Cactus WH Enterprises reallocates WHD units and shares
Cactus WH Enterprises, LLC, a major owner of Cactus, Inc., reported an internal reallocation of its holdings rather than a market trade.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Units | 200,000 | $0.00 | $0.00 |
| Other | Class B Common Stock | 200,000 | $0.00 | $0.00 |
Footnotes (4)
- F1. 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.
- F2. "Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.
- F3. 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.
- F4. 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.
FAQ
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What insider transaction did Cactus WH Enterprises, LLC report for WHD?
Did Cactus WH Enterprises, LLC buy or sell WHD stock in the open market?
What are the “Units” referenced in the Cactus, Inc. (WHD) Form 4 filing?
What rights do holders of Units in Cactus Companies, LLC have?
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