Robert Wayne Drummond Jr. - 03 Jan 2023 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
03 Jan 2023
Net transactions value
-$746,288
Form type
4
Filing time
05 Jan 2023, 20:45:21 UTC
Previous filing
11 Jan 2023
Next filing
06 Jan 2023
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 $0 +207,603 +17% $0.000000 1,460,316 03 Jan 2023 Direct
transaction NEX Common Stock Tax liability $746,288 -87,902 -6% $8.49 1,372,414 03 Jan 2023 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 -207,603 -16% $0.000000 1,062,875 03 Jan 2023 Common Stock 207,603 Direct F1, F2
transaction NEX Restricted Stock Units Award $0 +260,960 +25% $0.000000 1,323,835 03 Jan 2023 Common Stock 260,960 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of NEX common stock.
F2 On January 3, 2022, the Reporting Person was granted 610,596 restricted stock units, vesting in three ratable installments on each of January 3, 2023, 2024 and 2025.
F3 These restricted stock units vest in three equal installments on each of January 3, 2024, 2025 and 2026.