Kevin McDonald - Jan 3, 2023 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 3, 2023
Transactions value $
-$160,928
Form type
4
Date filed
1/5/2023, 08:54 PM
Previous filing
Jan 11, 2023
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise $0 +50.7K +17.79% $0.00 336K Jan 3, 2023 Direct
transaction NEX Common Stock Tax liability -$161K -19K -5.64% $8.49 317K Jan 3, 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 -50.7K -16.71% $0.00 253K Jan 3, 2023 Common Stock 50.7K Direct F1, F2
transaction NEX Restricted Stock Units Award $0 +62.6K +24.76% $0.00 316K Jan 3, 2023 Common Stock 62.6K 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 149,257 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.