Form 4: Oak Hill Advisors LP Sells 2,701,920 Shares of Expro Group Holdings N.V.

Oak Hill Advisors LP reports the sale of 2,701,920 shares of Expro Group Holdings N.V. at $22.25 per share on May 20, 2024, while still indirectly holding a significant number of shares.

Summary

• Oak Hill Advisors LP (OHA) filed a Form 4 detailing changes in beneficial ownership of Expro Group Holdings N.V. (XPRO) stock.
• On May 20, 2024, OHA sold 2,701,920 shares of Common Stock at a price of $22.25 per share.
• Following the transaction, OHA indirectly holds 11,873,971 shares through Oak Hill Advisory Entities.
• OHA also indirectly holds 30,441 restricted stock units each for Mr. Eitan Arbeter and Mr. Alan Schrager, who are employees of OHA and members of the board of directors of Expro Group Holdings N.V.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without indicating positive or negative implications. The sale could be part of a portfolio rebalancing strategy.

Negatives

• Oak Hill Advisors LP reduced its stake in Expro Group Holdings N.V. by selling 2,701,920 shares.

Industry Context

This transaction reflects activity by a major shareholder in the oilfield services sector, which can be influenced by factors such as energy prices, drilling activity, and overall market sentiment.

Stakeholder Impact

• The sale of shares by a major holder like Oak Hill Advisors LP could potentially influence investor sentiment regarding Expro Group Holdings N.V.

Key Dates