The CEO and President simultaneously selling $12.4M of stock with no plan disclosure is a strong bearish signal. Monitor for upcoming earnings, guidance changes, or operational issues that may have prompted this cluster.
Price Chart
Executive Summary
Cactus, Inc. Chairman/CEO Scott Bender and President Joel Bender each sold 100,000 shares on October 1, 2026, at $61.97, totaling $12.39M in open-market sales. This represents approximately 3.8% of the company's $326M market cap, a highly material insider sell cluster. The sales are not plan-driven (no 10b5-1 indication) and involve the two most senior executives, signaling potential bearish sentiment ahead of upcoming events.
Key Financial Metrics
Key Facts
- Chairman/CEO Scott Bender sold 100,000 shares ($6.20M) on 2026-10-01
- President Joel Bender sold 100,000 shares ($6.20M) on 2026-10-01
- Total insider sales: $12.39M, ~3.8% of $326M market cap
- No 10b5-1 plan indicated; sales are open-market (code S)
- Sales occurred in a tight 1-day window, suggesting coordinated action
Financial Impact
Insider sales of $12.39M represent 3.8% of market cap, a highly material signal
Risk Factors
- Potential undisclosed negative catalyst (earnings miss, contract loss, regulatory issue)
- Insiders may have personal liquidity needs, but simultaneous large sales by both top executives is unusual
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WHD-1790977830210 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | Insider Cluster | $64.75 $64.17 | ▲ +0.90% | ▲ +1.45% | $64.34 (+0.63%) |
Sep 2, 2026 7w ago | Insider Cluster | $71.64 $70.16 | ▼ −2.07% | ▼ −1.68% | $64.34 (−10.19%) |
Aug 6, 2026 11w ago | Insider Cluster | $68.54 $67.90 | ▲ +0.93% | ▲ +1.55% | $64.34 (+6.13%) |
Aug 6, 2026 11w ago | Insider Cluster | $68.54 $67.90 | ▼ −0.93% | ▼ −1.55% | $64.34 (−6.13%) |
Aug 5, 2026 11w ago | 3 | $65.91 $68.54 | ▲ +3.99% | ▲ +4.15% | $64.34 (−2.38%) |
Aug 3, 2026 12w ago | Insider Cluster | $67.21 $65.91 | ▲ +1.93% | ▲ +1.73% | $64.34 (+4.27%) |
Aug 3, 2026 12w ago | Insider Cluster | $67.21 $65.91 | ▼ −1.93% | ▼ −1.73% | $64.34 (−4.27%) |
Jul 29, 2026 12w ago | Insider Cluster | $62.00 $65.01 | ▲ +4.85% | ▲ +4.15% | $64.34 (+3.77%) |
Jul 29, 2026 12w ago | 8-K | $62.00 $65.01 | ▲ +4.85% | ▲ +4.15% | $64.34 (+3.77%) |
Jul 2, 2026 16w ago | Court Ruling | $50.49 $51.96 | ▼ −2.91% | ▼ −3.39% | $64.34 (−27.43%) |
US Market Status
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