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

What Happened
Scott Bender, a 10% owner of Cactus, Inc. (WHD), recorded multiple transactions on August 3, 2026. The headline transaction: 100,000 shares were sold in an open-market transaction at $63.89 per share for $6,388,800 (reported as sold by Bender Investment Company under a Rule 10b5‑1 plan). Concurrently, affiliated entities redeemed units and Class B shares and received/converted 100,000 Units and a corresponding number of Class B shares, which were then redeemed for 100,000 shares of Class A Common Stock; some Class B shares were cancelled by the issuer.

Key Details

• Transaction date: August 3, 2026; filing date: August 5, 2026 (filed timely).
• Open‑market sale: 100,000 shares at $63.89 each = $6,388,800 (sold pursuant to a Rule 10b5‑1 plan; Reporting Person disclaims beneficial ownership except for pecuniary interest in Bender Investment Company).
• Unit/share conversions and redemptions: 100,000 Units and corresponding Class B shares were distributed to Bender Investment Company, then redeemed for 100,000 Class A shares; related Class B shares were cancelled by the issuer.
• Shares owned after transactions: Reporting Person is deemed to beneficially own 9,286,249 shares of Class B Common Stock and 9,286,249 Units owned by Cactus Enterprises (reported on Form 4 per Rule 16a‑1 via indirect interest).
• Footnotes: transactions involve Cactus Enterprises/Cactus Companies structures; issuer did not exercise a "Call Right"; some entries are derivative/other (codes J, A, D) reflecting redemptions and conversions rather than traditional option exercises.

Context
These filings reflect activity by a 10% owner through affiliated entities and plan-driven sales and corporate redemptions/conversions — not necessarily personal discretionary trades. The open‑market sale was executed under a pre-existing 10b5‑1 plan (routine execution), while the other entries reflect unit redemptions and conversion of Units/Class B into Class A stock and cancellations by the issuer.