Oak Hill Advisors Lp - Jan 18, 2023 Form 4 Insider Report for EXPRO GROUP HOLDINGS N.V. (XPRO)

Role
10%+ Owner
Signature
/s/ Oak Hill Advisors, L.P., By: /s/ Gregory S. Rubin, Authorized Signatory
Stock symbol
XPRO
Transactions as of
Jan 18, 2023
Transactions value $
-$151,800,000
Form type
4
Date filed
1/20/2023, 03:20 PM
Previous filing
Aug 17, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPRO Common Stock, (euro) 0.06 nominal value per share Sale -$152M -9.2M -31.62% $16.50 19.9M Jan 18, 2023 See footnotes F1, F2, F3
holding XPRO Common Stock, (euro) 0.06 nominal value per share 22.4K Jan 18, 2023 See footnotes F2, F4
holding XPRO Common Stock, (euro) 0.06 nominal value per share 22.4K Jan 18, 2023 See footnotes F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 18, 2023, the Oak Hill Advisory Entities (as defined below) and/or their subsidiary affiliates sold 9,200,000 shares of Common Stock in connection with an underwritten public offering of Common Stock by the Issuer (the "Secondary Offering"), which includes 1,200,000 shares of Common Stock sold pursuant to the underwriters' exercise in full of their option to purchase additional shares of Common Stock in connection with the Secondary Offering.
F2 Oak Hill Advisors, L.P. ("OHA", or the "Reporting Person") acts (directly or through an affiliate) as investment adviser to certain funds and client accounts (together, the "Oak Hill Advisory Entities"), with respect to the shares of Common Stock (euro) 0.06 nominal value per share ("Common Stock") directly held by the Oak Hill Advisory Entities. OHA is a subsidiary business of T. Rowe Price Associates, Inc. ("TRP"). OHA's beneficial ownership does not include any shares that may be beneficially owned by TRP. OHA disclaims beneficial ownership of the shares of Common Stock held by the Oak Hill Advisory Entities beyond its respective pecuniary interest therein, if any, for purposes of Section 16 under the Securities Exchange Act of 1934, as amended.
F3 Reflects securities held by the Oak Hill Advisory Entities.
F4 Pursuant to the policies of OHA, the restricted stock units received by Mr. Eitan Arbeter, an employee of OHA and member of the board of directors of the Issuer, are held for the benefit of certain OHA clients.
F5 Pursuant to the policies of OHA, the restricted stock units received by Mr. Alan Schrager, an employee of OHA and member of the board of directors of the Issuer, are held for the benefit of certain OHA clients.