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

Role: Executive VP, GC and Secretary
Signature: /s/ Ori Lev
Stock symbol: NCSM
Transactions as of: Feb 28, 2023
Transactions value $: -$60,768
Form type: 4
Date filed: 3/2/2023, 04:06 PM
Previous filing: Apr 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	+2.19K	+50.69%	$0.00	6.52K	Feb 28, 2023	Direct	F1
transaction	NCSM	Common Stock	Tax liability	-$52.3K	-2.19K	-33.64%	$23.84	4.33K	Feb 28, 2023	Direct	F1
transaction	NCSM	Common Stock	Disposed to Issuer	-$8.46K	-355	-8.2%	$23.84	3.97K	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	-2.19K	-55.1%	$0.00	1.79K	Feb 28, 2023	Common Stock	2.19K		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 598 restricted stock units which vest on February 28, 2024 and 1,190 restricted stock units which vest in two equal annual installments beginning on February 28, 2024.
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 598 equivalent stock units which vest on February 28, 2024 and 1,190 equivalent stock units which vest in two equal annual installments beginning on February 28, 2024.