Cactus CEO Scott Bender Sells $7M in Stock at $70.37 Under 10b5-1 Plan
WHD has more than doubled off its 52-week low of $33.2.
Summary
Cactus CEO Scott Bender sold $7.04 million in stock at $70.37 per share on September 1, 2026, under a 10b5-1 plan, as part of a Unit redemption.
Key Events · Ownership and Investor Activity · WHD
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CEO Sells $7.04M in Open Market
Scott Bender sold 100,000 Class A shares at $70.37 per share on September 1, 2026, for total proceeds of $7,037,200 under a Rule 10b5-1 trading plan.
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Unit Redemption Converts to Class A
Bender Investment Company redeemed 100,000 Units and corresponding Class B shares for 100,000 Class A shares, with the Class B shares cancelled by the issuer.
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Post-Transaction Holdings
Following the transactions, Bender beneficially owns 9,161,249 shares of Class B Common Stock and an equal number of Units through Cactus Enterprises.
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Insider Selling Pattern Continues
This sale adds to a wave of insider selling since late July, with over $27.8 million in open-market sales by five insiders in the last 90 days.
Analysis · WHD · Energy & Transportation
CEO Scott Bender sold 100,000 Class A shares for $7.04 million at $70.37 on September 1, 2026, under a pre-existing Rule 10b5-1 trading plan. The sale is part of a broader redemption of ownership interests in Cactus WH Enterprises, LLC, where Bender Investment Company redeemed 100,000 Units and corresponding Class B shares for Class A shares. This continues a pattern of insider selling following strong Q2 results, with the stock trading near its 52-week high of $74.07.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WHD was trading at $72.14 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $33.20 to $74.07. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.