Cactus (WHD) COO Steven Bender Sells 25,000 Shares

What Happened
Steven Bender, Cactus, Inc. (WHD) COO, EVP and CEO—SpoolableTech, converted ownership units into Class A common stock on Aug 6, 2026 (acquiring 25,000 Class A shares via a unit redemption) and, on Aug 7, 2026, sold 25,000 shares in an open‑market transaction at $67.65 per share for proceeds of $1,691,223. In connection with the unit redemption, a corresponding number of Class B shares were disposed of and cancelled by the issuer. The filing also lists derivative entries with zero shares.

Key Details

• Transaction dates: Aug 6, 2026 (unit redemption → acquisition of Class A shares; cancellation of corresponding Class B shares) and Aug 7, 2026 (open‑market sale).
• Open‑market sale: 25,000 shares at $67.65 per share = $1,691,223 total.
• How shares were acquired: Units in Cactus Companies were redeemed for Class A common stock at a 1:1 ratio (per footnotes). The Units were redeemed on Aug 6, 2026.
• Shares owned after the transactions: not disclosed on this Form 4.
• Filing: Form 4 filed Aug 10, 2026 (reporting period Aug 6, 2026). No late‑filing flag is indicated on the form.
• Other notes: Several entries reflect non‑market conversions/cancellations and derivative lines showing 0 shares.

Context

• The acquisition on Aug 6 was not a market purchase but a conversion/redemption of ownership units into Class A shares; the sale on Aug 7 was an open‑market disposition.
• Insider sales after conversions or as part of internal reorganizations are often routine ways to monetize position and do not, by themselves, indicate management’s long‑term view of the company. This summary is factual and does not speculate on motive.