Oladipo Iluyomade - 03 Jan 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC.

Role
Chief Accounting Officer
Signature
/s/ Kevin McDonald, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Jan 2023
Net transactions value
-$23,229
Form type
4
Filing time
05 Jan 2023, 20:49:12 UTC
Previous filing
11 Jan 2023
Next filing
27 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 +9,227 +72% $0.000000 22,060 03 Jan 2023 Direct
transaction NEX Common Stock Tax liability $23,229 -2,736 -12% $8.49 19,324 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 -9,227 -23% $0.000000 31,573 03 Jan 2023 Common Stock 9,227 Direct F1, F2
transaction NEX Restricted Stock Units Award $0 +13,048 +41% $0.000000 44,621 03 Jan 2023 Common Stock 13,048 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 10, 2022, the Reporting Person was granted 27,138 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 (34%, 33%, 33%) on each of January 3, 2023, 2024 and 2025.