This is a routine director share sale for tax or diversification purposes. No material read-through for WHD stock. Monitor for any subsequent Form 4 filings to confirm execution, but no trading action warranted.
Price Chart
Executive Summary
Director Michael Y. McGovern filed a Form 144 notice of intent to sell 12,000 shares of Cactus, Inc. (WHD) Class A Common, with an estimated aggregate market value of $672,000 based on a $56.00 per share price. The shares were acquired in lieu of director service fees between 2022 and 2026, and the sale represents a small fraction of his total holdings (~1.7% of 69,418,430 shares outstanding). This is a routine insider sale by a non-executive director with no material impact on the company's fundamentals.
Key Facts
- Director Michael Y. McGovern filed Form 144 to sell 12,000 shares of Class A Common
- Estimated aggregate market value of proposed sale: $672,000
- Shares acquired in lieu of director service fees from 2022 to 2026
- Total shares outstanding: 69,418,430 — proposed sale represents ~0.017% of total
- Sale intended for NYSE execution through Merrill Lynch
- Filing date: May 12, 2026
Financial Impact
Proposed sale of 12,000 shares valued at $672,000 — immaterial relative to $4.5B market cap
Risk Factors
- Insider selling could be misinterpreted by the market as a negative signal, though the small size and director status make this unlikely
- No other material risks identified from this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-033977 |
| Document: 0001628280-26-033977-index.html | 0001628280-26-033977 |
| Document: 0001628280-26-033977.txt | 0001628280-26-033977 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $71.64 $63.44 | ▼ −11.45% | ▼ −10.26% | $62.19 (−13.19%) |
Aug 6, 2026 8w ago | Insider Cluster | $68.54 $71.64 | ▼ −4.52% | ▼ −3.92% | $62.19 (+9.26%) |
Aug 6, 2026 8w ago | Insider Cluster | $68.54 $71.64 | ▲ +4.52% | ▲ +3.92% | $62.19 (−9.26%) |
Aug 5, 2026 8w ago | 3 | $65.91 $72.14 | ▲ +9.45% | ▲ +10.05% | $62.19 (−5.64%) |
Aug 3, 2026 8w ago | Insider Cluster | $67.21 $70.69 | ▼ −5.18% | ▼ −6.42% | $62.19 (+7.47%) |
Aug 3, 2026 8w ago | Insider Cluster | $67.21 $70.69 | ▲ +5.18% | ▲ +6.42% | $62.19 (−7.47%) |
Jul 29, 2026 9w ago | Insider Cluster | $62.00 $68.53 | ▲ +10.53% | ▲ +6.57% | $62.19 (+0.31%) |
Jul 29, 2026 9w ago | 8-K | $62.00 $68.53 | ▲ +10.53% | ▲ +6.57% | $62.19 (+0.31%) |
Jul 2, 2026 13w ago | Court Ruling | $50.42 $62.00 | ▼ −22.97% | ▼ −23.38% | $62.19 (−23.34%) |
Jun 2, 2026 17w ago | 8-K | $58.80 $50.42 | ▼ −14.25% | ▼ −13.25% | $62.19 (+5.77%) |
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