Melissa Cougle - Jun 1, 2021 Form 4 Insider Report for FRANK'S INTERNATIONAL N.V. (XPRO)

Role: SVP and CFO
Signature: /s/ Melissa Cougle, by Nancy A. Muchmore, as Attorney-in-Fact
Stock symbol: XPRO
Transactions as of: Jun 1, 2021
Transactions value $: -$12,785
Form type: 4
Date filed: 6/4/2021, 08:42 AM
Next filing: Jul 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPRO	Common stock, par value Euro 0.01 per share	Options Exercise		+15.6K	+52.75%		45.2K	Jun 1, 2021	Direct	F1
transaction	XPRO	Common stock, par value Euro 0.01 per share	Tax liability	-$12.8K	-3.81K	-8.41%	$3.36^*	41.4K	Jun 1, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XPRO	Restricted Stock Unit	Options Exercise	$0	-15.6K	-8.52%	$0.00	168K	Jun 1, 2021	Common Stock	15.6K		Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	In connection with the vesting of shares of RSUs pursuant to the Frank's International N.V. 2013 Long-Term Incentive Plan, Frank's International N.V. (the "Issuer") withheld vested shares to satisfy tax withholding obligations. The number of vested shares withheld was based on the closing price per share on June 1, 2021. The withholding of vested shares pursuant to this award was approved by the Board of Supervisory Directors of the Issuer, and the number of shares indicated in this Form 4 was acquired as treasury stock by the Issuer.
F3	On May 29, 2019, the reporting person was granted 46,875 RSUs vesting ratably in three annual installments beginning on May 29, 2020.
F4	Consists of (i) 33,058 RSUs that will vest 50% on February 18, 2022, and 50% on February 18, 2023; (ii) 119,048 RSUs vesting ratably in three annual installments beginning on February 22, 2022; and (iii) 15,625 RSUs that will vest on May 29, 2022.