Cactus WH Enterprises, LLC - Nov 21, 2022 Form 4 Insider Report for Cactus, Inc. (WHD)

Role
10%+ Owner
Signature
/s/ Scott Bender, President
Stock symbol
WHD
Transactions as of
Nov 21, 2022
Transactions value $
$0
Form type
4
Date filed
11/23/2022, 10:07 AM
Previous filing
Aug 29, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WHD Class B Common Stock Other -129K -0.96% 13.4M Nov 21, 2022 Direct F1
transaction WHD Class B Common Stock Other -15K -0.11% 13.4M Nov 22, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WHD Units Other -129K -0.96% 13.4M Nov 21, 2022 Class A Common Stock 129K Direct F2, F3, F4
transaction WHD Units Other -15K -0.11% 13.4M Nov 22, 2022 Class A Common Stock 15K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with certain redemptions of ownership interests in the Reporting Entity by certain of the Reporting Entity's members pursuant to the first amended and restated limited liability company agreement of the Reporting Entity, the Reporting Entity distributed Class B Common Stock to such members.
F2 "Units" mean ownership interests in Cactus Wellhead, LLC ("Cactus LLC"). The Issuer is the sole managing member of Cactus LLC.
F3 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.
F4 In connection with certain redemptions of ownership interests in the Reporting Entity by certain of the Reporting Entity's members pursuant to the first amended and restated limited liability company agreement of the Reporting Entity, the Reporting Entity distributed Units to such members.