NCS Multistage director gives up 48,778 shares in merger
Rhea-AI Filing Summary
NCS Multistage Holdings, Inc. (NCSM) director Michael McShane reported a disposition to the issuer of 48,778 shares of common stock on 2026-09-01, leaving him with 0 shares directly held. The transaction occurred in connection with a merger under which each NCS share was canceled and converted into the right to receive Weatherford International plc ordinary shares and/or a specified cash-and-share combination at the holder’s election.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 48,778 shares
Net Sell
1 txn
Insider
MCSHANE MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 48,778 | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. Pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"), dated May 31, 2026, by and among Weatherford International plc ("Parent"), Trinity Bell Sub, Inc. and NCS Multistage Holdings, Inc. (the "Company"), immediately prior to the effective time of the transactions contemplated thereby (the "Effective Time"), each share of the Company's common stock, par value $0.01 per share ("Common Stock"), was canceled and converted into the right to receive, at the Reporting Person's election: (i) 0.5537 ordinary shares, par value $0.001 per share, of Parent ("Parent Ordinary Shares"); or (ii) a combination of (A) cash in an amount equal to the product of (x) 0.1371 and (y) the closing price for the Parent Ordinary Shares on the Nasdaq Global Select Market on August 31, 2026, subject to a maximum cash election amount; and (B) 0.2392 Parent Ordinary Shares.
Key Figures
Shares disposed: 48,778 shares of Common Stock
Shares owned after transaction: 0 shares of Common Stock
Stock-for-stock merger election: 0.5537 Parent Ordinary Shares per NCS share
+2 more
5 metrics
Shares disposed
48,778 shares of Common Stock
Disposition to issuer reported on 2026-09-01
Shares owned after transaction
0 shares of Common Stock
Direct holdings following the merger-related disposition
Stock-for-stock merger election
0.5537 Parent Ordinary Shares per NCS share
Option (i) consideration under the Agreement and Plan of Merger
Cash component multiplier
0.1371 × closing price of Parent Ordinary Shares
Used to calculate cash consideration based on 2026-08-31 closing price
Share component in cash-and-share option
0.2392 Parent Ordinary Shares per NCS share
Option (ii)(B) consideration under the merger agreement
Key Terms
Agreement and Plan of Merger, Effective Time, Parent Ordinary Shares, Nasdaq Global Select Market, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"),"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"immediately prior to the effective time of the transactions contemplated"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
Nasdaq Global Select Market market
"the closing price for the Parent Ordinary Shares on the Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
maximum cash election amount financial
"subject to a maximum cash election amount; and (B) 0.2392 Parent"
FAQ
What did NCSM director Michael McShane report in this Form 4?
He reported a disposition to the issuer of 48,778 shares of NCS Multistage Holdings, Inc. common stock on 2026-09-01, resulting in 0 shares directly owned after the transaction.
Does Michael McShane still own any NCSM common stock after this transaction?
No. After the reported merger-related disposition of 48,778 shares, Michael McShane’s direct holdings are 0 shares of NCS Multistage Holdings, Inc. common stock.
Was this NCSM Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transaction was effected pursuant to a Rule 10b5-1 trading plan.
What role does Weatherford International plc play in the NCSM transaction?
Weatherford International plc is the Parent in the Agreement and Plan of Merger. NCS Multistage Holdings, Inc. shares were canceled and converted into rights to receive Weatherford ordinary shares and/or cash based on the election mechanics described.
AI-generated analysis. How Rhea-AI works. Not financial advice.
