Form 4: Cactus Inc. CEO Scott Bender Reports Indirect Ownership Changes Following Member Redemptions

Cactus Inc. CEO Scott Bender reports changes in his indirect beneficial ownership of Class B Common Stock and Units due to redemptions by other members of Cactus WH Enterprises, LLC.

Summary

• Scott Bender, CEO of Cactus Inc., reported changes in his indirect beneficial ownership of the company's securities.
• These changes occurred due to redemptions of ownership interests in Cactus WH Enterprises, LLC by other members.
• As a result of these redemptions, Cactus Enterprises distributed Class B Common Stock and Units to those members.
• Scott Bender did not participate in these redemptions and did not receive any shares or units directly.
• The reported securities are indirectly owned by Cactus Enterprises, and Bender's indirect pecuniary interest is through his ownership in Cactus Enterprises.
• The report includes transactions on November 18, 2024, and November 20, 2024, showing a decrease in the number of Class B Common Stock and Units indirectly beneficially owned by Bender.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing changes in beneficial ownership, which is neither positive nor negative in itself. It reflects internal transactions and does not indicate any significant shift in the company's performance or outlook.

Risks

• The document indicates a change in indirect ownership, which could be perceived as a risk if investors misinterpret the nature of the transactions.
• The complexity of the ownership structure involving Cactus Enterprises and Cactus Companies may create confusion for some investors.

Management Comments

• 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.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies. It does not indicate any specific industry trend but rather reflects internal transactions within Cactus Inc.'s ownership structure.

Comparison to Industry Standards

• The reporting of changes in beneficial ownership by company insiders is a standard practice across all publicly traded companies, as mandated by the SEC.
• Similar filings are regularly made by executives and major shareholders of companies like Schlumberger, Halliburton, and Baker Hughes, which are also in the oilfield services sector.
• The specific transactions in this filing are related to internal redemptions within Cactus's ownership structure, which is unique to the company's specific setup and not directly comparable to other companies' filings.

Stakeholder Impact

• The changes in indirect ownership may have a minor impact on shareholders' perception of the company's ownership structure.
• The transactions do not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cactus Inc, Scott Bender, beneficial ownership, Class B Common Stock, Units, redemption, Cactus WH Enterprises, indirect ownership, SEC Form 4