NCS Multistage director exits 20,919 shares in merger
NCS Multistage Holdings, Inc. (NCSM) director Gurinder Grewal reported a disposition of 20,919 shares of common stock to the issuer, reducing his reported direct holdings to 0 shares.
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Form Type
4
Rhea-AI Filing Summary
NCS Multistage Holdings, Inc. (NCSM) director Gurinder Grewal reported a disposition of 20,919 shares of common stock to the issuer, reducing his reported direct holdings to 0 shares. The transaction occurred in connection with a merger in which each NCS share was canceled and converted into the right to receive Weatherford International plc consideration in stock and/or cash under an election mechanism.
Insider Trade Summary
Disposition: 20,919 shares
Disposition
1 txn
Insider
Grewal Gurinder
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 20,919 | -- | -- |
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: 20,919 shares of Common Stock
Post-transaction holdings: 0 shares of Common Stock
Stock-only merger exchange ratio: 0.5537 Weatherford ordinary shares per NCS share
+2 more
5 metrics
Shares disposed
20,919 shares of Common Stock
Disposition to issuer reported on 2026-09-01 in connection with the merger
Post-transaction holdings
0 shares of Common Stock
Reported direct ownership after the merger-related disposition
Stock-only merger exchange ratio
0.5537 Weatherford ordinary shares per NCS share
Alternative consideration under the Agreement and Plan of Merger
Cash multiplier in mixed consideration
0.1371 × closing price of Weatherford shares
Cash portion based on Nasdaq Global Select Market closing price on August 31, 2026
Stock portion in mixed consideration
0.2392 Weatherford ordinary shares per NCS share
Share component of the mixed cash-and-stock election, subject to maximum cash election amount
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.
maximum cash election amount financial
"subject to a maximum cash election amount; and (B) 0.2392 Parent Ordinary Shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Gurinder Grewal report in this Form 4 for NCSM?
Gurinder Grewal reported a disposition of 20,919 shares of NCS Multistage Holdings, Inc. common stock to the issuer, coded as a disposition to issuer, in connection with the completion of a merger involving Weatherford International plc.
What was the cash component formula in the NCSM–Weatherford merger consideration?
For holders electing the mixed consideration, the cash portion equaled 0.1371 multiplied by the closing price of Weatherford ordinary shares on August 31, 2026, subject to a maximum cash election amount, plus a stock portion of 0.2392 Weatherford ordinary shares per NCS share.
Was this NCSM Form 4 transaction executed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox as not selected, and the footnote describes the share disposition as arising from the merger mechanics rather than from a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
