Cactus Inc. insider restructures 50,000 units
Cactus, Inc. director and president Joel Bender reported an internal ownership restructuring involving entities holding the company’s equity.
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Form Type
4
Rhea-AI Filing Summary
Cactus, Inc. director and president Joel Bender reported an internal ownership restructuring involving entities holding the company’s equity. On 2026-08-06, 25,000 Units of Cactus Companies, LLC and 25,000 shares of Class B Common Stock were disposed of indirectly in connection with redemptions of ownership interests in Cactus WH Enterprises, LLC. After these transactions, he is deemed to beneficially own 9,261,249 shares of Class B Common Stock and an equal number of Units held by Cactus WH Enterprises, LLC, reflecting an indirect pecuniary interest that he partly disclaims.
Insider Trade Summary
Other: 50,000 shares
Other
2 txns
Insider
Bender Joel
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Units F4, F5, F1, F2, F3 | 25,000 | -- | -- |
| Other | Class B Common Stock F1, F2, F3 | 25,000 | -- | -- |
Holdings After Transaction:
Units — 9,261,249 contracts (Indirect, See Footnote);
Class B Common Stock — 9,261,249 shares (Indirect, See Footnote)
Footnotes (5)
- 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. Cactus Enterprises distributed to Steven Bender 25,000 Units and a corresponding number of shares of Class B Common Stock.
- F2. Following the transactions reported herein, the Reporting Person is deemed to beneficially own 9,261,249 shares of Class B Common Stock and 9,261,249 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. "Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.
- F5. 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.
Key Figures
Units disposed: 25,000 Units
Class B shares distributed: 25,000 shares of Class B Common Stock
Beneficial Class B holdings: 9,261,249 shares of Class B Common Stock
+2 more
5 metrics
Units disposed
25,000 Units
Indirect disposition on 2026-08-06 in connection with LLC redemptions
Class B shares distributed
25,000 shares of Class B Common Stock
Distributed by Cactus WH Enterprises, LLC to Steven Bender
Beneficial Class B holdings
9,261,249 shares of Class B Common Stock
Deemed beneficially owned by Joel Bender after the transactions
Beneficial Unit holdings
9,261,249 Units
Units of Cactus WH Enterprises, LLC deemed beneficially owned after transactions
Total restructuring size
50,000 units/shares affected
Aggregate of 25,000 Units and 25,000 Class B shares in code J transactions
Key Terms
Units, Class B Common Stock, indirect pecuniary interest, redemptions of ownership interests, +1 more
5 terms
Units financial
""Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies")."
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
"Cactus Enterprises 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.
indirect pecuniary interest financial
"the Reporting Person may be deemed to have an indirect pecuniary interest in the securities"
redemptions of ownership interests financial
"In connection with certain redemptions of ownership interests in Cactus WH Enterprises, LLC"
amended and restated limited liability company agreement regulatory
"pursuant to the amended and restated limited liability company agreement of Cactus Enterprises"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cactus, Inc. (WHD) report for Joel Bender?
Joel Bender reported an indirect disposition tied to an internal restructuring, involving 25,000 Units and 25,000 shares of Class B Common Stock on 2026-08-06, categorized as an "other acquisition or disposition" transaction (code J).
What exactly was transferred in the Cactus, Inc. (WHD) restructuring on 2026-08-06?
Cactus WH Enterprises, LLC distributed 25,000 Units of Cactus Companies, LLC and a corresponding 25,000 Class B shares to Steven Bender. This occurred in connection with certain redemptions of ownership interests under Cactus Enterprises’ amended and restated LLC agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
