Mitchell Valerie A 4

What Happened
Valerie A. Mitchell, a director of NCS Multistage Holdings, received a grant of 3,221 restricted stock units (RSUs) reported on March 3, 2026. The Form 4 lists the acquisition price as $0.00 (award), so no cash was paid; the reported grant value on the Form 4 is $0. In addition, the filing notes 19,212 vested RSUs that are recorded as settling within 30 days following the earlier of the termination of service or a change of control — together these footnoted amounts total 22,433 RSUs tied to the filing.

Key Details

• Transaction date: 2026-03-03; transaction type: Award/Grant (code A); price reported: $0.00.
• Awarded: 3,221 RSUs that vest and settle on February 28, 2027 (per footnote).
• Footnoted vested RSUs: 19,212 vested RSUs that will settle within 30 days after termination of service or a change of control.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: report filed on 2026-03-03 (period of report 2026-03-03), so no late filing indicated.

Context
RSUs are a form of equity compensation: the recipient does not receive tradable shares immediately but receives shares (or cash equivalent) upon vesting/settlement. The 3,221 RSUs are time‑vesting (expected settlement 2/28/2027); the 19,212 RSUs are already vested but their settlement is delayed until a triggering event (termination or change of control). Grants and vested‑but‑unsettled RSUs are routine for insiders as compensation and do not by themselves indicate a buy or sell decision.