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

Joel Bender, a director, 10% owner, and President of Cactus, Inc., reports changes in beneficial ownership of Class B Common Stock and Units due to redemptions by other members of Cactus WH Enterprises, LLC.

Summary

• On April 5, 2024, Joel Bender, a director, 10% owner, and President of Cactus, Inc., filed a Form 4 to report changes in his beneficial ownership.
• The 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 the redemptions and received no shares or units.
• Following the transaction, Bender directly owns 0 shares of Class B Common Stock and indirectly owns 12,381,444 shares through Cactus Enterprises.
• Bender also indirectly owns 12,381,444 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. It reports changes in ownership but doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to changes in ownership structure within Cactus, Inc., and its related entities. It doesn't necessarily reflect broader industry trends but provides transparency into the holdings of key insiders.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, but the transactions described are internal and do not directly impact the company's operations or financial condition.

Key Dates