Cactus holder distributes 200K equity interests
Cactus WH Enterprises, LLC restructured its holdings in Cactus, Inc. on September 1, 2026 via member distributions, while retaining over 9.1 million Units and Class B shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Cactus, Inc. (WHD) reported that major holder Cactus WH Enterprises, LLC recorded internal restructuring transactions on September 1, 2026. The reporting entity disposed of 100,000 Units of Cactus Companies, LLC (each Unit economically paired with one share of Class A Common Stock) and 100,000 shares of Class B Common Stock through distributions to certain of its members in connection with redemptions of their ownership interests. Following these dispositions, the reporting entity held 9,161,249 Units and 9,161,249 shares of Class B Common Stock, and no Rule 10b5-1 trading plan is reported.
Insider Trade Summary
Other: 200,000 shares
Other
2 txns
Insider
Cactus WH Enterprises, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Units F2, F3, F4 | 100,000 | -- | -- |
| Other | Class B Common Stock F1 | 100,000 | -- | -- |
Holdings After Transaction:
Units — 9,161,249 contracts (Direct);
Class B Common Stock — 9,161,249 shares (Direct)
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.
Key Figures
Units disposed: 100,000 Units
Class B Common Stock disposed: 100,000 shares
Units held after transaction: 9,161,249 Units
+3 more
6 metrics
Units disposed
100,000 Units
Units of Cactus Companies, LLC distributed on September 1, 2026
Class B Common Stock disposed
100,000 shares
Class B Common Stock distributed on September 1, 2026
Units held after transaction
9,161,249 Units
Direct holdings of Units by Cactus WH Enterprises, LLC after September 1, 2026
Class B Common Stock held after transaction
9,161,249 shares
Direct holdings of Class B Common Stock after the reported dispositions
Total restructuring shares
200,000 equity interests
Aggregate Units and Class B Common Stock involved in code J restructuring
Redemption ratio
1 share of Class A Common Stock per Unit
Redemption right under Cactus Companies’ amended and restated operating agreement
Key Terms
Units, Class B Common Stock, amended and restated limited liability company operating agreement, redemptions of ownership interests, +1 more
5 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.
Class B Common Stock financial
"distributed Class B Common Stock to such members"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
amended and restated limited liability company operating agreement regulatory
"pursuant to the amended and restated limited liability company operating agreement"
redemptions of ownership interests financial
"In connection with certain redemptions of ownership interests"
Cactus Companies, LLC financial
"Units mean ownership interests in Cactus Companies, LLC"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Cactus WH Enterprises, LLC report in this Form 4 for WHD?
The reporting entity recorded two code J dispositions on September 1, 2026: a distribution of 100,000 Units of Cactus Companies, LLC and a distribution of 100,000 shares of Class B Common Stock to certain of its members as part of ownership redemptions.
Were the WHD transactions part of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no footnote stating that the September 1, 2026 restructuring transactions were executed under a Rule 10b5-1 or other pre-arranged trading plan.
What do the reported WHD Units represent for Cactus WH Enterprises, LLC?
Footnotes state that “Units” are ownership interests in Cactus Companies, LLC. Under its amended and restated operating agreement, Unit holders may require Cactus Companies to acquire their Units for either Class A Common Stock (one share per Unit), subject to adjustments, or an equivalent amount of cash, at Cactus Companies’ election.
AI-generated analysis. How Rhea-AI works. Not financial advice.
