NCSM Director Gurinder Grewal Disposes 20,919 Shares in Merger

What Happened Gurinder Grewal, a director of NCS Multistage Holdings, Inc. (NCSM), reported a disposition to the issuer of 20,919 shares on 2026-09-01. The filing shows no sale price (N/A) because these shares were cancelled and converted under the company’s merger agreement with Weatherford International plc rather than sold on the open market. No total dollar value is provided in the Form 4 excerpt.

Key Details

• Transaction date: 2026-09-01 (reported on Form 4 filed 2026-09-01; accession 0001193125-26-377713).
• Transaction type: Disposition to issuer (code D); shares disposed: 20,919; price: N/A; value: N/A.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: Pursuant to the May 31, 2026 Merger Agreement, each NCSM common share was canceled and converted into the right to receive, at the holder’s election, either (i) 0.5537 Weatherford ordinary shares, or (ii) a combination of cash (equal to 0.1371 × Weatherford’s closing price on Aug 31, 2026, subject to a maximum cash election) plus 0.2392 Weatherford ordinary shares.
• Filing timeliness: the Form 4 lists the same report and transaction date (2026-09-01); the excerpt does not indicate a late filing.

Context This is a merger-related conversion (corporate action), not an open-market sale, so it generally reflects the mechanics of the deal rather than a director expressing a buy/sell view. The economic value received by the reporting person depends on Weatherford’s election and its Nasdaq closing price on August 31, 2026; because no dollar amounts are listed, you can’t infer a market-value from this Form 4 alone.