Robert Wayne Drummond Jr - Feb 27, 2022 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
Feb 27, 2022
Transactions value $
-$245,416
Form type
4
Date filed
3/1/2022, 04:56 PM
Previous filing
Jan 7, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise +80.6K +7.18% 1.2M Feb 27, 2022 Direct F1, F2
transaction NEX Common Stock Tax liability -$245K -34.1K -2.84% $7.19 1.17M Feb 27, 2022 Direct F2

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 -80.6K -5.38% $0.00 1.42M Feb 27, 2022 Common Stock 80.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 Balance has been increased by 4,578 shares of common stock to reflect the amended information set forth in column 5 of the reporting person's Form 4 filed on January 6, 2022 (as amended).
F3 The recipient received a grant of 241,791 RSUs in February of 2019, which vested in three ratable installments on each of February 27, 2020, 2021 and 2022.