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 redemptions of ownership interests in Cactus WH Enterprises, LLC by other members, with no direct participation or distribution to Bender.

Summary

• On April 3, 2025, 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 certain of its members.
• Cactus Enterprises distributed Class B Common Stock and Units to these members as part of the redemptions.
• Bender did not participate in these redemptions, and no shares of Class B Common Stock or Units were distributed to him or entities he controls.
• Following these transactions, Bender's directly owned Class B Common Stock remains at 8,183 shares.
• He indirectly owns 10,092,246 shares through his ownership interest in Cactus Enterprises.
• Bender disclaims beneficial ownership of any securities he does not directly own, except to the extent of his indirect pecuniary interest.
• The reported Units are ownership interests in Cactus Companies, LLC ('Cactus Companies'), where Cactus, Inc. is the sole managing member.
• Holders of Units have rights to cause Cactus Companies to acquire their Units for Class A Common Stock or an equivalent amount of cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting changes in ownership. It doesn't convey any particular 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 structure due to internal transactions within Cactus WH Enterprises, LLC, rather than external market activity.

Stakeholder Impact

• The changes in beneficial ownership may have a minor impact on shareholders, as it reflects internal transactions rather than external market activity.

Key Dates

Keywords

beneficial ownership, Form 4, Cactus, Inc., Scott Bender, redemption, Cactus WH Enterprises, Class B Common Stock, Units, Cactus Companies