Kevin McDonald - Jan 4, 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 4, 2023
Transactions value $: -$243,673
Form type: 4
Date filed: 1/6/2023, 06:42 PM
Previous filing: Jan 5, 2023
Next filing: Aug 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEX	Common Stock	Options Exercise		+77.2K	+24.35%		394K	Jan 4, 2023	Direct	F1
transaction	NEX	Common Stock	Tax liability	-$244K	-28.8K	-7.31%	$8.45	365K	Jan 4, 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	-77.2K	-24.47%	$0.00	238K	Jan 4, 2023	Common Stock	77.2K		Direct	F1, F2

* 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 4, 2021, the Reporting Person was granted 233,958 restricted stock units, vesting in three ratable installments on each of January 4, 2022, 2023 and 2024.