Robert Wayne Drummond Jr - Jan 4, 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role: President & CEO, Director
Signature: /s/ Kevin McDonald, Attorney-in-Fact
Stock symbol: NEX
Transactions as of: Jan 4, 2023
Transactions value $: -$1,180,727
Form type: 4
Date filed: 1/6/2023, 06:45 PM
Previous filing: Jan 5, 2023
Next filing: Jun 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEX	Common Stock	Options Exercise		+330K	+24.04%		1.7M	Jan 4, 2023	Direct	F1
transaction	NEX	Common Stock	Tax liability	-$1.18M	-140K	-8.21%	$8.45	1.56M	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	-330K	-24.92%	$0.00	994K	Jan 4, 2023	Common Stock	330K		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 999,821 restricted stock units, vesting in ratable installments on each of January 4, 2022, 2023 and 2024.