Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WHD | Class B Common Stock | Award | +100K | 100K | Mar 11, 2022 | Direct | F1 | |||
transaction | WHD | Class B Common Stock | Disposed to Issuer | -100K | -100% | 0 | Mar 11, 2022 | Direct | F2 | ||
transaction | WHD | Class A Common Stock | Other | $0 | +100K | +210% | $0.00 | 148K | Mar 11, 2022 | Direct | F3 |
transaction | WHD | Class A Common Stock | Sale | -$493K | -8.81K | -5.97% | $55.99 | 139K | Mar 11, 2022 | Direct | |
transaction | WHD | Class A Common Stock | Sale | -$467K | -9.12K | -6.57% | $51.16 | 130K | Mar 14, 2022 | Direct | |
transaction | WHD | Class A Common Stock | Sale | -$88K | -1.81K | -1.39% | $48.70 | 128K | Mar 15, 2022 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | WHD | Units | Award | +100K | 100K | Mar 11, 2022 | Class A Common Stock | 100K | Direct | F1, F4, F5, F6 | ||||
transaction | WHD | Units | Other | -100K | -100% | 0 | Mar 11, 2022 | Class A Common Stock | 100K | Direct | F2, F4, F5, F6, F7 |
Id | Content |
---|---|
F1 | The Reporting Person redeemed a portion of his ownership interests in Cactus WH Enterprises, LLC ("Cactus Enterprises") pursuant to the first amended and restated limited liability company agreement of Cactus Enterprises, in return for which Cactus Enterprises distributed to the Reporting Person, a corresponding number of shares of Class B Common Stock and a corresponding number of Units (as defined below). |
F2 | In connection with the redemption of Units, as described below, the Reporting Person disposed of a corresponding number of shares of Class B Common Stock, which shares were cancelled by the Issuer. |
F3 | In connection with the redemption of Units, as described below, the Reporting Person acquired a corresponding number of shares of Class A Common Stock. |
F4 | "Units" mean ownership interests in Cactus Wellhead, LLC ("Cactus LLC"). The Issuer is the sole managing member of Cactus LLC. |
F5 | The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash (the "Redemption Right"). |
F6 | Upon the exercise of the Redemption Right, the Issuer (instead of Cactus LLC) has the right (the "Call Right") to acquire each tendered Unit directly from the exchanging Unit holder for, at its election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash. |
F7 | The Units were redeemed for Class A Common Stock on March 11, 2022. |