc., reported an internal reallocation of its holdings rather than a market trade. On the reported date, it moved 200,000 Units of Cactus Companies, LLC and 200,000 shares of Class B Common Stock to certain members in connection with redemptions of their ownership interests under its amended and restated LLC agreement. Both transactions were coded as “other acquisition or disposition” at a price of $0.00 per unit or share, and Cactus WH Enterprises, LLC reported 9,486,249 Units and 9,486,249 Class B shares owned directly after the changes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cactus WH Enterprises, LLC

(Last) (First) (Middle)

920 MEMORIAL CITY WAY, SUITE 300

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cactus, Inc. [ WHD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	03/02/2026		J(1)		200,000	D	(1)	9,486,249	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Units(2)	(3)	03/02/2026		J(4)			200,000	(3)	(4)	Class A Common Stock	200,000	(4)	9,486,249	D

Explanation of Responses:

1. In connection with certain redemptions of ownership interests in the Reporting Entity by certain of the Reporting Entity's members pursuant to the amended and restated limited liability company operating agreement of the Reporting Entity, the Reporting Entity distributed Class B Common Stock to such members.

2. "Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.

3. 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.

4. In connection with certain redemptions of ownership interests in the Reporting Entity by certain of the Reporting Entity's members pursuant to the amended and restated limited liability company agreement of the Reporting Entity, the Reporting Entity distributed Units to such members.

Remarks:

	/s/ Scott Bender, President	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Cactus WH Enterprises, LLC report for WHD?

Cactus WH Enterprises, LLC reported an internal reallocation involving 200,000 Units and 200,000 shares of Class B Common Stock. These securities were distributed to certain members in connection with redemptions of their ownership interests under the entity’s amended and restated LLC agreement.

Did Cactus WH Enterprises, LLC buy or sell WHD stock in the open market?

No open-market trades were reported. The filing shows “other acquisition or disposition” transactions at $0.00 per share, reflecting distributions of Units and Class B Common Stock to members related to ownership redemptions, rather than traditional market purchases or sales.

How many WHD-related Units and shares were affected in this Form 4?

The Form 4 shows 200,000 Units of Cactus Companies, LLC and 200,000 shares of Class B Common Stock affected. Both positions had a reported total of 9,486,249 securities remaining directly owned by Cactus WH Enterprises, LLC after these internal distributions.

Why were Units and Class B shares distributed by Cactus WH Enterprises, LLC?

Distributions occurred in connection with redemptions of ownership interests in the reporting entity by certain members, as provided under its amended and restated LLC agreement. Members received Units and Class B Common Stock as part of these redemption-related transactions.

What are the “Units” referenced in the Cactus, Inc. (WHD) Form 4 filing?

The filing explains that “Units” are ownership interests in Cactus Companies, LLC. Cactus, Inc. is the sole managing member of Cactus Companies, and holders of Units have certain rights to have their Units acquired for Class A Common Stock or an equivalent cash amount.

What rights do holders of Units in Cactus Companies, LLC have?

Holders of Units may cause Cactus Companies, LLC to acquire their Units for either shares of Class A Common Stock, at a one-for-one redemption ratio subject to adjustments, or an equivalent amount of cash, at Cactus Companies’ election, under its amended and restated operating agreement.