NCS Multistage Director Michael McShane Disposes 48,778 Shares

What Happened

• Michael McShane, a director of NCS Multistage Holdings, disposed of 48,778 shares to the issuer on 2026-09-01 (transaction code D — disposition to issuer) pursuant to the Merger Agreement with Weatherford International plc. The Form 4 reports no per‑share price or total dollar value (price reported as N/A).
• Under the Merger Agreement, each NCS common share was cancelled and converted into 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. If McShane elected all‑stock, the 48,778 NCS shares would convert into approximately 27,008.38 Weatherford ordinary shares; the cash+shares route would yield approximately 11,667.70 Weatherford ordinary shares plus cash per the formula.

Key Details

• Transaction date: 2026-09-01; transaction type: Disposition to issuer (D).
• Shares disposed: 48,778. Price and total value: N/A (not specified in the filing).
• Shares owned after the transaction: not reported in the provided filing.
• Footnote: F1 describes the Merger Agreement conversion mechanics (stock election or cash+stock option).
• Filing timeliness: Form filed on 2026-09-01 (same day), so no late filing indicated.

Context

• This was not an open‑market sale but a disposition resulting from a merger conversion; such filings reflect deal consideration mechanics rather than a director selling shares on the open market.
• The ultimate cash received (if the cash+shares option was chosen) depends on Weatherford’s closing price on Aug 31, 2026; the Form 4 does not state which election McShane made or the resulting cash amount.