Tim Willems - 28 Feb 2025 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 2025
Net transactions value: -$187,460
Form type: 4
Filing time: 04 Mar 2025, 16:12:33 UTC
Previous filing: 08 Mar 2024
Next filing: 03 Mar 2026
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	+6,552	+32%	$0.000000	26,746	28 Feb 2025	Direct	F1
transaction	NCSM	Common Stock	Tax liability	$176,445	-6,552	-24%	$26.93	20,194	28 Feb 2025	Direct	F1
transaction	NCSM	Common Stock	Disposed to Issuer	$11,014	-409	-2%	$26.93	19,785	28 Feb 2025	Direct	F2
transaction	NCSM	Common Stock	Award	$0	+3,262	+16%	$0.000000	23,047	04 Mar 2025	Direct	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	-6,552	-40%	$0.000000	9,744	28 Feb 2025	Common Stock	6,552		Direct	F1, F4, F5
transaction	NCSM	Equivalent Stock Units	Award	$0	+3,262	+33%	$0.000000	13,006	04 Mar 2025	Common Stock	3,262		Direct	F4, F6

* 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, 2025 and settled for cash.
F2	These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units.
F3	Includes 918 restricted stock units which vest on February 28, 2026 and 3,262 restricted stock units which vest in three equal annual installments beginning on February 28, 2026.
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 1,839 equivalent stock units which vest on February 28, 2026 and 7,905 equivalent stock units which vest in two equal annual installments beginning on February 28, 2026.
F6	Includes 1,839 equivalent stock units which vest on February 28, 2026, 7,905 equivalent stock units which vest in two equal annual installments beginning on February 28, 2026, and 3,262 equivalent stock units which in three equal annual installments beginning on February 28, 2026.