Tim Willems - 28 Feb 2024 Form 4 Insider Report for NCS Multistage Holdings, Inc. (NCSM)

Role: Chief Operations Officer
Signature: /s/ Ori Lev, attorney-in-fact
Issuer symbol: NCSM
Transactions as of: 28 Feb 2024
Net transactions value: -$56,098
Form type: 4
Filing time: 01 Mar 2024, 13:11:14 UTC
Previous filing: 03 Mar 2023
Next filing: 08 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NCSM	Common Stock	Options Exercise	$0	+3,114	+15%	$0.000000	23,959	28 Feb 2024	Direct	F1
transaction	NCSM	Common Stock	Tax liability	$46,399	-3,114	-13%	$14.90	20,845	28 Feb 2024	Direct	F1
transaction	NCSM	Common Stock	Disposed to Issuer	$9,700	-651	-3.1%	$14.90	20,194	28 Feb 2024	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	NCSM	Equivalent Stock Units	Options Exercise	$0	-3,114	-41%	$0.000000	4,438	28 Feb 2024	Common Stock	3,114		Direct	F1, F4, F5

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

Explanation of Responses:

Id	Content
F1	Equivalent stock units vested on February 28, 2024 and settled for cash.
F2	These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units.
F3	Includes 759 restricted stock units which vest on February 28, 2025 and 1,837 restricted stock units which vest in two equal annual installments beginning on February 28, 2025.
F4	These equivalent stock units settle in cash and represent the economic equivalent of one share of common stock, provided that the amount of cash settled for any equivalent stock unit will not exceed the maximum payout established by the Compensation, Nominating and Governance Committee.
F5	Includes 759 equivalent stock units which vest on February 28, 2025 and 3,679 equivalent stock units which vest in two equal annual installments beginning on February 28, 2025.