Semple Alan 4

What Happened

Alan Semple, a director of Cactus, Inc. (WHD), received a grant of 2,559 restricted stock units (RSUs) on March 10, 2026. On the same date, 2,524 RSUs granted on March 10, 2025 vested, converted to shares, and those converted shares were disposed/withheld at $0 per share according to the filing. The new 2,559 RSUs have a $0 purchase price (standard equity award); the zero-dollar disposition of the vested units indicates no cash proceeds were reported from that conversion.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Grants/Conversions reported:
  • Grant (A): 2,559 RSUs @ $0.00 (new award; vests one year from grant).
  • Conversion/Exercise (M) and disposal: 2,524 RSUs converted/treated as shares and disposed at $0.00 (derivative conversion/disposition).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one Class A share upon vesting.
  • F2: The 2,559 RSUs were granted 3/10/2026 and vest on the first anniversary.
  • F3: The 2,524 RSUs were originally granted 3/10/2025 and vested on their first anniversary (3/10/2026).
• No dollar proceeds or open-market purchase/sale reported; this is compensation-related equity activity rather than a market trade.

Context

RSUs are compensation awards that convert to actual shares when they vest. The filing shows a new RSU award and the vesting/conversion of a prior award; the zero-price disposal commonly reflects shares withheld or surrendered to satisfy tax withholding or similar obligations rather than an open-market sale. Such grants are routine director compensation and do not by themselves indicate buy/sell sentiment.