NCS Multistage (NCSM) Director Robert Nipper Converts Shares in Merger

What Happened
Robert Nipper, a director of NCS Multistage Holdings, Inc. (NCSM), had a total of 125,272 shares of NCSM common stock disposed/canceled on September 1, 2026 in connection with the company’s merger with Weatherford International plc. The Form 4 reports two dispositions to the issuer (D): 36,676 shares and 88,596 shares. No per-share price is reported on the Form 4 because the shares were canceled and converted under the merger agreement rather than sold on the open market.

Key Details

• Transaction date: 2026-09-01 (reported on Form 4 filed 2026-09-01). Transaction code: D (Disposition to issuer).
• Shares disposed: 36,676 and 88,596, total 125,272 shares of NCSM common stock.
• Price: N/A on Form 4 (shares canceled/converted under merger consideration).
• Shares owned after transaction: NCSM common shares were canceled at the effective time; reporting person holds 0 NCSM common shares following the conversion.
• Footnote (Merger terms): Under the Merger Agreement, each NCSM share was canceled and converted into the holder’s election of (i) 0.5537 Weatherford ordinary shares, or (ii) a combination of cash equal to 0.1371 × Weatherford closing price on Aug 31, 2026 (subject to a max cash election) plus 0.2392 Weatherford ordinary shares. The Form 4 shows the disposition was part of this merger conversion.
• Filing timeliness: Form 4 filed same day as the transaction date; no late filing indicated.

Context
This was not an open-market sale but a conversion/cancellation of NCSM stock as part of the approved merger; the Form 4 does not indicate the mix of Weatherford shares versus cash elected (if any). Such merger-related conversions are routine mechanics of deal closings and do not, by themselves, signal the insider’s view of the combined company.