President Joel Bender unloads $6.4M in stock at $63.89, deepening the post-earnings insider selling wave
WHD has more than doubled off its 52-week low of $33.2 on light trading volume (0.1× avg).
Summary
Cactus President Joel Bender sold $6.39 million in stock at $63.89 per share on August 3, a much larger sale than his prior one and part of a cluster of insider selling following strong Q2 earnings.
Key Events · Ownership and Investor Activity · WHD
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President Sells $6.4M in Stock
Joel Bender sold 100,000 shares at $63.89 each, totaling $6.39 million, on August 3, 2026. This is a substantial increase from his $732K sale on July 27.
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Part of Broader Insider Selling Wave
The sale follows CEO Scott Bender's $732K sale on July 27 and officer Stephen Tadlock's Form 144 filing to sell $2.46 million, all after strong Q2 earnings.
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Executed Under 10b5-1 Plan
The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan, which provides some defense against accusations of opportunistic timing.
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Stock Near 52-Week High
The sale occurred with the stock at $63.89, near its 52-week high of $68.00, following a post-earnings rally.
Analysis · WHD · Energy & Transportation
Just days after Cactus reported blowout Q2 results, President Joel Bender sold 100,000 shares for $6.39 million at $63.89 per share on August 3. The transaction is nearly nine times larger than his $732K sale on July 27 and adds to a growing pattern of insider selling—CEO Scott Bender also sold $732K on July 27, and officer Stephen Tadlock filed a Form 144 to sell $2.46 million. While the sale was executed under a pre-existing 10b5-1 plan, which somewhat mitigates the signal, it does not eliminate the optics of a key insider reducing exposure after a strong earnings-driven rally that has the stock trading near its 52-week high.
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 8 out of 10.