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 due to distributions of Class B Common Stock and Units by Cactus WH Enterprises, LLC to other members, in which he did not participate.

Summary

• On May 16, 2024, May 17, 2024, and May 20, 2024, Cactus WH Enterprises, LLC distributed Class B Common Stock and Units to certain of its members.
• Scott Bender, Chairman and CEO of Cactus Inc., did not participate in these redemptions, and no shares or units were distributed to him or entities he controls.
• As a result of these transactions, the amount of Class B Common Stock indirectly beneficially owned by Bender decreased from 11,781,444 to 11,614,673.
• Similarly, the number of Units indirectly beneficially owned decreased from 11,781,444 to 11,614,673.
• Bender disclaims beneficial ownership of any securities he does not directly own, except to the extent of his indirect pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't contain overtly positive or negative information, but the fact that the CEO's ownership is decreasing slightly could be seen as mildly negative.

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.
• 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.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for corporate insiders.

Stakeholder Impact

• The changes in beneficial ownership may have a minor impact on shareholders, as it reflects a slight decrease in the CEO's indirect ownership.

Key Dates