Bender Steven 4

4 · Cactus, Inc. · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

Cactus (WHD) COO Steven Bender Receives RSU Award; Shares Withheld

What Happened

Steven Bender, Chief Operating Officer of Cactus, Inc. (WHD), received a grant of 14,290 restricted stock units (RSUs) on March 10, 2026.
Related to vesting/conversion activity on March 10–11, 2026, a total of 13,581 shares were converted/issued (4,583 + 4,027 + 4,971). To satisfy tax withholding obligations, the company withheld 1,804, 1,585 and 1,957 shares at prices around $48.56–$48.60, generating proceeds of $87,674, $77,031 and $95,032 respectively (total withheld value $259,737). The conversion entries are reported as derivative exercises/conversions (M) and the withholding/sale entries as tax withholding (F). This is issuance and tax-withholding activity—not an open-market sale or purchase.

Key Details

Transaction dates: March 10–11, 2026; Form 4 filed March 12, 2026 (timely).
New grant: 14,290 RSUs granted March 10, 2026, vesting in three equal annual installments beginning March 10, 2027.
Conversion/vesting: 4,583; 4,027; and 4,971 shares converted/issued (reported as M, $0 per share for conversion).
Tax withholding (dispositions): 1,804 shares @ $48.60 = $87,674; 1,585 shares @ $48.60 = $77,031; 1,957 shares @ $48.56 = $95,032. Total withheld value = $259,737. (Footnote confirms shares were withheld to satisfy tax obligations.)
Shares owned after the transactions: not specified in the provided filing summary.
Notable footnotes: F1–F6 explain these are RSUs (each unit converts to one Class A share on vesting) and list prior RSU grants from 2023–2025 that vest in annual installments.

Context

These entries reflect RSU grants and routine vesting/conversion with shares withheld to cover tax obligations (a cashless/withholding mechanism), not discretionary open-market selling or new purchases. Such withholding is common and does not necessarily indicate a change in insider sentiment.
No 10b5-1 plan or late filing is indicated in the provided data.

Form 4

Period: 2026-03-10

Chief Operating Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-03-10+4,583→ 95,589 total
Tax Payment
Class A Common Stock
[F2]
2026-03-10$48.60/sh−1,804$87,674→ 93,785 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-03-10+4,027→ 97,812 total
Tax Payment
Class A Common Stock
[F2]
2026-03-10$48.60/sh−1,585$77,031→ 96,227 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-03-11+4,971→ 101,198 total
Tax Payment
Class A Common Stock
[F2]
2026-03-11$48.56/sh−1,957$95,032→ 99,241 total
Award
Restricted Stock Units
[F1][F3]
2026-03-10+14,290→ 135,475 total
→ Class A Common Stock (14,290 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-10−4,583→ 130,892 total
→ Class A Common Stock (4,583 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-10−4,027→ 126,865 total
→ Class A Common Stock (4,027 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F6]
2026-03-11−4,971→ 121,894 total
→ Class A Common Stock (4,971 underlying)

Footnotes (6)

[F1]Restricted stock units represent a contingent right to receive Class A common stock. Upon vesting, one share of Class A common stock will be delivered for each vested restricted stock unit.
[F2]Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted restricted stock units.
[F3]On March 10, 2026, the reporting person was granted 14,290 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
[F4]On March 10, 2023, the reporting person was granted 13,748 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
[F5]On March 10, 2025, the reporting person was granted 12,080 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
[F6]On March 11, 2024, the reporting person was granted 14,915 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Signature

/s/ Steven Bender, by William Marsh as Attorney-in-Fact|2026-03-12

1 file