Matthew Gillard - 16 Aug 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC.

Role: Chief Operating Officer
Signature: Kevin McDonald, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 16 Aug 2023
Net transactions value: -$141,937
Form type: 4
Filing time: 18 Aug 2023, 16:10:55 UTC
Previous filing: 11 Jan 2023
Next filing: 06 Sep 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	+33,000	+50%	$0.000000	99,500	16 Aug 2023	Direct	F1
transaction	NEX	Common Stock	Tax liability	$141,937	-12,986	-13%	$10.93	86,514	16 Aug 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	-33,000	-13%	$0.000000	213,533	16 Aug 2023	Common Stock	33,000		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 August 16, 2021, the reporting person was granted 100,000 restricted stock units that vest in three equal installments on each of August 16, 2022, 2023 and 2024.