Cactus (WHD) 10% Owner Scott Bender Receives 25,000 Shares

What Happened
Scott Bender (reported as a 10% owner) received a distribution of 25,000 shares of Class B Common Stock and 25,000 Units on August 6, 2026. The Form 4 reports these as "other acquisition or disposition" transactions (code J) with no price or cash value disclosed. The distribution was made by Cactus WH Enterprises, LLC (Cactus Enterprises) in connection with certain member redemptions.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (timely under the two-business-day rule).
• Reported transaction code: J (other acquisition/disposition). Price and total value: N/A / not disclosed.
• Securities received: 25,000 shares of Class B Common Stock and 25,000 Units (the Units are ownership interests).
• Holdings after transaction: Reporting person is deemed to beneficially own 9,261,249 Class B shares and 9,261,249 Units (held by Cactus Enterprises).
• Footnote highlights: the shares/units were distributed by Cactus Enterprises as part of redemptions; the securities are directly owned by Cactus Enterprises, and Bender may be deemed to have an indirect pecuniary interest under Rule 16a-1. The filer disclaims beneficial ownership of securities not directly owned.

Context

• This is a distribution tied to LLC member redemptions, not an open-market purchase or sale by the insider.
• Because the securities are held directly by Cactus Enterprises, Bender's interest is reported under Rule 16a-1 as an indirect pecuniary interest—this is common for insiders who are members of affiliated entities.
• No cash price or market value is provided, so the economic impact on Bender cannot be determined from this filing alone.