Steven Bender - 06 Nov 2024 Form 4 Insider Report for Cactus, Inc. (WHD)

Role
Chief Operating Officer
Signature
/s/ Steven Bender, by William Marsh as Attorney-in-Fact
Issuer symbol
WHD
Transactions as of
06 Nov 2024
Net transactions value
-$6,535,000
Form type
4
Filing time
08 Nov 2024, 17:18:21 UTC
Previous filing
13 Mar 2024
Next filing
12 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WHD Class B Common Stock Award +100,000 100,000 06 Nov 2024 Direct F1
transaction WHD Class B Common Stock Disposed to Issuer -100,000 -100% 0 06 Nov 2024 Direct F2
transaction WHD Class A Common Stock Other +100,000 +174% 157,567 06 Nov 2024 Direct F3
transaction WHD Class A Common Stock Sale $6,535,000 -100,000 -63% $65.35 57,567 06 Nov 2024 Direct

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 Award +100,000 100,000 06 Nov 2024 Class A Common Stock 100,000 Direct F4, F5
transaction WHD Units Other -100,000 -100% 0 06 Nov 2024 Class A Common Stock 100,000 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 Companies, LLC ("Cactus Companies"). The Issuer is the sole managing member of Cactus Companies.
F5 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.
F6 The Units were redeemed for Class A Common Stock on November 6, 2024.