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

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

Summary

• On April 3, 2025, Joel Bender, a director, 10% owner, and President of Cactus Inc., reported changes in his beneficial ownership.
• These changes are related to 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 includes 10,092,246 shares of Class B Common Stock and 10,092,246 Units, held directly by Cactus Enterprises.
• Bender disclaims direct ownership of these securities, except for his indirect pecuniary interest through his ownership in Cactus Enterprises.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Key Dates

Keywords

Beneficial Ownership, Form 4, Cactus Inc., Joel Bender, Securities, Redemption, Class B Common Stock, Units