SCHEDULE: Vanguard Group Amends Cactus Inc. Ownership Filing

The Vanguard Group, Inc. filed an amended Schedule 13G for Cactus Inc., reporting 0% beneficial ownership following an internal realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 9 to its Schedule 13G for Cactus Inc. regarding its Common Stock.
• The filing reports 0% beneficial ownership of Cactus Inc. Common Stock by The Vanguard Group.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a procedural update regarding an institutional investor's internal reporting structure and does not reflect a change in investment thesis or performance for Cactus Inc.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding Cactus Inc.'s operations or financial performance, focusing solely on The Vanguard Group's beneficial ownership reporting.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• Certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are used by passive investors to report beneficial ownership of 5% or more of a company's stock. This amendment indicates a procedural change in how The Vanguard Group, a major institutional investor, reports its holdings, rather than a change in its overall investment strategy or a divestment from Cactus Inc. by its underlying funds. The disaggregated reporting aligns with SEC guidance for large investment complexes.

Stakeholder Impact

• Minimal direct impact on Cactus Inc. shareholders, as the change reflects an internal reporting adjustment by The Vanguard Group rather than a change in investment position or strategy regarding Cactus Inc.

Key Dates

Keywords

Cactus Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Common Stock, Internal Realignment