Is Cactus Stock a Buy After Its President Cashed Out 100,000 Shares Amid a Blowout Quarter?
Direct holdings fell 71% through a pre-arranged trading plan, yet Bender retains ~9.3 million shares indirectly, maintaining substantial alignment with the energy equipment company.
Overview
Joel Bender, President of Cactus (NYSE:WHD), sold ~100,000 shares of Class A Common Stock on August 3, 2026, for a total value of $6.4 million, according to the SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($63.89); post-transaction value based on August 03, 2026 market close ($63.84).
Details
Cactus specializes in the engineering, fabrication, distribution, and leasing of critical subsurface pressure management and wellhead apparatus. The company operates across key international markets such as the United States, Australia, China, and the Kingdom of Saudi Arabia.
Source
Originally published at www.fool.com.