Cactus CEO Scott Bender Sells $6.4M in Stock Near 52-Week High
WHD has more than doubled off its 52-week low of $33.2 on light trading volume (0.1× avg).
Summary
Cactus CEO Scott Bender sold $6.4 million in stock at $63.89, adding to a wave of insider selling after blowout Q2 earnings. The sale was executed under a 10b5-1 plan.
Key Events · Ownership and Investor Activity · WHD
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CEO Sells $6.4M in Open Market
Scott Bender sold 100,000 shares at $63.89, generating $6,388,800. The sale occurred on August 3, 2026, under a Rule 10b5-1 trading plan.
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Part of Broader Insider Selling Wave
This sale follows $732K sales by both the CEO and President on July 27, and a $2.46M planned sale by another officer. Net insider selling over the past 90 days totals $12.7M.
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Complex Redemption and Exchange Transactions
The filing also reports the redemption of 100,000 LLC Units for Class A shares and the cancellation of corresponding Class B shares, part of a structural exchange by Bender Investment Company.
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Post-Transaction Holdings Remain Substantial
After the transactions, Scott Bender beneficially owns 9,286,249 shares of Class B Common Stock and an equivalent number of Units, maintaining significant economic exposure.
Analysis · WHD · Energy & Transportation
CEO Scott Bender sold 100,000 shares for $6.4 million at $63.89, just below the 52-week high, under a pre-existing 10b5-1 plan. This sale is part of a broader insider distribution pattern following strong Q2 results, with multiple insiders selling in recent weeks. The transaction also involved a complex redemption of LLC Units and exchange of Class B for Class A shares, but the open-market sale is the primary market signal.
At the time of this filing, WHD was trading at $67.27 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $33.20 to $68.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.