WHD 144 SEC Filing Analysis

Latest settled — T+5d

WHD ▼ -6.83% at T+5d

NEUTRAL call ✗ call lost -6.83% · α vs SPY -8.50% · entry $62.26 → $58.01

Next anchor: T+20d in 13d

Last close $59.38 (close Jun 8) · -4.63% from $62.26 entry

Entry anchored
May 22, 12:56 PM ET
via Databento tick

T+1d

+0.77%

call +0.77% · α +0.19%

$62.74

settled 15d ago

T+5d

-6.83%

call -6.83% · α -8.50%

$58.01

settled 9d ago

T+20d

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call — · α —

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in 13d

T+60d

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call — · α —

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in 2mo

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Executive Summary

Director Bruce Rothstein filed a Form 144 to sell 62,186 Class A shares of Cactus, Inc. The filing notes the shares were acquired through a redemption of Class B units, suggesting the sale is tied to a share conversion rather than a discretionary insider liquidation. At WHD's current ~$80/share, the proposed sale is approximately $5M, representing a small fraction of a director's likely holdings. This is a routine conversion-and-sell pattern, not a concerning insider signal.

Actionable Insight

Monitor the Form 4 filing to confirm whether the sale actually executed; a director converting Class B equity and selling a portion is standard structure. No actionable signal — not a concern unless followed by unexpected C-suite sales or a cluster of director sells of similar nature within 30 days.

Key Facts

Bruce Rothstein, a director, proposes to sell 62,186 Class A shares via a Form 144 filed 2026-05-22.
Shares were acquired through redemption of Class B units — a conversion event, not an open-market purchase.
Sale is proposed through Merrill Lynch at approximately $5M based on current market price (~$80/share).
Recent insider activity (30d) shows 2 other sells totaling $1.3M, suggesting modest ongoing insider liquidity rather than a panic.

Financial Impact

Approximately $5M proposed sale at current ~$80/share, small relative to director's total holdings and WHD's $5B market cap.

insider holdings

Risk Factors

If Rothstein or other directors accelerate selling in subsequent weeks, it could signal reduced conviction not evident from this standalone conversion-related filing.

Market Snapshot

Exchange

NYSE

Sector

Oil & Gas Field Machinery & Equipment

Analyst Consensus

69% bullish (13 analysts)

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

Document	Accession Number
144 Filing (Primary)	0001628280-26-037619
Document: 0001628280-26-037619-index.html	0001628280-26-037619
Document: 0001628280-26-037619.txt	0001628280-26-037619

8 reports for WHD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for WHD — sortable, filterable
	Type				Now
Jun 2, 2026 7d ago	8-K NEUTRAL ★ 4/10	$58.80 $58.88	▲ +0.14%	▼ −0.26%	$59.38 (+0.99%)
May 22, 2026 18d ago	144 NEUTRAL ★ 2/10	$62.26 $62.74	▲ +0.77%	▲ +0.19%	$59.38 (−4.63%)
May 13, 2026 27d ago	3 NEUTRAL ★ 2/10	$57.69 $56.82	▼ −1.50%	▼ −0.28%	$59.38 (+2.93%)
May 12, 2026 28d ago	144 NEUTRAL ★ 2/10	$57.23 $56.07	▼ −2.03%	▼ −2.60%	$59.38 (+3.76%)
May 7, 2026 4w ago	8-K MIXED ★ 5/10	$56.13 $54.14	▼ −3.55%	▼ −4.38%	$59.38 (+5.79%)
Mar 5, 2026 13w ago	Insider Cluster NEUTRAL ★ 3/10	$50.67 $50.01	▼ −1.30%	▲ +0.01%	$59.38 (+17.19%)
Mar 5, 2026 13w ago	Insider Cluster BEARISH ★ 7/10	$50.67 $50.01	▲ +1.30%	▼ −0.01%	$59.38 (−17.19%)
Feb 26, 2026 14w ago	8-K BEARISH ★ 6/10	$51.43 $53.86	▼ −4.73%	▼ −5.18%	$59.38 (−15.47%)

US Market Status

Market Closed — Opens in 5h 49m

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