Cactus president Joel Bender sells $4.99m of company stock

Cactus, Inc. (NASDAQ:WHD) President Joel Bender sold 86,700 shares of the company's Class A Common Stock on July 30, 2026, for roughly $4.99 million. The shares were sold at $57.618 per share, following a Rule 10b5-1 trading plan set by Bender Investment Company. The sale saw Bender's direct holdings drop to 41,519 shares. Since the transaction, WHD shares have climbed 27%, reaching $73.28 and nearing a 52-week high of $74.04.

WHD's stock is currently 87% higher than a year ago. Despite the transaction, Cactus, Inc. reported strong financial results for Q2 2026, beating expectations with adjusted earnings of $0.93 per share and revenue of $449.5 million. The company raised its dividend by 7% to $0.15 per share, marking the fourth consecutive year of increases.

Cactus experienced robust growth in the Pressure Control and Spoolable Technologies segments, boosted by international demand and increased U.S. activity, resulting in higher adjusted EBITDA and margins. Management has also lifted full-year capital spending guidance, signaling confidence in the company's growth prospects.