Cactus President Joel Bender Restructures $40M in Equity Holdings, Converting Indirect Interests to Class A Shares
WHD sits 51% above its 52-week low of $33.2.
Summary
Cactus, Inc. President Joel Bender executed internal equity transactions valued at over $40 million, converting indirect ownership interests into direct Class A Common Stock holdings.
Key Events · Ownership and Investor Activity · WHD
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Internal Equity Restructuring
President Joel Bender converted indirect ownership interests, specifically Units in Cactus Companies, LLC and Class B Common Stock, into direct holdings of Class A Common Stock.
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Significant Transaction Value
The total value of these internal equity transactions exceeded $40 million, representing a material change in the form of the insider's holdings.
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Key Insider Activity
The transactions were executed by Joel Bender, who holds multiple key roles as President, Director, and a 10% Owner of Cactus, Inc.
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Ownership Structure Clarification
This filing clarifies the insider's direct stake in the publicly traded Class A shares, providing transparency on the equity structure.
Analysis · WHD · Energy & Transportation
This Form 4 filing details a significant internal equity restructuring by Joel Bender, who serves as President, Director, and a 10% Owner of Cactus, Inc. The transactions, valued at over $40 million, involved converting indirect ownership interests (Units in Cactus Companies, LLC and Class B Common Stock) into direct holdings of Class A Common Stock. While substantial in value, these are internal conversions rather than open-market purchases or sales, meaning they do not directly signal bullish or bearish conviction. However, they clarify the insider's direct stake in the publicly traded entity, which is important for understanding the company's ownership structure, especially following the recent 10-K filing detailing a decline in revenue and net income.
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 $50.02 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4B. The 52-week trading range was $33.20 to $59.25. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.