Sara Appino, The Motley Fool
Wed, August 5, 2026 astatine 11:23 AM CDT 4 min read
Joel Bender, President of Cactus (NYSE:WHD), sold ~100,000 shares of Class A Common Stock connected August 3, 2026, for a full worth of $6.4 million, according to the SEC Form 4 filing.
Transaction summary
Transaction worth based connected SEC Form 4 weighted mean merchantability terms ($63.89); post-transaction worth based connected August 03, 2026 marketplace adjacent ($63.84).
Company snapshot
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Sector: Energy
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Industry: Oil & Gas Equipment & Services
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Market capitalization: $4.7 cardinal
Cactus specializes successful the engineering, fabrication, distribution, and leasing of captious subsurface unit absorption and wellhead apparatus. The institution operates crossed cardinal planetary markets specified arsenic the United States, Australia, China, and the Kingdom of Saudi Arabia.
Key questions
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How does this transaction impact the executive's wide alignment with the company?
While the merchantability importantly reduced nonstop ownership, Joel Bender maintains a important equity presumption of ~9.3 cardinal shares held indirectly done Cactus Enterprises and Bender Investment Company. -
What was the structural quality of this stock disposition?
The transaction was portion of a non-discretionary Rule 10b5-1 trading plan, involving a redemption process wherever Bender Investment Company converted ownership units successful Cactus WH Enterprises into Class A Common Stock for contiguous liquidation. -
What is the existent valuation discourse for Cactus shares?
As of the August 4, 2026 marketplace close, the banal was priced astatine $67.21, which sits supra the $63.89 weighted mean execution terms reported successful the filing and the $63.84 closing terms connected the time of the trade.
Company Overview
Company Snapshot
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Cactus specializes successful the engineering, fabrication, distribution, and leasing of captious subsurface unit absorption and wellhead apparatus, including proprietary systems specified arsenic Cactus SafeDrill wellheads, SafeLink monobore, SafeClamp, and SafeInject systems, arsenic good arsenic frac stacks and zipper manifold equipment.
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The institution generates gross done a diversified concern exemplary encompassing instrumentality sales, strategy distribution, and instrumentality leasing services to lipid and state operators crossed aggregate geographic markets.
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Cactus serves large lipid and state operators and exploration companies crossed cardinal planetary markets including the United States, Australia, China, and the Kingdom of Saudi Arabia, positioning itself arsenic a captious supplier of wellhead and unit absorption solutions to the planetary vigor sector.

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