Form 4: Cactus WH Enterprises Reports Ownership Change
Statement of Changes in Beneficial Ownership
Cactus WH Enterprises, a 10% owner and director of Cactus, Inc., reported a distribution of Class B Common Stock and Units to its members.
Summary
- Cactus WH Enterprises, LLC, a 10% owner and director of Cactus, Inc. (WHD), reported changes in its beneficial ownership.
- On August 18, 2025, Cactus WH Enterprises distributed 168,934 shares of Class B Common Stock to its members.
- This distribution was in connection with redemptions of ownership interests in Cactus WH Enterprises by its members, as per its amended and restated limited liability company operating agreement.
- Concurrently, 168,934 Units (ownership interests in Cactus Companies, LLC) were also distributed to these members.
- Following these transactions, Cactus WH Enterprises, LLC beneficially owns 9,818,375 shares of Class B Common Stock and 9,818,375 Units.
- Each Unit is convertible into one share of Class A Common Stock or an equivalent amount of cash, at Cactus Companies' election.
Sentiment
Score: 5
Explanation: The filing reports a routine internal ownership restructuring within a major shareholder entity, not directly impacting the operational or financial performance of Cactus, Inc. It is a neutral event from an investment perspective.
Future Outlook
The filing indicates a planned distribution of securities on August 18, 2025, reflecting an internal ownership adjustment within Cactus WH Enterprises, LLC. No other forward-looking statements regarding the company's operational performance or strategic direction are provided.
Industry Context
This filing details an internal ownership restructuring within a significant shareholder entity and does not provide information directly related to broader industry trends or competitive dynamics. It reflects a common mechanism for managing ownership in multi-class share structures.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reference to Existing Agreement | The transactions were conducted pursuant to the amended and restated limited liability company operating agreement of Cactus WH Enterprises, LLC, and the amended and restated limited liability company operating agreement of Cactus Companies, LLC, which provide for redemption rights of Units into Class A Common Stock or cash. | NA | Confirms the ongoing operation of established governance mechanisms for managing ownership interests and conversions. |
Related Party Transactions
- Cactus WH Enterprises, LLC, a 10% owner and director of Cactus, Inc., distributed securities to its members, which constitutes a related party transaction.
Stakeholder Impact
- The transaction primarily impacts the members of Cactus WH Enterprises, LLC by restructuring their direct holdings of Class B Common Stock and Units. For public shareholders of Cactus, Inc., it represents an internal ownership adjustment by a significant shareholder, with no direct immediate impact on their Class A Common Stock holdings or company operations.
Key Dates
| Date | Description |
|---|---|
| 08/18/2025 | Date of transaction for distribution of Class B Common Stock and Units. |
| 08/19/2025 | Date the Form 4 was signed by Scott Bender, President of Cactus WH Enterprises, LLC. |
Recommendation
holdThis Form 4 filing details an internal ownership restructuring by a significant shareholder (Cactus WH Enterprises, LLC) and does not provide new information regarding the operational performance, financial health, or strategic direction of Cactus, Inc. As such, it does not warrant a change in investment recommendation based solely on this disclosure. The transaction is a routine event under existing agreements.
Keywords
Cactus Inc, WHD, SEC Form 4, Beneficial Ownership, Insider Transaction, Class B Common Stock, Class A Common Stock, Units, Ownership Restructuring, Corporate Governance
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.