Cactus chairman and CEO Scott Bender sells $6.39M in class A stock
Cactus CEO Scott Bender sold 100,000 Class A shares on November 2, 2026 for about $6.39 million. The shares were sold at $63.914 each, trading at $62.03 with a 37% year-to-date increase and 45% year-over-year growth. Cactus's market capitalization is current at $4.98 billion. According to InvestingPro, the stock is trading close to its fair value, indicating fair pricing.
Bender's corporation, BIC, executed the sale under a Rule 10b5-1 plan. Bender owns a portion of BIC and claims no beneficial ownership of the sold shares, except for his pecuniary interest. This sale comes after a series of transactions where BIC bought back 100,000 shares, redeemed Cactus Enterprises shares, and canceled corresponding Class B shares.
Post all transactions, Bender is believed to own 8.96 million Class B shares and 8.96 million Units indirectly. His direct ownership of Class A shares now stands at 120,527. Analysts generally view Cactus positively, with price targets ranging from $57 to $83 per share. Cactus holds more cash than debt and has increased dividends for eight consecutive years.
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