Cactus Inc: 10% owner Joel Bender sold 100,000 shares

What happened Joel Bender, a 10% owner, sold 100,000 shares of Class A common stock at $61.97 on Oct 1, 2026, for $6,197,300. The Form 4 also reports related redemptions and conversions: 100,000 Units and a corresponding 100,000 shares of Class B common stock were distributed to Bender Investment Company (BIC), then redeemed for 100,000 shares of Class A common stock and certain Class B shares were cancelled by the issuer. Several entries reflect acquisitions and dispositions tied to those redemptions and to securities held by Cactus Enterprises.

Key details

• Transaction date and price: Oct 1, 2026 — open market sale of 100,000 shares at $61.97, total $6,197,300. Other entries on Oct 1, 2026 show acquisitions/disposals at N/A tied to redemptions/conversions.
• Shares owned after the transactions: the reporting person is deemed to beneficially own 9,061,249 shares of Class B common stock and 9,061,249 Units owned by Cactus Enterprises.
• Footnotes: the sale of 100,000 shares by Bender Investment Company was pursuant to a Rule 10b5-1 trading plan (F6). Units are ownership interests in Cactus Companies and were exchanged for Class A common stock under the operating agreement (F1, F7–F10). Some Class B shares disposed in connection with the redemptions were cancelled by the issuer (F4).
• Ownership/beneficial interest: the securities reported are directly owned by Cactus Enterprises; Joel Bender may be deemed to have an indirect pecuniary interest through his ownership interest in Cactus Enterprises (F3).
• Filing timing: Form 4 was filed Oct 2, 2026, reporting transactions on Oct 1, 2026.

Why it may matter

• This was a market sale of 100,000 shares under a 10b5-1 plan; the filing also shows related unit redemptions and conversion to Class A shares.
• This report involves a 10% owner (large holder) and transactions by an entity Bender controls, not a simple employee option exercise or a gift.
• This filing does not show why the insider traded or why the company acted.