SCHEDULE 13G/A: Cactus, Inc. Reports Significant Beneficial Ownership by Bender Family and Cactus WH Enterprises

An amended Schedule 13G filing reveals that Cactus WH Enterprises, LLC, Scott Bender, and Joel Bender collectively hold significant beneficial ownership in Cactus, Inc.'s Class A common stock.

Summary

• Cactus WH Enterprises, LLC, Scott Bender, and Joel Bender have jointly filed an Amendment No. 6 to Schedule 13G regarding their beneficial ownership in Cactus, Inc.
• Cactus WH Enterprises, LLC beneficially owns 10,160,359 shares of Class A common stock, representing 12.8% of the class.
• Scott Bender beneficially owns an aggregate of 10,202,135 shares of Class A common stock, also representing 12.8% of the class, which includes shares held by Cactus WH Enterprises, LLC.
• Joel Bender beneficially owns an aggregate of 10,316,945 shares of Class A common stock, representing 13.0% of the class, which includes shares held by Cactus WH Enterprises, LLC.
• The beneficial ownership includes 10,160,359 shares of Class B common stock and an equal number of CC Units in Cactus Companies, LLC, which are exchangeable for Class A common stock on a one-for-one basis.
• The percentages are calculated based on 68,151,542 shares of Class A Common Stock outstanding as of February 12, 2025, and an additional 11,432,545 shares of Class A Common Stock issuable upon the exchange of outstanding Class B Common Stock and CC Units on that date.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would significantly alter sentiment positively or negatively. It is a routine regulatory filing.

Positives

• The filing clarifies the significant beneficial ownership structure, providing transparency to investors.
• Continued substantial ownership by key individuals (Scott and Joel Bender) and their controlled entity (Cactus WH Enterprises) may signal alignment of interests with long-term company performance.

Future Outlook

This document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of significant beneficial ownership, common across all publicly traded industries, and does not provide specific insights into broader industry trends or competitive landscape for Cactus, Inc.

Related Party Transactions

• Scott Bender and Joel Bender control Cactus WH Enterprises, LLC, which directly holds 10,160,359 shares of Class B common stock and 10,160,359 CC Units in Cactus Companies, LLC, exchangeable for Class A common stock on a one-for-one basis. This establishes a significant related-party ownership and control structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant beneficial ownership and control held by Cactus WH Enterprises, LLC, Scott Bender, and Joel Bender, which can influence corporate governance and strategic decisions.

Key Dates

Keywords

Cactus Inc., Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, CC Units, Cactus WH Enterprises, Scott Bender, Joel Bender, SEC Filing, Ownership Disclosure