Form 4: Cactus Inc. Director Joel Bender Reports Changes in Beneficial Ownership
SEC Form 4 Filing
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 May 16, 2025, and May 19, 2025, Joel Bender, a director, 10% owner, and President of Cactus, Inc., reported changes in his beneficial ownership of the company's securities.
- These changes are due to distributions of Class B Common Stock and Units by Cactus WH Enterprises, LLC ('Cactus Enterprises') to its members as part of certain redemption transactions.
- Bender did not participate in these redemptions, and no shares or units were directly distributed to him or entities he controls.
- Following the transactions on May 16, 2025, Bender's indirect beneficial ownership includes 9,994,128 shares of Class B Common Stock and 9,994,128 Units.
- After the transactions on May 19, 2025, Bender's indirect beneficial ownership includes 9,987,309 shares of Class B Common Stock and 9,987,309 Units.
- The reported securities are directly owned by Cactus Enterprises, and Bender may be deemed to have an indirect pecuniary interest through his ownership in Cactus Enterprises.
- Bender 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 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, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company.
- The changes in beneficial ownership do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Distribution of Class B Common Stock and Units by Cactus Enterprises to its members. |
| 05/19/2025 | Distribution of Class B Common Stock and Units by Cactus Enterprises to its members. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Cactus Inc., Joel Bender, Class B Common Stock, Units, redemption, Cactus Enterprises, director, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.