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Filing Details

Accession Number:: 0001699136-23-000111
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-23 17:57:44
Reporting Period:: 2023-08-21

Accepted Time:: 2023-08-23 17:57:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1699136	Cactus Inc.	WHD	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1501970	M Bruce Rothstein	920 Memorial City Way Suite 300 Houston TX 77024		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Common Stock	Disposition	2023-08-21	5,000	$0.00	22,796	No	4	D	Direct
Class A Common Stock	Acquisiton	2023-08-21	5,000	$0.00	15,140	No	4	J	Direct
Class A Common Stock	Disposition	2023-08-21	5,000	$51.01	10,140	No	4	S	Direct
Class B Common Stock	Disposition	2023-08-21	40,000	$0.00	145,110	No	4	D	Indirect	See footnote
Class A Common Stock	Acquisiton	2023-08-21	40,000	$0.00	40,000	No	4	J	Indirect	See footnote
Class A Common Stock	Disposition	2023-08-21	40,000	$51.01	0	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	D	Direct
No	4	J	Direct
No	4	S	Direct
No	4	D	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Units	Disposition	2023-08-21	5,000	$0.00	5,000	$0.00
Class A Common Stock	Units	Disposition	2023-08-21	40,000	$0.00	40,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
22,796			No	4	J	Direct
145,110			No	4	J	Indirect

Footnotes

On August 21, 2023, the Reporting Person redeemed 5,000 units representing limited liability interests ("Units") in Cactus Companies, LLC ("Cactus Companies") pursuant to the Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies (the "Cactus Companies LLC Agreement"). In connection with this redemption, Cactus Companies cancelled 5,000 Units, and Cactus, Inc (the "Company") cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 5,000 shares of Class A Common Stock.
On August 21, 2023, the Reporting Person redeemed 40,000 units representing limited liability interests ("Units") in Cactus Companies, LLC ("Cactus Companies") pursuant to the Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies (the "Cactus Companies LLC Agreement"). In connection with this redemption, Cactus Companies cancelled 40,000 Units, and Cactus, Inc (the "Company") cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 40,000 shares of Class A Common Stock.
The securities reported in this item are directly owned by trusts established for the benefit of the Reporting Person and members of his family.
"Units" mean ownership interests in Cactus Companies. The Issuer is the sole managing member of Cactus Companies.
The Cactus Companies LLC Agreement provides the holders of Units with certain rights to cause Cactus Companies to acquire all or at least a minimum portion of their Units for, at Cactus Companies election, (x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.
Upon the exercise of the Redemption Right, the Issuer (instead of Cactus Companies) has the right (the "Call Right") to acquire each tendered Unit directly from the exchanging Unit holder for, at its election,(x) shares of Class A Common Stock at a redemption ratio of one share of Class A Common Stock for each Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions, or (y) an equivalent amount of cash.