Steven Bender - 10 Mar 2023 Form 4 Insider Report for Cactus, Inc. (WHD)

Role: VP of Operations
Signature: /s/ Steven Bender, by William Marsh as Attorney-in-Fact
Issuer symbol: WHD
Transactions as of: 10 Mar 2023
Net transactions value: -$324,578
Form type: 4
Filing time: 14 Mar 2023, 19:41:00 UTC
Previous filing: 27 May 2022
Next filing: 11 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WHD	Class A Common Stock	Award	$0	+3,904	+8.2%	$0.000000	51,524	10 Mar 2023	Direct	F1
transaction	WHD	Class A Common Stock	Tax liability	$65,461	-1,537	-3%	$42.59	49,987	10 Mar 2023	Direct	F2
transaction	WHD	Class A Common Stock	Options Exercise		+9,761	+20%		59,748	11 Mar 2023	Direct	F3
transaction	WHD	Class A Common Stock	Tax liability	$163,588	-3,841	-6.4%	$42.59	55,907	11 Mar 2023	Direct	F2
transaction	WHD	Class A Common Stock	Options Exercise		+3,114	+5.6%		59,021	11 Mar 2023	Direct	F3
transaction	WHD	Class A Common Stock	Tax liability	$52,215	-1,226	-2.1%	$42.59	57,795	11 Mar 2023	Direct	F2
transaction	WHD	Class A Common Stock	Options Exercise		+2,584	+4.5%		60,379	11 Mar 2023	Direct	F3
transaction	WHD	Class A Common Stock	Tax liability	$43,314	-1,017	-1.7%	$42.59	59,362	11 Mar 2023	Direct	F2

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	Restricted Stock Units	Award	$0	+81,467	+343%	$0.000000	105,208	10 Mar 2023	Class A Common Stock	81,467		Direct	F3, F4
transaction	WHD	Restricted Stock Units	Award	$0	+13,748	+13%	$0.000000	118,956	10 Mar 2023	Class A Common Stock	13,748		Direct	F3, F5
transaction	WHD	Restricted Stock Units	Options Exercise	$0	-9,761	-8.2%	$0.000000	109,195	11 Mar 2023	Class A Common Stock	9,761		Direct	F3, F6
transaction	WHD	Restricted Stock Units	Options Exercise	$0	-3,114	-2.9%	$0.000000	106,081	11 Mar 2023	Class A Common Stock	3,114		Direct	F3, F7
transaction	WHD	Restricted Stock Units	Options Exercise	$0	-2,584	-2.4%	$0.000000	103,497	11 Mar 2023	Class A Common Stock	2,584		Direct	F3, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares earned for the performance share units granted in 2020 for the three-year performance period ending December 31, 2022 as approved by the Compensation Committee of the Board of Directors and issued March 10, 2023.
F2	Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
F3	Restricted stock units represent a contingent right to receive Class A common stock. Upon vesting, one share of Class A common stock will be delivered for each vested restricted stock unit.
F4	On March 10, 2023, the reporting person was granted 81,467 restricted stock units, vesting on the fourth anniversary of the grant date.
F5	On March 10, 2023, the reporting person was granted 13,748 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F6	On March 11, 2020, the reporting person was granted 29,283 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F7	On March 11, 2021, the reporting person was granted 9,343 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F8	On March 11, 2022, the reporting person was granted 7,752 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.