Kevin McDonald - Jan 2, 2022 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role
EVP, Chief Admin. Officer & GC
Signature
/s/ Kevin McDonald
Stock symbol
NEX
Transactions as of
Jan 2, 2022
Transactions value $
-$213,951
Form type
4
Date filed
1/6/2022, 06:17 PM
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise +40.5K +22.29% 222K Jan 2, 2022 Direct F1
transaction NEX Common Stock Tax liability -$61.3K -17.3K -7.77% $3.55 205K Jan 2, 2022 Direct
transaction NEX Common Stock Options Exercise +79.5K +38.78% 285K Jan 4, 2022 Direct F1
transaction NEX Common Stock Tax liability -$153K -31.2K -10.94% $4.90 254K Jan 4, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEX Restricted Stock Units Options Exercise $0 -40.5K -11.94% $0.00 299K Jan 2, 2022 Common Stock 40.5K Direct F1, F2
transaction NEX Restricted Stock Units Options Exercise $0 -79.5K -26.6% $0.00 220K Jan 4, 2022 Common Stock 79.5K Direct F1, F3
transaction NEX Restricted Stock Units Award $0 +149K +67.98% $0.00 369K Jan 3, 2022 Common Stock 149K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 The restricted stock units vest in three ratable installments on each of January 2, 2021, 2022 and 2023.
F3 The restricted stock units vest in three ratable installments on each of January 4, 2022, 2023 and 2024.
F4 The restricted stock units will vest in three ratable installments on each of January 3, 2023, 2024 and 2025.