Welcome to our dedicated page for Cactus SEC filings (Ticker: WHD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Cactus, Inc. (NYSE: WHD) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed insight into Cactus’ operations in pressure control equipment, spoolable pipe technologies and its surface pressure control joint venture.
Investors can review Form 8-K filings that report material events such as quarterly earnings releases, amendments to credit facilities and significant acquisitions. For example, Cactus has filed 8-Ks describing its agreement to acquire, and subsequent closing of, a 65% interest in Baker Hughes’ Surface Pressure Control business, as well as the related joint venture agreement. Other 8-Ks outline changes to the company’s asset-based lending credit facility, including the addition of a delayed draw term loan facility and revised leverage requirements.
Cactus’ filings also cover topics such as investor presentation materials, compensation arrangements for key executives and governance of the joint venture formed with Baker Hughes. Together with annual and quarterly reports (Forms 10-K and 10-Q, when available), these documents explain segment performance, capital structure, liquidity, and risk factors relevant to the Pressure Control and Spoolable Technologies segments and the SPC business.
On Stock Titan, AI-powered tools summarize complex filings so readers can quickly understand the significance of items like credit facility amendments, joint venture terms and executive compensation awards. Real-time updates from EDGAR help users track new WHD filings as they appear, while access to insider-related forms such as Form 4, when filed, can shed light on equity awards and other transactions involving company insiders.
Cactus, Inc. Chairman and CEO Scott Bender reported equity compensation-related share movements. He acquired 45,826 shares of Class A common stock at no cost as shares earned from performance share units granted in 2023 for the three-year period ending December 31, 2025, as approved by the Compensation Committee. In a separate transaction on the same date, 18,033 shares of Class A common stock at $51.56 per share were disposed of to cover tax withholding obligations upon the vesting of previously granted restricted stock units. Following these transactions, he directly owned 106,801 shares of Class A common stock.
Cactus, Inc. General Counsel, EVP and Secretary William D. Marsh reported equity compensation activity in Class A Common Stock. He received a grant of 18,330 shares at no cost, representing shares earned from performance share units granted in 2023 for a three-year period ending December 31, 2025.
The company withheld 7,213 shares at a price of $51.56 per share to cover tax withholding obligations upon the vesting of previously granted restricted stock units. After these transactions, Marsh directly owned 22,205 shares of Class A Common Stock.
Cactus, Inc. president Joel Bender reported equity compensation and related tax withholding in Class A common stock. He acquired 45,826 shares as shares earned for performance share units granted in 2023 for the three-year period ending December 31, 2025, following approval by the Compensation Committee based on audited 2025 financial statements. On the same date, 18,033 shares were disposed of to the company at $51.56 per share to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units, leaving him with 27,793 directly owned shares.
Cactus, Inc. Chief Operating Officer Steven Bender reported equity compensation activity in Class A Common Stock. He acquired 27,496 shares on a grant/award basis at no cost, earned from performance share units granted in 2023 for a three-year period ending December 31, 2025. On the same date, 10,820 shares at $51.56 per share were disposed of to cover tax withholding obligations upon vesting of previously granted restricted stock units, leaving him with 91,006 directly owned shares.
Cactus, Inc. is an oilfield services company focused on designing, manufacturing, selling and renting pressure control equipment and spoolable pipe for onshore unconventional oil and gas wells. It operates through two segments: Pressure Control (wellheads, frac trees and related services) and Spoolable Technologies (FlexSteel-branded pipe and fittings).
The company has expanded through acquisitions and partnerships. It bought the FlexSteel business in 2023 for $658.6 million, strengthening its spoolable pipe offering. On January 1, 2026, it acquired 65% of Baker Hughes Pressure Control LLC for $344.5 million, creating an international joint venture that adds former Baker Hughes surface pressure control operations, with put/call rights on the remaining stake based on a multiple of trailing Adjusted EBITDA.
Revenue is primarily product-based: in 2025, 76% of total revenues came from product sales, 8% from rentals and 16% from field service and other. Results are cyclical and closely tied to oil and gas activity, particularly U.S. drilling and completions, and increasingly international markets such as the Middle East.
Cactus highlights extensive environmental, health and safety, and regulatory risks, including hydraulic fracturing scrutiny, climate-related rules and global trade disruptions. The structure includes Class A and Class B shares and a tax receivable agreement; as of year-end 2025 Cactus Inc. owned 86.3% of Cactus Companies, with Cactus WH Enterprises holding 12.1% of voting power.
Cactus, Inc. reported fourth quarter 2025 revenue of $261.2 million with operating income of $59.9 million and net income of $48.3 million, or $0.57 diluted earnings per Class A share. Adjusted EBITDA was $85.5 million, yielding a 32.7% margin.
For full year 2025, revenue was $1,079.1 million and net income was $201.6 million, with adjusted net income of $215.7 million and adjusted EBITDA of $353.0 million. The company ended December 31, 2025 with $494.6 million in cash and cash equivalents, including $371.0 million of restricted cash, and no bank debt outstanding.
On January 1, 2026, Cactus closed its previously announced acquisition of a majority interest in Baker Hughes' Surface Pressure Control business, to be reported within the Pressure Control segment. The board approved a quarterly dividend of $0.14 per Class A share, and director Melissa Law informed the company she will not stand for re-election at the 2026 annual meeting.
Cactus WH Enterprises, LLC and related individuals report significant ownership in Cactus, Inc. The group reports beneficial ownership tied to 9,686,249 shares of Class B common stock and 9,686,249 CC Units that are exchangeable one-for-one into Class A common stock.
Cactus WH Enterprises reports beneficial ownership of 9,686,249 shares, or 12.1% of Cactus Class A common stock on an as-exchanged basis. Scott Bender reports 9,765,257 shares, or 12.2%, and Joel Bender reports 9,879,915 shares, or 12.4%. Percentages are based on 68,899,841 Class A shares outstanding and 10,958,435 Class A shares issuable upon exchange as of February 13, 2026.
The filing is a joint Schedule 13G/A amendment by Cactus WH Enterprises, Scott Bender and Joel Bender, who together are identified as a group. Each expressly disclaims beneficial ownership beyond what is attributed under SEC rules.
Wellington Management Group and affiliated entities filed a Schedule 13G reporting beneficial ownership of 3,963,961 shares of Cactus, Inc. common stock, representing about 5.76% of the outstanding class as of the event date.
The shares are held in client accounts managed by various Wellington investment advisers, which share voting and dispositive power. Wellington certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Cactus.
Cactus, Inc. insider Joel Bender, who is a director, President and a 10% owner, reported several internal transfers of Class A common stock on 12/10/2025. A total of 96,833 shares previously reported as directly owned were transferred at a reported price of $0 per share and are no longer shown as directly held.
On the same date, 96,833 shares were recorded as indirectly owned through a grantor retained annuity trust for his spouse, with Bender reporting indirect beneficial ownership and disclaiming it except for any pecuniary interest. Another 96,833 shares were contributed to a separate grantor retained annuity trust of which Bender is trustee and annuitant, and are now reported as indirectly owned. The filing describes these steps as implementing a transmutation agreement that reclassified community property shares as separate property for Bender and his spouse.
Cactus, Inc. reported equity awards to its Executive Vice President and Chief Financial Officer on a beneficial ownership filing. On January 1, 2026, the officer received two grants of restricted stock units (RSUs) that each convert into shares of Class A common stock upon vesting. One grant covers 8,741 RSUs, vesting in three equal annual installments starting on the first anniversary of the grant date. The second grant covers 10,926 RSUs, vesting in two equal annual installments beginning on the first anniversary of the grant date. Each vested RSU delivers one share of Class A common stock at an exercise price of $0.