Cactus (WHD) 10% Owner Disposes 200,000 Shares

What Happened
Cactus WH Enterprises, LLC (a reported 10% owner) reported two dispositions on August 3, 2026: a disposal of 100,000 Class B common shares and a separate disposal of 100,000 derivative interests. Both entries show no per‑share price (N/A), which indicates these were not open‑market sales but internal transfers/distributions connected to member redemptions under the reporting entity’s LLC agreement. Because no price was reported, the filing does not provide a market value for the transactions.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (appears filed within the typical two‑business‑day window).
• Transaction code: J (other acquisition or disposition).
• Quantities: 100,000 shares (disposed) + 100,000 derivative interests (disposed) = 200,000 total.
• Price: N/A — non‑open‑market/internal distribution.
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Relevant footnotes: F1–F4 state the dispositions relate to redemptions of ownership interests and distributions of Class B common stock and “Units” in Cactus Companies, LLC; Units may be redeemable for Class A shares or cash at Cactus Companies’ election.
• Insider type: 10% owner (institutional/entity), not an individual officer — this reflects entity-level ownership changes rather than a typical executive buy/sell.

Context
The “derivative” line likely reflects Units or conversion/redeemable interests under the LLC operating agreement rather than option exercises or market trades; footnote F3 explains Units can be converted into Class A shares or cash. These kinds of LLC redemptions and distributions are administrative/structural transactions and do not by themselves signal a manager’s personal buy or sell decision.