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 his beneficial ownership of Class B Common Stock and Units due to redemptions by other members of Cactus WH Enterprises, LLC.

Summary

• On April 1, 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') by other members.
• Cactus Enterprises distributed Class B Common Stock and Units to these 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 12,392,303 shares of Class B Common Stock and 12,392,303 Units held by Cactus Enterprises.
• Bender disclaims direct ownership of these securities, except for his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting changes in beneficial ownership. It doesn't inherently convey 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 restructuring rather than open market transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• It has minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates