Rothstein Bruce M 4

What Happened Bruce M. Rothstein, a director of Cactus, Inc. (WHD), had 2,524 restricted stock units (RSUs) that vested and were converted on March 10, 2026 and were immediately disposed with $0 reported proceeds. On the same date he was granted 2,559 new RSUs at $0.00 that vest on the first anniversary of the grant. The filing shows no cash value reported for the converted/disposed shares.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
• Conversions/dispositions: 2,524 RSUs converted (exercise/conversion code M) and 2,524 shares disposed (reported $0.00).
• New award: 2,559 RSUs granted (award code A) at $0.00, vesting on March 10, 2027.
• Shares owned after transaction: not disclosed in the provided filing summary.
• Footnotes:
  • F1: RSUs = contingent right to receive one Class A share per vested unit.
  • F2: The 2,559 RSUs were granted on March 10, 2026 and vest in one year.
  • F3: The 2,524 RSUs granted on March 10, 2025 vested on March 10, 2026.
• No 10b5-1 plan or other special arrangement is indicated in the provided data.

Context

• For RSUs, a conversion with $0 proceeds commonly indicates shares were withheld (or otherwise surrendered) to satisfy tax withholding or other obligations rather than sold for cash; the Form 4 here does not specify the reason. The new RSU grant is a standard equity award to a director that vests after one year and does not represent an immediate purchase or sale of stock.