Michael Bentham - Oct 1, 2021 Form 4 Insider Report for EXPRO GROUP HOLDINGS N.V. (XPRO)

Role: Principal Accounting Officer
Signature: /s/ John McAlister, as Attorney-in-Fact
Stock symbol: XPRO
Transactions as of: Oct 1, 2021
Transactions value $: -$63,069
Form type: 4
Date filed: 10/5/2021, 09:35 PM
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPRO	Common Stock, nominal value Euro0.06	Award	$0	+15.3K	+145.58%	$0.00	25.8K	Oct 1, 2021	Direct	F1
transaction	XPRO	Common Stock, nominal value Euro0.06	Tax liability	-$63.1K	-3.34K	-12.93%	$18.90	22.5K	Oct 4, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 15,299 restricted stock units ("RSUs") granted as inducement awards for employment with the Issuer pursuant to NYSE Rule 303A.08. Each RSU represents a contingent right to receive, upon vesting, one share of common stock, nominal value Euro0.06 per share, of the Issuer ("Common Stock"). The RSUs vest as as to one-third on each of February 22, 2023, February 22, 2024 and February 22, 2025.
F2	In connection with the settlement of shares of Common Stock as a result of the acceleration and cancellation of restricted stock units of Expro Group Holdings International Limited upon the consummation of the transactions contemplated by that certain Agreement and Plan of Merger between the Issuer, New Eagle Holdings Limited and Expro Group Holdings International Limited, dated March 10, 2021, the Issuer withheld shares of Common Stock to satisfy tax withholding obligations. The number of shares withheld was based on the closing price per share of Common Stock on October 1, 2021. The withholding of shares of Common Stock was approved by the Board of Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.

Content

Represents 15,299 restricted stock units ("RSUs") granted as inducement awards for employment with the Issuer pursuant to NYSE Rule 303A.08. Each RSU represents a contingent right to receive, upon vesting, one share of common stock, nominal value Euro0.06 per share, of the Issuer ("Common Stock"). The RSUs vest as as to one-third on each of February 22, 2023, February 22, 2024 and February 22, 2025.

In connection with the settlement of shares of Common Stock as a result of the acceleration and cancellation of restricted stock units of Expro Group Holdings International Limited upon the consummation of the transactions contemplated by that certain Agreement and Plan of Merger between the Issuer, New Eagle Holdings Limited and Expro Group Holdings International Limited, dated March 10, 2021, the Issuer withheld shares of Common Stock to satisfy tax withholding obligations. The number of shares withheld was based on the closing price per share of Common Stock on October 1, 2021. The withholding of shares of Common Stock was approved by the Board of Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.