Cactus (WHD) 10% Owner Joel Bender Records 25,000-Share Distribution

What Happened
Joel Bender, a reported 10% owner of Cactus, Inc. (WHD), reported two "other acquisition or disposition (J)" transactions on August 6, 2026. Each line shows 25,000 shares disposed (one line is marked as a derivative-related disposition); no sale price or dollar value is reported. The filing explains these entries relate to distributions by Cactus WH Enterprises, LLC of Class B Common Stock/Units to certain members (a 25,000‑unit/share distribution is noted in the footnotes). This was an internal, entity-level distribution tied to LLC redemptions—not an open‑market sale.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (filed within the Form 4 timing window).
• Reported entries: two "Other (J)" dispositions of 25,000 shares each; one entry flagged as derivative-related. Price per share: N/A (no cash value shown).
• Shares beneficially owned after transactions: 9,261,249 shares of Class B Common Stock and 9,261,249 Units (beneficially held via Cactus Enterprises).
• Notable footnotes: (F1) distributions by Cactus WH Enterprises resulted in a 25,000‑unit/share distribution to a member; (F3) the securities are directly owned by Cactus Enterprises and Joel Bender may be deemed to have an indirect pecuniary interest due to his ownership interest in that entity; (F4–F5) “Units” are ownership interests in related LLCs and have contractual redemption rights (for Class A stock or cash).
• Filing status: appears timely (filed Aug 10 for Aug 6 transaction).

Context
This filing documents entity-level distributions tied to LLC redemptions, and not a routine insider open-market sale or purchase. Because the reported securities are held directly by Cactus Enterprises and Bender’s interest is indirect, these entries reflect ownership-structure adjustments rather than a straightforward buy/sell signal; no cash proceeds or market price were disclosed.