[144] NCS Multistage Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

NCS Multistage Holdings, Inc. (NCSM) filed a Form 144 indicating a proposed sale of 548 common shares through Morgan Stanley Smith Barney on or around 08/04/2025 via NASDAQ. The shares were originally acquired as restricted stock on 02/28/2025. At the stated market value of $16,440.44, the transaction represents roughly 0.02% of the company’s 2,540,849 outstanding shares. No prior insider sales were reported in the past three months, and the filer affirms no undisclosed material adverse information about the issuer.

The filing is routine and signals a modest liquidity event rather than a strategic shift. Given the tiny proportion of shares involved, the market impact should be negligible unless taken as a broader sentiment indicator of insider confidence.

Positive

• Sale size is only 0.02% of outstanding shares, limiting dilution or pricing pressure.
• No insider sales reported in prior three months, indicating limited selling trend.

Negative

• Any insider disposition may be viewed negatively by some investors as a sentiment cue despite its small size.

Insights

Corporate Governance Analyst

TL;DR: Very small insider sale; governance impact minimal.

The proposed sale equals only 0.02% of shares outstanding and follows required disclosure under Rule 144. Absence of recent sales and the standard representation of no undisclosed adverse info suggest procedural compliance rather than concern. Investors should note, however, that any insider sale can be interpreted as a soft signal of sentiment even when immaterial in size.

Portfolio Manager

TL;DR: Transaction size immaterial; unlikely to affect valuation.

At just $16.4k, the liquidation has no bearing on cash flow, capital structure, or float. I view it as non-impactful for portfolio positioning, though I monitor cumulative insider activity for trend shifts.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	548	16440.44	2540849	08/04/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/28/2025	Restricted Stock	Issuer			548	02/28/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many NCSM shares are being sold under this Form 144?

The notice covers 548 common shares.

What is the approximate market value of the proposed sale?

The aggregate market value is $16,440.44.

When is the planned sale date for NCSM shares?

The filer listed an approximate sale date of 08/04/2025.

What percentage of NCS Multistage’s outstanding shares does this represent?

It represents about 0.02% of the 2,540,849 shares outstanding.

Were there any insider sales in the prior three months?

The filing states "Nothing to Report" for sales in the past three months.