InsiderTrades

Form 4 for WHD Cactus, Inc.

Accepted 2021-09-15 00:00:00 ET · period of report 2021-09-13 · accession 0001699136-21-000179 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DM 2021-09-15 2021-09-14 WHD Tadlock Stephen VP, CFO, Treas J - Other — 0 0 New —
D 2021-09-15 2021-09-13 WHD Tadlock Stephen VP, CFO, Treas A - Grant — +13.7K 13.7K New —
D 2021-09-15 2021-09-14 WHD Tadlock Stephen VP, CFO, Treas J - Other — -13.7K 0 -100% —
D 2021-09-15 2021-09-13 WHD Tadlock Stephen VP, CFO, Treas A - Grant — +13.7K 13.7K New —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2021-09-14 J A 13,686 — 84,129 D — — (F2) On September 14, 2021, the Reporting Person redeemed 13,686 Units pursuant to the First Amended and Restated Limited Liability Company Operating Agreement of Cactus LLC. In connection with this redemption, Cactus LLC cancelled 13,686 Units, and the Company cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 13,686 shares of Class A Common Stock.
2 Common Class B Common Stock 2021-09-14 J D 13,686 — 0 D — — (F2) On September 14, 2021, the Reporting Person redeemed 13,686 Units pursuant to the First Amended and Restated Limited Liability Company Operating Agreement of Cactus LLC. In connection with this redemption, Cactus LLC cancelled 13,686 Units, and the Company cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 13,686 shares of Class A Common Stock.
3 Common Class B Common Stock 2021-09-13 A A 13,686 — 13,686 D — — (F1) On September 13, 2021, Cadent Energy Partners II-GP, L.P., an entity in which the Reporting Person was a limited partner, transferred to the Reporting Person 13,686 shares of the Class B common stock, par value $0.01 per share ("Class B Common Stock"), of Cactus, Inc. (the "Company") and a corresponding number of units representing limited liability company interests ("Units") in Cactus Wellhead, LLC ("Cactus LLC") as part of a pro rata distribution to its limited partners in accordance with the governing documents of Cadent Energy Partners II-GP, L.P.
4 Derivative Units 2021-09-14 J D 13,686 — 0 D — · — to — 13,686 Class A Common Stock (F3) "Units" mean ownership interests in Cactus LLC. The Company is the sole managing member of Cactus LLC. (F2) On September 14, 2021, the Reporting Person redeemed 13,686 Units pursuant to the First Amended and Restated Limited Liability Company Operating Agreement of Cactus LLC. In connection with this redemption, Cactus LLC cancelled 13,686 Units, and the Company cancelled a corresponding number of shares of its Class B Common Stock and issued to the Reporting Person 13,686 shares of Class A Common Stock. (F5) Upon the exercise of the Redemption Right, the Issuer (instead of Cactus LLC) has the 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. (F4) The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's 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 (the "Redemption Right"). The Reporting Person exercised his Redemption Right with respect to Units owned by him.
5 Derivative Units 2021-09-13 A A 13,686 — 13,686 D — · — to — 13,686 Class A Common Stock (F3) "Units" mean ownership interests in Cactus LLC. The Company is the sole managing member of Cactus LLC. (F1) On September 13, 2021, Cadent Energy Partners II-GP, L.P., an entity in which the Reporting Person was a limited partner, transferred to the Reporting Person 13,686 shares of the Class B common stock, par value $0.01 per share ("Class B Common Stock"), of Cactus, Inc. (the "Company") and a corresponding number of units representing limited liability company interests ("Units") in Cactus Wellhead, LLC ("Cactus LLC") as part of a pro rata distribution to its limited partners in accordance with the governing documents of Cadent Energy Partners II-GP, L.P. (F5) Upon the exercise of the Redemption Right, the Issuer (instead of Cactus LLC) has the 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. (F4) The first amended and restated limited liability company operating agreement of Cactus LLC provides the holders of Units with certain rights to cause Cactus LLC to acquire all or at least a minimum portion of their Units for, at Cactus LLC's 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 (the "Redemption Right"). The Reporting Person exercised his Redemption Right with respect to Units owned by him.