Form 4: Cactus WH Enterprises, LLC Reports Changes in Beneficial Ownership of Cactus, Inc. Stock

Cactus WH Enterprises, LLC reported the distribution of Class B Common Stock and Units following redemptions of ownership interests.

Summary

• Cactus WH Enterprises, LLC, a significant shareholder of Cactus, Inc., filed a Form 4 detailing changes in their beneficial ownership.
• On November 18, 2024, the entity distributed 159,467 shares of Class B Common Stock and 159,467 Units.
• Following this transaction, the entity held 10,201,274 shares of Class B Common Stock.
• On November 20, 2024, the entity distributed an additional 40,915 shares of Class B Common Stock and 40,915 Units.
• After the second transaction, the entity's holdings decreased to 10,160,359 shares of Class B Common Stock.
• These distributions were related to redemptions of ownership interests by certain members of Cactus WH Enterprises, LLC.

Sentiment

Score: 5

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

Management Comments

• Scott Bender, President of Cactus WH Enterprises, LLC, signed the report on November 20, 2024.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership, which is common for entities holding significant stakes in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The transactions described are typical for private equity or LLC structures where ownership interests are redeemed and converted to public stock.

Stakeholder Impact

• The transactions may have a minor impact on the overall share structure of Cactus, Inc., but are not expected to significantly affect other stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class B Common Stock, Cactus, Inc., Cactus WH Enterprises, LLC, Units, Redemption