Michael Kearney - Apr 4, 2022 Form 4 Insider Report for EXPRO GROUP HOLDINGS N.V. (XPRO)

Role: Director
Signature: /s/ Josh Hancock, as Attorney-in-Fact
Stock symbol: XPRO
Transactions as of: Apr 4, 2022
Transactions value $: -$2,409,373
Form type: 4
Date filed: 4/5/2022, 04:58 PM
Previous filing: Oct 22, 2021
Next filing: Aug 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPRO	Common stock, nominal value Euro0.06	Options Exercise		+334K	+311.6%		441K	Apr 4, 2022	Direct	F1
transaction	XPRO	Common stock, nominal value Euro0.06	Tax liability	-$2.41M	-131K	-29.79%	$18.35	309K	Apr 4, 2022	Direct	F2, F3

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	-334K	-100%	$0.00^*	0	Apr 4, 2022	Common Stock	334K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a right to receive one share of common stock, nominal value Euro0.06 per share, of the Issuer ("Common Stock").
F2	In connection with the settlement of RSUs pursuant to the Expro Group Holdings N.V. 2013 Long-Term Incentive Plan, As Amended and Restated (the "LTIP"), 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 April 1, 2022. The withholding of vested shares pursuant to these awards 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.
F3	Includes 8,522 RSUs granted under the LTIP. Each RSU represents a contingent right to receive, upon vesting, one share of Common Stock. The RSUs vest on May 1, 2022.
F4	Represents 138,043 RSUs that previously vested on on October 1, 2021 and 195,625 RSUs that previously vested on October 22, 2021, in each case, for which settlement was deferred in accordance with the requirements imposed by Section 409A of the Internal Revenue Code of 1986, as amended, until April 2, 2022. Settlement of the RSUs occurred on the first business day following April 2, 2022.