Research Summary
AI-generated summary of this SEC filing
Cactus (WHD) 10% Owner Sells 50,000 Shares
What Happened
Cactus WH Enterprises, LLC (reported as a 10% owner) recorded dispositions totaling 50,000 shares of Cactus, Inc. (WHD) on 2026-08-06. The filing shows two "other acquisition or disposition (J)" entries: one for 25,000 shares (disposed) and a second 25,000-share disposition listed as a derivative. No per-share price or dollar value is reported (N/A).
Key Details
- Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (appears to be more than 2 business days after the transaction).
- Reported transactions: 25,000 shares disposed (ordinary), plus 25,000 shares disposed (derivative). Total = 50,000 shares disposed.
- Price/Value: N/A in the filing; total value not specified.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: The dispositions are tied to member redemptions and distributions — the filing notes distributions of Class B common stock and/or Units of the issuer’s LLC and explains that Units can be redeemed for Class A common stock (1:1) or cash per the LLC agreement.
Context
This filing is by a 10% owner (an entity), not an individual executive — such transactions often reflect institutional or structural changes (e.g., member redemptions, unit conversions) rather than routine executive trading. The derivative entry relates to LLC Units/rights (see footnotes) rather than a standard option exercise; because no price is reported, the economic impact on the owner or proceeds to/from the company isn’t shown. The apparent late filing may be worth noting for timing transparency but does not by itself indicate insider intent.