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

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

Summary

• On August 16, 2024, Scott Bender, Chairman and CEO of Cactus Inc., filed a Form 4 to report changes in his beneficial ownership of the company's securities.
• The changes resulted from redemptions of ownership interests in Cactus WH Enterprises, LLC ('Cactus Enterprises') by other members.
• Cactus Enterprises distributed Class B Common Stock and Units to those members.
• Bender did not participate in these redemptions, and no shares or units were distributed to him or entities he controls.
• Following the reported transactions, Bender beneficially owns 102,235 shares of Class B Common Stock directly and 11,512,438 shares indirectly through Cactus Enterprises.
• He also indirectly owns 11,512,438 Units through Cactus Enterprises.
• Bender disclaims beneficial ownership of securities he does not directly own, except for his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting changes in beneficial ownership. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in ownership due to internal transactions within Cactus WH Enterprises, LLC, rather than market activity.

Stakeholder Impact

• The changes in beneficial ownership reported in this filing are unlikely to have a significant impact on stakeholders, as they result from internal transactions rather than market activity.

Key Dates