Cactus President Joel Bender sold approximately 100,000 shares of Class A Common Stock on August 3, 2026, for a total value of $6.4 million, according to an SEC filing. The sale was executed through Bender Investment Company as part of a non-discretionary Rule 10b5-1 trading plan following the redemption of units in Cactus WH Enterprises, and it reduced his direct holdings by 71% while leaving his total equity exposure at roughly 9.3 million shares when including indirect interests. The transaction occurred after the stock delivered a 61% total return over the prior 12 months, and the company recently reported second-quarter 2026 revenue of nearly $450 million, up 64% year over year and beating analyst estimates by more than 12%. Cactus, which specializes in wellhead and pressure management equipment for the oil and gas industry, carries no debt and has a market capitalization of $4.7 billion.
Cactus IncPresident sold 100k shares, reducing direct holdings by 71%, despite strong earnings and stock performance.
