Robert Wayne Drummond Jr. - 27 Feb 2022 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC.

Role: President & CEO, Director
Signature: /s/ Kevin McDonald, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 27 Feb 2022
Net transactions value: -$245,416
Form type: 4
Filing time: 01 Mar 2022, 16:56:07 UTC
Previous filing: 07 Jan 2022
Next filing: 17 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEX	Common Stock	Options Exercise		+80,597	+7.2%		1,202,476	27 Feb 2022	Direct	F1, F2
transaction	NEX	Common Stock	Tax liability	$245,416	-34,133	-2.8%	$7.19	1,168,343	27 Feb 2022	Direct	F2

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	-80,597	-5.4%	$0.000000	1,418,354	27 Feb 2022	Common Stock	80,597		Direct	F1, F3

* 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	Balance has been increased by 4,578 shares of common stock to reflect the amended information set forth in column 5 of the reporting person's Form 4 filed on January 6, 2022 (as amended).
F3	The recipient received a grant of 241,791 RSUs in February of 2019, which vested in three ratable installments on each of February 27, 2020, 2021 and 2022.