4//SEC Filing
Rothstein Bruce M 4
Accession 0001699136-24-000144
CIK 0001699136other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 6:43 PM ET
Size
19.1 KB
Accession
0001699136-24-000144
Insider Transaction Report
Form 4
Cactus, Inc.WHD
Rothstein Bruce M
Director
Transactions
- Other
Class A Common Stock
2024-11-18+5,000→ 17,177 total - Disposition to Issuer
Class B Common Stock
2024-11-18−40,000→ 104,390 total(indirect: See footnote) - Other
Units
2024-11-18−5,000→ 17,796 total→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Class B Common Stock
2024-11-18−5,000→ 17,796 total - Sale
Class A Common Stock
2024-11-19$65.22/sh−40,000$2,609,000→ 0 total(indirect: See footnote) - Other
Units
2024-11-18−40,000→ 104,390 total(indirect: See footnote)→ Class A Common Stock (40,000 underlying) - Sale
Class A Common Stock
2024-11-19$65.22/sh−5,000$326,125→ 12,177 total - Other
Class A Common Stock
2024-11-18+40,000→ 40,000 total(indirect: See footnote)
Footnotes (6)
- [F1]On November 18, 2024 the Reporting Person redeemed 5,000 units representing limited liability interests ("Units") in Cactus Companies, LLC ("Cactus Companies") pursuant to the Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies (the "Cactus Companies LLC Agreement"). In connection with this redemption, Cactus Companies cancelled 5,000 Units, and Cactus, Inc (the "Company") cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 5,000 shares of Class A Common Stock.
- [F2]On November 18, 2024 the Reporting Person redeemed 40,000 units representing limited liability interests ("Units") in Cactus Companies, LLC ("Cactus Companies") pursuant to the Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies (the "Cactus Companies LLC Agreement"). In connection with this redemption, Cactus Companies cancelled 40,000 Units, and Cactus, Inc (the "Company") cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 40,000 shares of Class A Common Stock.
- [F3]The securities reported in this item are directly owned by trusts established for the benefit of the Reporting Person and members of his family.
- [F4]"Units" mean ownership interests in Cactus Companies. The Issuer is the sole managing member of Cactus Companies.
- [F5]The Cactus Companies LLC Agreement provides the holders of Units with certain rights to cause Cactus Companies to acquire all or at least a minimum portion of their Units for, at Cactus Companies election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.
- [F6]Upon the exercise of the Redemption Right, the Issuer (instead of Cactus Companies) has the right (the "Call Right") to acquire each tendered Unit directly from the exchanging Unit holder for, at its election,(x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.
Documents
Issuer
Cactus, Inc.
CIK 0001699136
Entity typeother
Related Parties
1- filerCIK 0001501970
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 6:43 PM ET
- Size
- 19.1 KB