Steven J. Russell - Feb 22, 2023 Form 4 Insider Report for EXPRO GROUP HOLDINGS N.V. (XPRO)

Role
Chief Technology Officer
Signature
/s/ Josh Hancock, as Attorney-in-Fact
Stock symbol
XPRO
Transactions as of
Feb 22, 2023
Transactions value $
-$142,458
Form type
4
Date filed
2/23/2023, 03:05 PM
Previous filing
Feb 21, 2023
Next filing
Feb 28, 2023

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 +6.78K +10.93% 68.8K Feb 22, 2023 Direct F1
transaction XPRO Common Stock, nominal value Euro0.06 Tax liability -$142K -7.03K -10.21% $20.27 61.8K Feb 22, 2023 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 -6.78K -50% $0.00 6.78K Feb 22, 2023 Common Stock 6.78K Direct F1, F4, F5
* 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, nominal value Euro0.06 per share, of the Issuer ("Common Stock") on a one-for-one basis.
F2 In connection with the vesting of shares of RSUs pursuant to the Expro Group Holdings N.V. 2022 Long-Term Incentive Plan (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 February 21, 2023. The withholding of vested shares pursuant to this award 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 22,158 RSUs that will vest 50% on February 22, 2024 and 50% on February 22, 2025.
F4 On February 22, 2021, the reporting person was granted 122,024 RSUs vesting ratably in three annual installments beginning on February 22, 2022, prior to giving effect to the 1 for 6 reverse stock split of the Issuer, which became effective on October 1, 2021.
F5 Consists of RSUs that will vest that will vest on February 22, 2024.