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

Role: Director
Signature: /s/ Ori Lev, attorney-in-fact
Stock symbol: NCSM
Transactions as of: Feb 28, 2023
Transactions value $: -$100,128
Form type: 4
Date filed: 3/2/2023, 04:10 PM
Previous filing: Dec 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NCSM	Common Stock	Options Exercise	$0	+2.74K	+29.3%	$0.00	12.1K	Feb 28, 2023	Direct	F1
transaction	NCSM	Common Stock	Tax liability	-$65.3K	-2.74K	-22.66%	$23.84	9.36K	Feb 28, 2023	Direct	F1
transaction	NCSM	Common Stock	Disposed to Issuer	-$34.8K	-1.46K	-15.6%	$23.84	7.9K	Feb 28, 2023	Direct	F2
holding	NCSM	Common Stock						30.2K	Feb 28, 2023	By Corporation	F3
holding	NCSM	Common Stock						5.67K	Feb 28, 2023	See Footnote	F4

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	-2.74K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	2.74K		Direct	F1, 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	Held by Stromquist Technologies Inc., a corporation of which the Reporting Person is a controlling shareholder. The Reporting Person disclaims beneficial ownership of the Issuer's securities held by Stromquist Technologies Inc. except to the extent of his pecuniary interest therein.
F4	Held by Cemblend Systems Inc. Cemblend Systems Inc. is indirectly 50% owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of the Issuer's securities held by Cemblend Systems Inc. except to the extent of his pecuniary interest therein.
F5	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.