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

Scott Bender, Chairman and CEO of Cactus Inc., reports adjustments in 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 April 5, 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') and Cactus Companies, LLC by other members.
• Cactus Enterprises distributed Class B Common Stock and Cactus Companies distributed Units to such members, but Bender did not participate in these redemptions.
• Bender's reported beneficial ownership includes 12,381,444 shares of Class B Common Stock and 12,381,444 Units held directly by Cactus Enterprises.
• Bender disclaims beneficial ownership of any securities he does not directly own, except to the extent of his indirect pecuniary interest.
• The Units can be redeemed for Class A Common Stock or an equivalent amount of cash, at Cactus Companies' election.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting changes in beneficial ownership. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for executives and major shareholders of publicly traded companies. It doesn't necessarily indicate a change in the company's overall performance or strategy.

Key Dates