Form 4: Cactus WH Enterprises, LLC Reports Distribution of Class B Common Stock and Units

Cactus WH Enterprises, LLC reports the distribution of Class B Common Stock and Units to its members following redemptions of ownership interests.

Summary

• Cactus WH Enterprises, LLC filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions from May 16, 2024, to May 20, 2024.
• The transactions involve the distribution of Class B Common Stock and Units to members of the Reporting Entity due to redemptions of ownership interests.
• On May 16, 2024, 104,962 shares of Class B Common Stock were distributed, resulting in a remaining balance of 11,676,482 shares.
• On May 17, 2024, 12,249 shares of Class B Common Stock were distributed, resulting in a remaining balance of 11,664,233 shares.
• On May 20, 2024, 49,560 shares of Class B Common Stock were distributed, resulting in a remaining balance of 11,614,673 shares.
• The distributions are connected to redemptions of ownership interests in the Reporting Entity by its members, according to the amended and restated limited liability company operating agreement.
• Units, representing ownership interests in Cactus Companies, LLC, were also distributed.
• The Issuer, Cactus, Inc., is the sole managing member of Cactus Companies.
• Holders of Units have rights to cause Cactus Companies to acquire their Units for Class A Common Stock or an equivalent amount of cash.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions related to internal ownership structure. It doesn't convey any particularly positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the ongoing process of unit redemptions and potential future distributions of Class A Common Stock or cash.

Industry Context

This filing reflects internal transactions related to ownership structure and member redemptions within Cactus, Inc. and its related entities. It's a routine part of managing equity and ownership within the company.

Stakeholder Impact

• The transactions may affect the ownership percentages of existing shareholders.
• The distributions to members of Cactus WH Enterprises, LLC could impact their individual investment portfolios.

Key Dates