Cactus President Joel Bender Sells $7M in Stock Near 52-Week High
WHD has more than doubled off its 52-week low of $33.2.
Summary
Cactus President Joel Bender sold $7.04 million in stock at $70.37 per share on September 1, 2026, under a 10b5-1 plan, adding to a wave of insider selling near the stock's 52-week high.
Key Events · Ownership and Investor Activity · WHD
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President Sells $7M in Stock
Joel Bender sold 100,000 Class A shares for $7,037,200 at $70.37 per share on September 1, 2026, under a pre-existing 10b5-1 trading plan.
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Redemption of Units for Class A Shares
Bender Investment Company redeemed 100,000 Units and corresponding Class B shares for 100,000 Class A shares, part of an ongoing restructuring of the dual-class ownership structure.
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Insider Selling Wave Continues
This sale adds to over $27.8 million in open-market insider sales over the past 90 days, including multiple sales by Bender and CEO Scott Bender following strong Q2 earnings.
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Stock Near 52-Week High
The sale occurred at $70.37, just below the 52-week high of $74.07, suggesting insiders are monetizing gains at elevated prices.
Analysis · WHD · Energy & Transportation
President Joel Bender sold 100,000 Class A shares for $7.04 million at $70.37 on September 1, 2026, under a pre-existing 10b5-1 plan. The sale comes as the stock trades near its 52-week high of $74.07, and follows a wave of insider selling by Bender and CEO Scott Bender after blowout Q2 earnings. The transaction also involved a redemption of 100,000 Units and corresponding Class B shares for Class A shares, part of an ongoing restructuring of the company's dual-class ownership structure. While the sale is pre-planned and represents a modest 0.12% of shares outstanding, it adds to a pattern of distribution by key insiders that has totaled over $27.8 million in open-market sales over the past 90 days.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. 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.