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 April 1, 2024, Joel Bender, a director, 10% owner, and President of Cactus, Inc., reported 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 other members.
• Cactus Enterprises distributed Class B Common Stock and Units to these members, but Bender did not participate in these redemptions and received no shares or units.
• Bender's indirect beneficial ownership through his interest in Cactus Enterprises remains at 12,392,303 shares.
• He disclaims beneficial ownership of any securities he does not directly own, except for his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions described do not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates