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

Director Joel Bender reports adjustments in Class B Common Stock and Units holdings due to redemptions by other members of Cactus WH Enterprises, LLC and Cactus Companies, LLC; no shares or units were distributed to the reporting person.

Summary

• On August 16, 2024, Joel Bender, a director, 10% owner, and President of Cactus, Inc., filed a Form 4 to report changes in beneficial ownership.
• The filing relates to distributions of Class B Common Stock and Units by Cactus WH Enterprises, LLC ('Cactus Enterprises') and Cactus Companies, LLC to certain of their members due to 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 the reported transactions, Bender indirectly owns 11,512,438 shares of Class B Common Stock through Cactus Enterprises.
• Bender also indirectly owns 11,512,438 Units through 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 neutral regulatory filing with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in ownership structure and is common for publicly traded companies with complex ownership arrangements.

Stakeholder Impact

• The changes in ownership structure may be of interest to shareholders, but the direct impact is likely minimal as the reporting person did not participate in the redemptions.

Key Dates