Bender Scott 4

What Happened

• Scott Bender (10% owner) sold shares of Cactus, Inc. (WHD) in two open-market transactions. On 2026-03-06 he sold 29,228 shares at $50.01 each for $1,461,692. On 2026-03-10 he sold 106,809 shares at $49.92 each for $5,331,905. Total shares sold = 135,037 for total proceeds of about $6,793,597. These were sales (monetizations), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-03-06: 29,228 shares @ $50.01 = $1,461,692
  • 2026-03-10: 106,809 shares @ $49.92 = $5,331,905
• Total proceeds: ≈ $6,793,597 for 135,037 shares.
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnote: The filing notes these sales represent cumulative shares sold by Bender Investment Company. Scott Bender has an ownership interest in that entity and disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
• Timeliness: The Form 4 was filed on 2026-03-11. The 2026-03-06 sale appears to have been reported after the 2-business-day Form 4 deadline (so that sale is effectively late); the 2026-03-10 sale was reported within the typical 2-business-day window.

Context

• As a 10% owner, these transactions involve an affiliated investment vehicle (Bender Investment Company) rather than a routine employee stock sale. Sales by large owners can reflect portfolio rebalancing or liquidity needs and are not, by themselves, a clear signal of company prospects.