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

Director Joel Bender reports adjustments in his indirect beneficial ownership of Cactus, Inc. Class B Common Stock and related Units due to redemptions by other members of Cactus WH Enterprises, LLC.

Summary

• On May 16, 2024, May 17, 2024, and May 20, 2024, Joel Bender, a director, 10% owner, and President of Cactus, Inc., reported changes in his beneficial ownership of Class B Common Stock.
• 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 those members, but Bender did not participate in these redemptions.
• Bender's indirect beneficial ownership decreased due to these transactions, with Class B Common Stock holdings changing from 11,676,482 to 11,614,673 and corresponding changes in Units.
• Bender disclaims beneficial ownership of securities not directly owned, except for his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 redemptions within Cactus WH Enterprises, LLC, which ultimately affect the beneficial ownership of a key executive.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the holdings of key company insiders.
• However, the transactions described are related to internal redemptions and are not expected to have a significant impact on the company's operations or financial performance.

Key Dates