Form 4: Cactus Inc. Chairman and CEO Scott Bender Reports Changes in Beneficial Ownership

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

Summary

• On August 19, 2024, Scott Bender, Chairman and CEO of Cactus Inc., reported changes in his beneficial ownership of the company's securities.
• These changes resulted from redemptions of ownership interests in Cactus WH Enterprises, LLC ('Cactus Enterprises') and Cactus Companies, LLC by other members.
• Cactus Enterprises distributed Class B Common Stock and Cactus Companies distributed Units to such members.
• Bender did not participate in these redemptions, and no shares or units were distributed to him or entities he controls.
• Following these transactions, Bender's indirect beneficial ownership includes 11,460,741 shares of Class B Common Stock and 11,460,741 Units, held through Cactus Enterprises.
• Bender disclaims beneficial ownership of any securities he does not directly own, except to the extent of his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.

Key Dates