{
  "id": 18072799,
  "title": "Cactus chairman and CEO Scott Bender sells $6.39M in class A stock",
  "url": "https://urgent.news/2026/11/04/cactus-chairman-and-ceo-scott-bender-sells-6-39m-in-class-a-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T05:31:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/cactus-chairman-and-ceo-scott-bender-sells-639m-in-class-a-stock-93CH-4997367"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "CEO Scott Bender sold $6.39M in Class A shares on November 2, 2026",
    "Shares sold at $63.914 each, up 37% YTD and 45% YoY",
    "Sale executed under Rule 10b5-1 plan, with no beneficial ownership claim"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}