Oladipo Iluyomade - 18 Jul 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC.

Signature
/s/ Kevin McDonald, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
18 Jul 2023
Net transactions value
-$27,401
Form type
4
Filing time
20 Jul 2023, 16:06:22 UTC
Previous filing
08 Mar 2023
Next filing
24 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Sale $27,401 -2,491 -22% $11.00 9,056 18 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of 2,491 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2023.