NCS Multistage director exits 43K shares in merger

NCS Multistage Holdings, Inc. (NCSM) reported that director John D. Deane disposed of all reported common shares in connection with a merger.

Rhea-AI Filing Summary

NCS Multistage Holdings, Inc. (NCSM) reported that director John D. Deane disposed of all reported common shares in connection with a merger. On 2026-09-01, 32,771 directly held and 10,731 indirectly held shares were returned to the issuer and canceled. Under the merger agreement with a parent company, each NCS common share was converted into the right to receive either 0.5537 parent ordinary shares, or a mix of cash equal to 0.1371 times the parent share closing price on August 31, 2026 (subject to a maximum cash election amount) plus 0.2392 parent ordinary shares.

Insider Trade Summary

Disposition: 43,502 shares

Disposition 2 txns

Insider DEANE JOHN D

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock F1	32,771	--	--
Disposition	Common Stock F1	10,731	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By The Deane Family Partners Limited)

Footnotes (1)

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

Direct common shares disposed: 32,771 shares Indirect common shares disposed: 10,731 shares Direct shares following transaction: 0 shares +4 more

7 metrics

Direct common shares disposed 32,771 shares Disposition to issuer on 2026-09-01 by director John D. Deane

Indirect common shares disposed 10,731 shares Disposition to issuer on 2026-09-01, held by The Deane Family Partners Limited

Direct shares following transaction 0 shares Direct holdings after reported disposition

Indirect shares following transaction 0 shares Indirect holdings after reported disposition

Share-for-share election ratio 0.5537 parent ordinary shares per NCS share Option (i) under the merger consideration election

Cash election multiplier 0.1371 × parent closing price Cash component per NCS share for option (ii), based on August 31, 2026 price

Share component under cash-plus-shares option 0.2392 parent ordinary shares per NCS share Share portion for option (ii) merger consideration

Key Terms

Agreement and Plan of Merger, Effective Time, Parent Ordinary Shares, maximum cash election amount

4 terms

Agreement and Plan of Merger regulatory

"Pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"), dated May 31, 2026"

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 thereby (the "Effective Time")"

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.

Parent Ordinary Shares financial

"0.5537 ordinary shares, par value $0.001 per share, of Parent ("Parent Ordinary Shares")"

maximum cash election amount financial

"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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NCSM disclose in this Form 4?

The filing reports director John D. Deane disposed of 32,771 directly held and 10,731 indirectly held NCS Multistage Holdings common shares on 2026-09-01, as a disposition to the issuer in connection with a merger, leaving no reported holdings.

How many NCSM shares did John D. Deane hold after the reported transactions?

After the 2026-09-01 transactions, the Form 4 shows 0 NCS Multistage Holdings common shares following each transaction line, indicating no reported direct or indirect holdings remaining.

What did NCSM shareholders receive for each share in the merger described in this Form 4?

For each NCS Multistage common share, holders received either 0.5537 parent ordinary shares, or a combination of cash equal to 0.1371 times the parent share closing price on August 31, 2026 plus 0.2392 parent ordinary shares, subject to a maximum cash election amount.

Was the insider transaction in NCSM stock a market sale or something else?

The Form 4 codes the transactions as “D” (Disposition to issuer). The footnote explains the shares were canceled and converted into merger consideration immediately prior to the merger’s Effective Time, rather than sold in open-market trades.

How were Deane’s indirect NCSM holdings described in the Form 4?

The Form 4 states that 10,731 NCS Multistage common shares were held indirectly, with the nature of ownership described as “By The Deane Family Partners Limited”, and these shares were likewise disposed of to the issuer in the merger.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 09:29 AM EDT Accepted by SEC EDGAR 09/01/2026 - 09:29 AM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

X

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^*

DEANE JOHN D

(Last) (First) (Middle)

19350 STATE HIGHWAY 249, SUITE 600

(Street)

HOUSTON TEXAS 77070

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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	09/01/2026		D		32,771	D	(1)	0	D
Common Stock	09/01/2026		D		10,731	D	(1)	0	I	By The Deane Family Partners Limited

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. 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.

	/s/ Ori Lev, attorney-in-fact	09/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)