Bender Joel 4

What Happened
Bender Joel, identified as a 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 (≈ $1,461,692) and on 2026-03-10 he sold 106,809 shares at $49.92 (≈ $5,331,905). Total proceeds across both trades were about $6.79 million. These were sales (not purchases), which are often routine for large holders and do not by themselves signal company performance.

Key Details

• Transaction dates and prices:
  • 2026-03-06: 29,228 shares sold at $50.01 — $1,461,692 (reported)
  • 2026-03-10: 106,809 shares sold at $49.92 — $5,331,905 (reported)
• Total shares sold: 136,037; total proceeds: ≈ $6,793,597
• Filing/Report: Form 4 filed 2026-03-11 (covers transactions dated 2026-03-06 and 2026-03-10). The filing lists these trades; no explicit late-file flag was provided in the summary data supplied here.
• Shares owned after the transactions: not provided in the details you supplied.
• Footnote: The sales were reported as cumulative sales by Bender Investment Company. The reporting person has an ownership interest in that entity and disclaims beneficial ownership of those shares except for his pecuniary interest (see footnote F1).

Context

• As a 10% owner, Bender Joel represents a large/institutional holder rather than an employee or executive trade; such sales can reflect portfolio management rather than a view on operational performance.
• Sales are less informative than purchases for signaling insider confidence; absence of additional context (e.g., intent letter, 10b5-1 plan, taxes, or option exercises) means investors should not infer motive from these transactions alone.