Kevin McDonald - Feb 27, 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: Feb 27, 2022
Transactions value $: -$66,062
Form type: 4
Date filed: 3/1/2022, 04:51 PM
Previous filing: Jan 20, 2022
Next filing: May 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEX	Common Stock	Options Exercise		+24.6K	+7.12%		370K	Feb 27, 2022	Direct	F1
transaction	NEX	Common Stock	Tax liability	-$66.1K	-9.19K	-2.48%	$7.19	361K	Feb 27, 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	-24.6K	-6.67%	$0.00	344K	Feb 27, 2022	Common Stock	24.6K		Direct	F1, F2

* 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 recipient received a grant of 73,793 RSUs in February of 2019, which vested in three ratable installments on each of February 27, 2020, 2021 and 2022.