Form 4: Cactus Inc. Executive Joel Bender Reports Indirect Ownership Changes Following Member Redemptions

Joel Bender, a director and officer at Cactus Inc., reported changes in his indirect beneficial ownership of Class B Common Stock and Units due to member redemptions in Cactus WH Enterprises, LLC.

Summary

• Joel Bender, a director and officer of Cactus Inc., filed a Form 4 detailing changes in his indirect beneficial ownership.
• These changes resulted from redemptions of ownership interests in Cactus WH Enterprises, LLC by certain members.
• Bender did not participate in these redemptions, and no shares or units were directly distributed to him or entities he controls.
• The reported changes involve Class B Common Stock and Units, which are ownership interests in Cactus Companies, LLC.
• Bender's indirect ownership is through his interest in Cactus Enterprises, which directly holds the securities.
• The transactions occurred on November 18, 2024 and November 20, 2024.
• Following the transactions, Bender's indirect beneficial ownership is reported as 10,201,274 Class B Common Stock on November 18, 2024 and 10,160,359 Class B Common Stock on November 20, 2024.
• Similarly, his indirect beneficial ownership of Units is reported as 10,201,274 on November 18, 2024 and 10,160,359 on November 20, 2024.
• The Units can be redeemed for Class A Common Stock or cash at the election of Cactus Companies.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing ownership changes, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions and ownership changes. This filing is specific to Cactus Inc. and its internal structure.

Comparison to Industry Standards

• Form 4 filings are a common practice for publicly traded companies, and the information provided is consistent with standard reporting requirements.
• The transactions described are specific to Cactus Inc.'s ownership structure and are not directly comparable to other companies without similar structures.

Stakeholder Impact

• The changes in ownership are primarily relevant to the reporting person and do not have a direct impact on other stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Cactus Inc, Joel Bender, Class B Common Stock, Units, Cactus WH Enterprises, Redemption, Indirect Ownership