# EDGAR Filing Document

**Accession Number:** 0000883961
**File Stem:** 0000919574-25-006858
**Filing Date:** 2025-11
**Character Count:** 15076
**Document Hash:** ce0375092ba110a327412dd0ea4e1e3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-006858.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000919574-25-006858

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NCS Multistage Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001692427
- **STANDARD INDUSTRIAL CLASSIFICATION:** OIL, GAS FIELD SERVICES, NBC [1389]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 461527455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90331
- **FILM NUMBER:** 251482401

**BUSINESS ADDRESS:**
- **STREET 1:** 19350 STATE HIGHWAY 249
- **STREET 2:** SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77070
- **BUSINESS PHONE:** 281-453-2222

**MAIL ADDRESS:**
- **STREET 1:** 19350 STATE HIGHWAY 249
- **STREET 2:** SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77070
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOCQUEVILLE ASSET MANAGEMENT L.P.
- **CENTRAL INDEX KEY:** 0000883961

**ORGANIZATION NAME:**
- **EIN:** 133547557
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-698-0800

**MAIL ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET
- **STREET 2:** 19TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TOCQUEVILLE ASSET MANAGEMENT LP
- **DATE OF NAME CHANGE:** 19990325

## Ex-99

<u>Exhibit A</u>

<u>JOINT FILING AGREEMENT</u>

The undersigned agree that this Schedule 13G Amendment No. 2 dated November 14, 2025 relating to the Common Stock, par value $0.01 per share, of NCS Multistage Holdings, Inc. shall be filed on behalf of the undersigned.

---

| |
|:---|
| &nbsp;&nbsp; TOCQUEVILLE ASSET MANAGEMENT L.P.<br>By: /s/ Kelsey Graham |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kelsey Graham |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Chief Compliance Officer |

---

---

| |
|:---|
| &nbsp;&nbsp; TAUBENPOST CAPITAL L.P.<br> By Taubenpost Capital LLC, its General Partner<br>By: /s/ Donald Wang |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Donald Wang |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Member |

---

---

| |
|:---|
| &nbsp;&nbsp; TAUBENPOST CAPITAL LLC<br>By: /s/ Donald Wang |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Donald Wang |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Member |

---

&nbsp;&nbsp; DONALD WANG<br>By: /s/ Donald Wang<br>

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Issuer:** NCS Multistage Holdings, Inc.

**Title of Class of Securities:** Common Stock, par value $0.01 per share

**CUSIP Number:** 628877201

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>TOCQUEVILLE ASSET MANAGEMENT L.P. | Names of Reporting Persons<br>TOCQUEVILLE ASSET MANAGEMENT L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>121602.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>121602.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.8% | Percent of Class Represented by Amount in Row (9)<br>4.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IA, PN | Type of Reporting Person (See Instructions)<br>IA, PN |

---

| 1. | Names of Reporting Persons<br>TAUBENPOST CAPITAL L.P. | Names of Reporting Persons<br>TAUBENPOST CAPITAL L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>121602.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>121602.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.8% | Percent of Class Represented by Amount in Row (9)<br>4.8% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>TAUBENPOST CAPITAL LLC | Names of Reporting Persons<br>TAUBENPOST CAPITAL LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>121602.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>121602.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.8% | Percent of Class Represented by Amount in Row (9)<br>4.8% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>DONALD WANG | Names of Reporting Persons<br>DONALD WANG |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>121602.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>121602.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>121602.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.8% | Percent of Class Represented by Amount in Row (9)<br>4.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

**Item 1(a). Name of Issuer:**
NCS Multistage Holdings, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
19350 STATE HIGHWAY 249, SUITE 600, HOUSTON, TX, 77070

**Item 2(a). Name of Person Filing:**
Tocqueville Asset Management L.P.
Taubenpost Capital L.P.
Taubenpost Capital LLC
Donald Wang

**Item 2(b). Address of Principal Business Office:**
Tocqueville Asset Management L.P.
40 WEST 57TH STREET
19TH FLOOR
NEW YORK NY 10019

Taubenpost Capital L.P.
40 WEST 57TH STREET
19TH FLOOR
NEW YORK NY 10019

Taubenpost Capital LLC
40 WEST 57TH STREET
19TH FLOOR
NEW YORK NY, 10019

Donald Wang
40 WEST 57TH STREET, 19TH FLOOR, NEW YORK, NY, 10019

**Item 2(c). Citizenship:**
Tocqueville Asset Management L.P. - Delaware
Taubenpost Capital L.P. - Delaware
Taubenpost Capital LLC - Delaware
Donald Wang - United States

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.01 per share

**Item 2(e). CUSIP Number:**
628877201

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Tocqueville Asset Management L.P. - 121,602
Taubenpost Capital L.P. - 121,602
Taubenpost Capital LLC - 121,602
Donald Wang - 121,602

**(b) Percent of class:**

Tocqueville Asset Management L.P. - 4.8%
Taubenpost Capital L.P. - 4.8%
Taubenpost Capital LLC - 4.8%
Donald Wang - 4.8%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Tocqueville Asset Management L.P. - 0
Taubenpost Capital L.P. - 0
Taubenpost Capital LLC - 0
Donald Wang - 0

**(ii) Shared power to vote or to direct the vote:**

Tocqueville Asset Management L.P. - 121,602
Taubenpost Capital L.P. - 121,602
Taubenpost Capital LLC - 121,602
Donald Wang - 121,602

**(iii) Sole power to dispose or to direct the disposition of:**

Tocqueville Asset Management L.P. - 0
Taubenpost Capital L.P. - 0
Taubenpost Capital LLC - 0
Donald Wang - 0

**(iv) Shared power to dispose or to direct the disposition of:**

Tocqueville Asset Management L.P. - 121,602
Taubenpost Capital L.P. - 121,602
Taubenpost Capital LLC - 121,602
Donald Wang - 121,602

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

All of the securities reported in this Schedule 13G Amendment No. 2 are directly owned by advisory clients of Tocqueville Asset Management L.P.

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**TOCQUEVILLE ASSET MANAGEMENT L.P.**

**Date:** 11/14/2025

**By:** By: /s/ Kelsey Graham

**Name & Title:** Kelsey Graham, Chief Compliance Officer

**TAUBENPOST CAPITAL L.P.**

**Date:** 11/14/2025

**By:** By Taubenpost Capital LLC, its General Partner, By: /s/ Donald Wang

**Name & Title:** Donald Wang, Managing Member

**TAUBENPOST CAPITAL LLC**

**Date:** 11/14/2025

**By:** By: /s/ Donald Wang

**Name & Title:** Donald Wang, Managing Member

**DONALD WANG**

**Date:** 11/14/2025

**By:** By: /s/ Donald Wang

**Name & Title:** Donald Wang