Joel Bender - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Joel Bender. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Joel Bender has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Joel Bender. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases WHD / Cactus, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in WHD / Cactus, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales WHD / Cactus, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in WHD / Cactus, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2024-11-06	WHD	Bender Joel	1,000,000	65.3500	1,000,000	65.3500	65,350,000	153	35.0500	-30,300,000	-46.37
2024-05-09	WHD	Bender Joel	358,458	51.0980	358,458	51.0980	18,316,487
2024-05-08	WHD	Bender Joel	39,957	51.0100	39,957	51.0100	2,038,207
2024-05-07	WHD	Bender Joel	201,585	52.0300	201,585	52.0300	10,488,468
2023-09-08	WHD	Bender Joel	141,300	55.4100	141,300	55.4100	7,829,433
2023-09-07	WHD	Bender Joel	108,700	56.1800	108,700	56.1800	6,106,766
2022-06-07	WHD	Bender Joel	542,336	54.0000	542,336	54.0000	29,286,144
2022-05-19	WHD	Bender Joel	180,000	48.0000	180,000	48.0000	8,640,000
2022-05-18	WHD	Bender Joel	8,784	46.8300	8,784	46.8300	411,355
2022-05-17	WHD	Bender Joel	15,151	49.2700	15,151	49.2700	746,490
2022-03-15	WHD	Bender Joel	16,268	48.7000	16,268	48.7000	792,252
2022-03-14	WHD	Bender Joel	82,067	51.1600	82,067	51.1600	4,198,548
2022-03-11	WHD	Bender Joel	79,329	55.9900	79,329	55.9900	4,441,631
2021-03-12	WHD	Bender Joel	112,563	30.5550	112,563	30.5550	3,439,362
2021-03-12	WHD	Bender Joel	1,518,149	30.5550	1,518,149	30.5550	46,387,043
2019-03-21	WHD	Bender Joel	133,612	35.9300	133,612	35.9300	4,800,679
2019-03-21	WHD	Bender Joel	1,802,027	35.9300	1,802,027	35.9300	64,746,830

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Joel Bender as disclosed to the Securities Exchange Commission (SEC).