{
  "id": 18072801,
  "title": "Cactus Inc. president Joel Bender sells $6.39M in class A stock",
  "url": "https://urgent.news/2026/11/04/cactus-inc-president-joel-bender-sells-6-39m-in-class-a-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T05:31:18.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/cactus-inc-president-joel-bender-sells-639m-in-class-a-stock-93CH-4997365"
  },
  "original_language": "en",
  "account": "Cactus Inc. President Joel Bender, a 10% owner, recently sold 100,000 shares of the company's Class A Common Stock, amounting to roughly $6.39 million. The sale occurred on November 2, 2026, and was executed under a pre-established Rule 10b5-1 trading plan. The shares were priced at $63.914, slightly above the current market price of $62.03, which is in line with InvestingPro's fair value assessment. Cactus Inc. is valued at around $5 billion, boasting a P/E ratio of 42.57 and substantial cash reserves that exceed its debt. The company has a strong track record of consecutive dividend increases. The transaction was part of a series involving the redemption of ownership interests, during which Bender Investment Company, controlled by Bender, exchanged 100,000 Units for Class A shares. Following these transactions, Bender is now believed to own a significant stake in the company. Despite a slight revenue shortfall, Cactus Inc. demonstrated improved margins and increased backlog, with a notable performance from the Spoolable Technologies division. The company is also planning expansion, including a new manufacturing facility in the Middle East and enhanced capacity at its Baytown site. These strategic moves highlight Cactus Inc.'s commitment to growth and operational efficiency.",
  "summary": null,
  "key_points": [
    "Joel Bender, Cactus Inc. president, sold $6.39M in Class A stock.",
    "Sale executed on November 2, 2026, under Rule 10b5-1 plan.",
    "Shares priced at $63.914, above current market price of $62.03."
  ],
  "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."
}