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

What happened

• Bender Scott, a 10% owner, sold 100,000 shares in an open-market transaction at $61.97 on Oct 1, 2026, for $6,197,300. The filing also reports related redemptions and conversions of Units and Class B Common Stock into Class A Common Stock on Oct 1, 2026.

Key details

• Transaction date and price: Oct 1, 2026 — 100,000 shares sold at $61.97 (aggregate $6,197,300).
• Related redemptions/conversions: Cactus Enterprises distributed 100,000 Units and a corresponding number of Class B shares to Bender Investment Company (BIC); those Units and corresponding Class B shares were redeemed for 100,000 shares of Class A Common Stock on Oct 1, 2026, and the corresponding Class B shares were cancelled.
• Holdings 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 (per the filing).
• 10b5-1 plan and ownership structure: the sold shares were reported as sold by Bender Investment Company pursuant to a Rule 10b5-1 trading plan; the reporting person controls Bender Investment Company and disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
• Transaction types noted in the filing: A (award/grant/acquisition), D (disposition to issuer), J (other acquisition/disposition), and S (open-market sale). Some entries are derivative-related (redemptions/conversions).

Why it may matter

• The reporting person is a 10% owner (a large holder), not an executive, and the filing shows both a market sale under a 10b5-1 plan and corporate redemptions/conversions between Units, Class B and Class A stock.
• A filing does not show why the insider traded or why the company acted.