NCS Multistage (NCSM) Director Ralls W. Matt Disposes 31,065 Shares (Merger)

What Happened Ralls W. Matt, a director of NCS Multistage Holdings, Inc. (NCSM), disposed of 31,065 shares of NCSM common stock on September 1, 2026. The Form 4 lists the transaction as a disposition to the issuer (code D) with no per‑share price reported (N/A), because the shares were canceled and converted pursuant to the Merger Agreement dated May 31, 2026. Under that agreement each canceled NCSM share was converted into the right to receive, at the reporting person's election, either (i) 0.5537 ordinary shares of Weatherford International plc (Parent), or (ii) a combination of (A) cash equal to 0.1371 times the closing price for Parent ordinary shares on August 31, 2026 (subject to a cap) and (B) 0.2392 Parent ordinary shares.

Key Details

• Transaction date: 2026-09-01; filing date/period of report: 2026-09-01 (no late filing indicated).
• Transaction type/code: Disposition to issuer (D) — shares were canceled/converted under the merger; reported price: N/A.
• Shares disposed: 31,065.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Merger Agreement conversion election described above (choice of Parent shares or cash/share mix).
• Accession: SEC filing 0001193125-26-377703.

Context This was not an open‑market sale but a contractual conversion/cancellation of NCSM shares as part of the company’s merger with Weatherford. Such dispositions reflect the merger consideration process (receipt of Parent shares and/or cash) rather than a director selling shares on the market, so they do not necessarily signal the director’s view on the business.