Ori Lev - 28 Feb 2022 Form 4 Insider Report for NCS Multistage Holdings, Inc. (NCSM)

Role: Executive VP, GC and Secretary
Signature: /s/ Ori Lev
Issuer symbol: NCSM
Transactions as of: 28 Feb 2022
Net transactions value: -$81,577
Form type: 4
Filing time: 02 Mar 2022, 14:12:03 UTC
Next filing: 04 Mar 2022
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	+1,728	+63%	$0.000000	4,476	28 Feb 2022	Direct	F1
transaction	NCSM	Common Stock	Tax liability	$73,958	-1,728	-39%	$42.80	2,748	28 Feb 2022	Direct	F1
transaction	NCSM	Common Stock	Disposed to Issuer	$7,618	-178	-6.5%	$42.80	2,570	28 Feb 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	NCSM	Equivalent Stock Units	Options Exercise	$0	-1,728	-43%	$0.000000	2,309	28 Feb 2022	Common Stock	1,728		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, 2022 and settled for cash.
F2	These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units.
F3	Includes 113 restricted stock units which vest on April 1, 2022 and 1,196 restricted stock units which vest in two equal annual installments beginning on February 28, 2023.
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 113 equivalent stock units which vest on April 1, 2022, 1,000 equivalent stock units which on February 28, 2023, and 1,196 equivalent stock units which vest in two equal annual installments beginning on February 28, 2023.