Form 4: Cactus Inc. Chairman and CEO Scott Bender Reports Significant Transactions in Class A and B Common Stock
SEC Form 4 Filing
Scott Bender, Chairman and CEO of Cactus Inc., reports a series of transactions involving Class A and B Common Stock, including acquisitions, disposals, and conversions related to ownership interests in Cactus WH Enterprises, LLC.
Summary
- Scott Bender, Chairman and CEO of Cactus Inc., filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve Class A and B Common Stock of Cactus Inc.
- Bender Investment Company (BIC), controlled by Bender, redeemed ownership interests in Cactus WH Enterprises, LLC.
- As part of the redemption, Cactus Enterprises distributed 1,000,000 Units and a corresponding number of Class B Common Stock shares to BIC.
- BIC disposed of 1,000,000 shares of Class B Common Stock, which were then cancelled by the Issuer.
- BIC acquired 1,000,000 shares of Class A Common Stock in connection with the redemption.
- Following these transactions, Bender is deemed to beneficially own 10,360,741 shares of Class B Common Stock and 10,360,741 Units owned by Cactus Enterprises.
- Bender directly owns 1,041,776 shares of Class A Common Stock.
- 1,000,000 shares of Class A Common Stock were sold at $65.35.
- Steven Bender received 100,000 Units and a corresponding number of shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing reflects insider transactions, which are closely monitored by investors for insights into management's perspective on the company's value and future prospects. Significant transactions by key personnel like the CEO can influence market sentiment.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price.
- The transactions reflect changes in the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of earliest transaction: distribution of Class B Common Stock, acquisition of Class A Common Stock, disposal of Class B Common Stock, and derivative security transactions. |
| 11/08/2024 | Date of signature by Attorney-in-Fact. |
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