Cactus, Inc. (NYSE: WHD) CEO redeems 100,000 units and sells stock
Rhea-AI Filing Summary
Cactus, Inc. Chairman and CEO Scott Bender reported several related entity-level restructurings and a smaller stock sale on July 27, 2026. In connection with redemptions of ownership interests in Cactus WH Enterprises, LLC and Cactus Companies, LLC, Bender Investment Company and Cactus Enterprises moved 100,000 Units, a corresponding 100,000 shares of Class B Common Stock, and ultimately redeemed those Units and Class B shares for 100,000 shares of Class A Common Stock, while the issuer cancelled the corresponding Class B shares.
Separately, Bender Investment Company, an entity in which Bender has an interest, sold 13,300 shares of Class A Common Stock at $55.0670 per share in an open-market or private transaction. After these transactions, Bender is deemed to beneficially own 9,386,249 shares of Class B Common Stock and 9,386,249 Units held by Cactus Enterprises, reflecting an indirect pecuniary interest; he disclaims beneficial ownership beyond that indirect interest.
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Insights
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Insider Trade Summary
Net Seller: 13,300 shares
Net Sell
8 txns
Insider
Bender Scott
Role
Chairman and CEO
Sold
13,300 shs ($732K)
| 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 | 13,300 | $55.067 | $732K |
Holdings After Transaction:
Units — 9,386,249 shares (Indirect, See Footnote);
Class B Common Stock — 9,386,249 shares (Indirect, See Footnote);
Class A Common Stock — 207,227 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 9,386,249 shares of Class B Common Stock and 9,386,249 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 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.
- 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 July 27, 2026.
Key Figures
Class A shares sold: 13,300 shares
Sale price per share: $55.0670
Units redeemed for Class A: 100,000 Units
+4 more
7 metrics
Class A shares sold
13,300 shares
Class A Common Stock sold by Bender Investment Company on July 27, 2026
Sale price per share
$55.0670
Per-share price for 13,300 Class A shares sold in open-market or private transaction
Units redeemed for Class A
100,000 Units
Units and corresponding Class B shares redeemed for Class A Common Stock on July 27, 2026
Class A shares acquired via redemption
100,000 shares
Class A Common Stock acquired by Bender Investment Company in connection with Unit redemption
Beneficial Class B ownership
9,386,249 shares
Class B Common Stock deemed beneficially owned after transactions through Cactus WH Enterprises, LLC
Beneficial Units ownership
9,386,249 Units
Units of Cactus Companies, LLC deemed beneficially owned after transactions through Cactus WH Enterprises, LLC
Securities in restructuring
400,000
Aggregate securities involved in restructuring-type transactions reported as J-code in the filing
Key Terms
Units, Redemption Right, Call Right, indirect pecuniary interest, +2 more
6 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.
Redemption Right financial
"provides the holders of Units with certain rights to cause Cactus Companies"
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
"the Reporting Person may be deemed to have an indirect pecuniary interest"
Rule 16a-1 regulatory
"By reason of the provisions of Rule 16a-1 of the Securities Exchange Act"
amended and restated limited liability company operating agreement regulatory
"The amended and restated limited liability company operating agreement of Cactus Companies"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Scott Bender report for Cactus, Inc. (WHD)?
Scott Bender reported restructuring-related movements of Units and Class B shares into 100,000 Class A shares through affiliated entities, plus a separate sale of 13,300 Class A shares. Much of the activity reflects internal redemptions and cancellations within the Cactus ownership structure.
What redemptions or exchanges of units occurred in the Cactus (WHD) filing?
Affiliated entities redeemed 100,000 Units and a corresponding 100,000 Class B shares, which were exchanged for 100,000 Class A shares. The issuer cancelled the related Class B shares, and these transactions follow rights in Cactus Companies’ amended and restated limited liability company operating agreement.
What is Scott Bender’s reported beneficial ownership after these Cactus (WHD) transactions?
Following the reported transactions, Scott Bender is deemed to beneficially own 9,386,249 shares of Class B Common Stock and 9,386,249 Units held by Cactus WH Enterprises, LLC. He reports an indirect pecuniary interest and disclaims beneficial ownership beyond that indirect interest in those securities.
Which entities besides Scott Bender are involved in the Cactus (WHD) Form 4 transactions?
The transactions involve Cactus WH Enterprises, LLC, Cactus Companies, LLC, and Bender Investment Company, a Nevada corporation controlled by Bender. These entities hold the Units and shares directly, while Bender reports an indirect pecuniary interest under Rule 16a-1 of the Exchange Act.