Tim Willems - Feb 28, 2023 Form 4 Insider Report for NCS Multistage Holdings, Inc. (NCSM)

Signature
/s/ Ori Lev, attorney-in-fact
Stock symbol
NCSM
Transactions as of
Feb 28, 2023
Transactions value $
-$63,486
Form type
4
Date filed
3/2/2023, 03:59 PM
Previous filing
Mar 4, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NCSM Common Stock Options Exercise $0 +2.42K +13.22% $0.00 20.8K Feb 28, 2023 Direct F1
transaction NCSM Common Stock Tax liability -$57.8K -2.42K -11.68% $23.84 18.3K Feb 28, 2023 Direct F1
transaction NCSM Common Stock Disposed to Issuer -$5.72K -240 -1.31% $23.84 18.1K Feb 28, 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 NCSM Equivalent Stock Units Options Exercise $0 -2.42K -54.38% $0.00 2.03K Feb 28, 2023 Common Stock 2.42K 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, 2023 and settled for cash.
F2 These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units.
F3 Includes 562 restricted stock units which vest on February 28, 2024 and 1,471 restricted stock units which vest in two equal annual installments beginning on February 28, 2024. Since the date of Mr. Willem's last ownership report, he dissolved the Willems Family Limited Partnership and transferred 15,274 shares of NCSM common stock, 2,190 equivalent stock units, of which 1,735 vested on February 28, 2023, and 1,067 restricted stock units, of which 612 vested on February 28, 2023, to his ex-wife pursuant to a domestic relations order (as defined in the Internal Revenue Code). The Reporting Person no longer reports as beneficially owned any securities owned by his ex-wife.
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 562 equivalent stock units which vest on February 28, 2024 and 1,471 equivalent stock units which vest in two equal annual installments beginning on February 28, 2024.