Form 4: Cactus Inc. Director Joel Bender Reports Changes in Beneficial Ownership

Director Joel Bender reports changes in beneficial ownership of Cactus, Inc. securities due to redemptions by other members of Cactus WH Enterprises, LLC.

Summary

• On August 19, 2024, Joel Bender, a director, 10% owner, and President of Cactus, Inc., filed a Form 4 to report 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 certain of its members.
• As a result of these redemptions, Cactus Enterprises distributed Class B Common Stock and Units to those 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 indirectly held beneficial ownership includes 11,460,741 shares of Class B Common Stock and 11,460,741 Units 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.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the changes reported are related to internal corporate actions rather than direct trading activity by the reporting person. Therefore, the sentiment is neutral.

Key Dates