Cactus (WHD) 10% Owner Joel Bender Sells 100,000 Shares

What Happened
Joel Bender, a reported 10% owner of Cactus, Inc. (WHD), was involved in a set of related transactions on August 3, 2026. The headline transaction: 100,000 shares were sold in an open‑market sale at $63.89 per share, generating $6,388,800. Related corporate/LLC transactions occurred the same day — Bender Investment Company (BIC), which the reporting person controls, redeemed certain ownership interests in Cactus WH Enterprises / Cactus Companies, resulting in distributions and redemptions of Units and Class B Common Stock and the acquisition of 100,000 shares of Class A Common Stock. As a result of the reported activity, the filing shows the reporting person is deemed to beneficially own 9,286,249 shares of Class B Common Stock and 9,286,249 Units.

Key Details

• Transaction date: August 3, 2026. Sale price: $63.89 per share. Sale proceeds: $6,388,800 (100,000 shares).
• Other actions that day: distribution of 100,000 Units and corresponding Class B shares to BIC; those Units (and corresponding Class B shares) were redeemed for 100,000 shares of Class A Common Stock; the corresponding Class B shares were cancelled.
• Shares owned after transaction: 9,286,249 Class B shares and 9,286,249 Units (reported as held by Cactus Enterprises).
• Notable footnotes: the open‑market sale was executed pursuant to a Rule 10b5‑1 plan (footnote F6); many securities are directly owned by Cactus Enterprises and reported because of indirect ownership rules (footnotes F1, F3, F7–F9).
• Filing timeliness: Report filed Aug 5, 2026 for Aug 3, 2026 transactions — no indication of a late filing in this report.

Context
The sale reported here was executed by Bender Investment Company under a prearranged 10b5‑1 trading plan; the filing notes Bender controls BIC and disclaims beneficial ownership of the shares sold except for his pecuniary interest. The other entries reflect redemption/exchange mechanics between LLC Units, Class B shares and newly issued Class A shares (corporate/LLC restructuring actions), not necessarily independent open‑market trading. As a 10% owner, these transactions largely reflect institutional/ownership restructuring and a planned sale rather than an ad hoc executive buy/sell decision.