Entity tied to Cactus (WHD) president sells 136,037 shares

Rhea-AI Filing Summary

Cactus, Inc. reported that Bender Investment Company, an entity associated with president and director Joel Bender, sold a total of 136,037 shares of Class A Common Stock in open-market transactions at around $50 per share on March 6 and 10, 2026. Joel Bender retains 27,793 shares directly after these sales and disclaims beneficial ownership of the sold shares except to the extent of his pecuniary interest in Bender Investment Company.

Insider Trade Summary

Net Seller: 136,037 shares ($6,793,598)

Net Sell 2 txns

Insider Bender Joel

Role President

Sold 136,037 shs ($6.79M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	106,809	$49.92	$5.33M
Sale	Class A Common Stock	29,228	$50.01	$1.46M

Holdings After Transaction: Class A Common Stock — 27,793 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bender Joel

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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 A Common Stock	03/06/2026		S		29,228(1)	D	$50.01	134,602	D
Class A Common Stock	03/10/2026		S		106,809(1)	D	$49.92	27,793	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

Explanation of Responses:

1. The shares reported as sold represent the cumulative number of shares sold by Bender Investment Company. 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.

Remarks:

	/s/ Joel Bender, by William Marsh as Attorney-in-Fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Cactus, Inc. (WHD) disclose in this Form 4?

Cactus, Inc. disclosed that Bender Investment Company sold 136,037 shares of Class A Common Stock in open-market trades. These sales occurred at about $50 per share, reflecting a significant liquidity move by an entity associated with president Joel Bender.

Who is involved in the Cactus, Inc. (WHD) insider share sales?

The transactions involve Bender Investment Company, an entity in which president and director Joel Bender has an ownership interest. He disclaims beneficial ownership of the sold shares except for his pecuniary interest, meaning his economic exposure is limited to his share of that entity.

How many Cactus, Inc. (WHD) shares were sold and at what prices?

A total of 136,037 Class A Common Stock shares were sold. One block of 29,228 shares sold at $50.01 per share and another 106,809 shares at $49.92, indicating open-market sales executed near the $50 level.

Over what dates did the Cactus, Inc. (WHD) insider sales take place?

The reported sales occurred on March 6, 2026 and March 10, 2026. Both transactions were coded as open-market or private sales, showing a brief selling window during which Bender Investment Company reduced its holdings in Cactus, Inc.

How many Cactus, Inc. (WHD) shares does Joel Bender hold after these sales?

After the reported transactions, Joel Bender directly holds 27,793 shares of Class A Common Stock. This figure reflects his remaining direct ownership and does not include interests held indirectly through Bender Investment Company, where he only has a pecuniary stake.

Does Joel Bender fully own the Cactus, Inc. (WHD) shares sold in this filing?

No. The filing states the sold shares belong to Bender Investment Company. Joel Bender has an ownership interest in that entity but disclaims beneficial ownership of the shares beyond his pecuniary interest, limiting his direct claim on those specific securities.