Scott Bender - 16 May 2024 Form 4 Insider Report for Cactus, Inc. (WHD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 May 2024, 17:25:19 UTC
Prior SEC filing
09 May 2024
Next SEC filing
16 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Scott Bender, by William Marsh as Attorney-in-Fact

Key filing fact

Scott Bender filed Form 4 for Cactus, Inc. (WHD) on 20 May 2024.

Key facts

  • This page summarizes Scott Bender's Form 4 filing for Cactus, Inc. (WHD).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 20 May 2024, 17:25.

Change

  • Previous filing in this sequence was filed on 09 May 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WHD transaction

Class B Common Stock

Other

Transaction value
Shares
-104,962
Change %
-0.89%
Price
Shares after
11,676,482
Date
16 May 2024
Ownership
See Footnote
Footnotes
F1, F2
WHD transaction

Class B Common Stock

Other

Transaction value
Shares
-12,249
Change %
-0.1%
Price
Shares after
11,664,233
Date
17 May 2024
Ownership
See Footnote
Footnotes
F1, F2
WHD transaction

Class B Common Stock

Other

Transaction value
Shares
-49,560
Change %
-0.42%
Price
Shares after
11,614,673
Date
20 May 2024
Ownership
See Footnote
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WHD transaction Derivative

Units

Other

Transaction value
Shares
-104,962
Change %
-0.89%
Price
Shares after
11,676,482
Date
16 May 2024
Ownership
See Footnote
Underlying class
Class A Common Stock
Underlying amount
104,962
Exercise price
Footnotes
F2, F3, F4, F5
WHD transaction Derivative

Units

Other

Transaction value
Shares
-12,249
Change %
-0.1%
Price
Shares after
11,664,233
Date
17 May 2024
Ownership
See Footnote
Underlying class
Class A Common Stock
Underlying amount
12,249
Exercise price
Footnotes
F2, F3, F4, F5
WHD transaction Derivative

Units

Other

Transaction value
Shares
-49,560
Change %
-0.42%
Price
Shares after
11,614,673
Date
20 May 2024
Ownership
See Footnote
Underlying class
Class A Common Stock
Underlying amount
49,560
Exercise price
Footnotes
F2, F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

In connection with certain redemptions of ownership interests in Cactus WH Enterprises, LLC ("Cactus Enterprises") by certain of Cactus Enterprises' members pursuant to the amended and restated limited liability company agreement of Cactus Enterprises, Cactus Enterprises distributed Class B Common Stock to such members. The Reporting Person did not participate in the redemptions, and no shares of Class B Common Stock were distributed to the Reporting Person or any entities controlled by the Reporting Person.

Footnote F2

The securities reported herein are directly owned by Cactus Enterprises. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Reporting Person may be deemed to have an indirect pecuniary interest in the securities held directly by Cactus Enterprises through his ownership interest in Cactus Enterprises. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by Cactus Enterprises is reported herein. The Reporting Person disclaims beneficial ownership of any securities that he does not directly own, except to the extent of his indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.

Footnote F3

"Units" mean ownership interests in Cactus Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.

Footnote F4

The amended and restated limited liability company operating agreement of Cactus Companies provides the holders of Units with certain rights to cause Cactus Companies to acquire all or at least a minimum portion of their Units for, at Cactus Companies 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.

Footnote F5

In connection with certain redemptions of ownership interests in Cactus Enterprises by certain of Cactus Enterprises' members pursuant to the amended and restated limited liability company agreement of Cactus Enterprises, Cactus Enterprises distributed Units to such members. The Reporting Person did not participate in the redemptions, and no Units were distributed to the Reporting Person or any entities controlled by the Reporting Person.

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