Scott Bender, Chairman and CEO of Cactus, Inc. (NYSE:WHD), filed a Form 4 on November 3, 2026, disclosing a series of transactions dated November 2, 2026, including a sale of 100,000 shares of Class A Common Stock at $63.914 per share under a Rule 10b5-1 trading plan.

Key Highlights

  • Sale price and volume: Bender Investment Company (BIC), in which Bender holds an ownership interest, sold 100,000 shares of Class A Common Stock at $63.914 per share on November 2, 2026.
  • 10b5-1 plan: According to the filing, the sale was made pursuant to a Rule 10b5-1 trading plan.
  • Unit redemption: BIC redeemed ownership interests in Cactus WH Enterprises, LLC, receiving 100,000 Units and a corresponding number of Class B Common Stock shares, which were then exchanged for 100,000 shares of Class A Common Stock.
  • Class B shares cancelled: The 100,000 Class B Common Stock shares associated with the redeemed Units were cancelled by the issuer.
  • Post-transaction ownership: Following all reported transactions, Bender is reported to indirectly beneficially own 8,961,249 shares of Class B Common Stock and 8,961,249 Units held by Cactus Enterprises, plus 120,527 shares of Class A Common Stock held directly.
  • Disclaimer: The filing states Bender "disclaims beneficial ownership of any securities that he does not directly own, except to the extent of his indirect pecuniary interest therein."

Cactus, Inc. Chairman and CEO Bender Executes Unit Redemption and Share Sale on November 2, 2026

According to the Form 4 filed with the SEC on November 3, 2026, Scott Bender, who serves as Chairman and CEO of Cactus, Inc. (NYSE:WHD) and is also identified as a Director and 10% Owner, carried out several linked transactions on November 2, 2026. The transactions involved Bender Investment Company (BIC), a Nevada corporation the filing identifies as controlled by Bender. BIC redeemed a portion of its ownership interests in Cactus WH Enterprises, LLC, which resulted in Cactus Enterprises distributing 100,000 Units and a corresponding 100,000 shares of Class B Common Stock to BIC.

As described in the filing, those 100,000 Units and the corresponding Class B shares were then redeemed for 100,000 shares of Class A Common Stock, with the Class B shares cancelled by the issuer. The filing notes that Cactus, Inc. did not exercise its "Call Right" in connection with the redemptions. Following that conversion, BIC sold 100,000 shares of Class A Common Stock at $63.914 per share under a Rule 10b5-1 trading plan. Bender's direct beneficial ownership of Class A Common Stock after all reported transactions stands at 120,527 shares, according to the filing.

The filing reports that the securities held by Cactus Enterprises are directly owned by that entity, and Bender's indirect interest is reported by reason of Rule 16a-1 of the Securities Exchange Act of 1934. The entire amount held by Cactus Enterprises is reported in the filing in accordance with Instruction 4(b)(iv). The filing was signed by William Marsh as Attorney-in-Fact for Scott Bender on November 3, 2026.

What Was Disclosed

The filing disclosed a Unit redemption by BIC converting Class B shares into Class A shares, followed by a sale of 100,000 Class A shares at $63.914 each under a 10b5-1 plan. Post-transaction, Bender indirectly holds 8,961,249 Class B shares and directly holds 120,527 Class A shares.