Director Valerie Mitchell receives 3,221 RSU award at NCS Multistage (NCSM)

Rhea-AI Filing Summary

Mitchell Valerie A reported acquisition or exercise transactions in this Form 4 filing.

NCS Multistage Holdings director Valerie A. Mitchell received an equity award of 3,221 shares of common stock in the form of restricted stock units. These units were granted at no cash cost and increase her direct holdings to 26,772 shares. The 3,221 restricted stock units vest and settle on February 28, 2027, while 19,212 previously vested restricted stock units are scheduled to settle within thirty days after her service ends or a change of control, whichever occurs first.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mitchell Valerie A

(Last) (First) (Middle)

C/O NCS MULTISTAGE HOLDINGS, INC.

19350 STATE HIGHWAY 249, SUITE 600

(Street)

HOUSTON TX 77070

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NCS Multistage Holdings, Inc. [ NCSM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		A		3,221	A	$0	26,772(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 3,221 restricted stock units which vest and settle on February 28, 2027 and 19,212 vested restricted stock units which settle within thirty days following the earlier of (i) the termination of the Reporting Person's service for any reason or (ii) a change of control.

	/s/ Ori Lev, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did NCS Multistage Holdings (NCSM) report for Valerie A. Mitchell?

NCS Multistage reported that director Valerie A. Mitchell acquired 3,221 shares of common stock through a restricted stock unit award. The grant carried a price of $0.00 per share, reflecting a compensation-related equity award rather than an open-market purchase.

How many NCS Multistage (NCSM) shares does Valerie A. Mitchell hold after this Form 4?

After this award, Valerie A. Mitchell directly holds 26,772 shares of NCS Multistage common stock. This total includes restricted stock units that either vest in the future or have vested and will settle based on employment or change-of-control conditions.

When do the newly granted restricted stock units for NCS Multistage (NCSM) vest?

The 3,221 newly granted restricted stock units to Valerie A. Mitchell vest and settle on February 28, 2027. Vesting means the units convert into common shares at that date, assuming applicable service conditions continue to be satisfied through vesting.

What are the settlement terms for Valerie A. Mitchell’s existing vested RSUs in NCS Multistage (NCSM)?

Mitchell holds 19,212 vested restricted stock units that will settle within thirty days after the earlier of her service termination for any reason or a change of control. Settlement means those units convert into common shares following one of these triggering events.

Did Valerie A. Mitchell buy NCS Multistage (NCSM) shares on the open market?

No, the filing shows a grant of 3,221 restricted stock units at $0.00 per share, categorized as a grant, award, or other acquisition. This indicates equity compensation rather than an open-market stock purchase transaction.

What does transaction code “A” mean in the NCS Multistage (NCSM) Form 4?

Transaction code “A” on this Form 4 indicates a grant, award, or other acquisition of securities. For Valerie A. Mitchell, it reflects an equity compensation award of 3,221 restricted stock units, rather than a traditional market trade involving cash consideration.