The simultaneous open-market sales by both the CEO and President within days of a Q3 guidance cut is a bearish signal, though the dollar amount is modest relative to market cap. Monitor for further insider selling or a guidance revision. The cross-filing earnings context amplifies the signal — the cluster is not routine liquidity given the proximity to negative forward guidance.
Price Chart
Executive Summary
Cactus, Inc. insiders — Chairman/CEO Scott Bender and President Joel Bender — sold a combined ~$10M in open-market shares on July 30 and August 3, 2026, just days after the company reported Q2 revenue up 64% YoY but guided Q3 down sequentially with margin compression. The sales represent ~0.19% of the $5.4B market cap, a modest but notable cluster, and are amplified by the proximity to earnings and the fact that both C-suite executives sold simultaneously. The non-cash equity grants and exercises on August 3 are routine compensation events and do not offset the selling signal.
Key Financial Metrics
Key Facts
- Chairman/CEO Scott Bender sold 100,000 shares at $63.89 ($6.39M) on Aug 3, 2026
- President Joel Bender sold 100,000 shares at $63.89 ($6.39M) on Aug 3, and 86,700 shares at $57.62 ($5.0M) on Jul 30
- Total open-market sales by insiders: ~$9.99M, or ~0.19% of $5.4B market cap
- Q2 2026 revenue grew 64% YoY to $449.5M, but operating margin compressed to 18.6% from 22.2%
- Management guided Q3 consolidated revenues down sequentially
- Non-cash equity grants/awards to Bender, Bender, and Tadlock on Aug 3 are routine compensation — no economic signal
Financial Impact
Insider sales of ~$10M represent 0.19% of market cap — modest but notable for a C-suite cluster
Risk Factors
- Insider sales may be part of pre-arranged 10b5-1 plans, reducing informational content
- Q2 revenue growth of 64% YoY is strong, and the sequential Q3 guidance dip may be seasonal
- The ~0.19% of market cap sold is below the 0.5% threshold for 'significant' — the signal is modest
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WHD-1785939803412 |
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%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access