Matthew Gillard - Aug 16, 2022 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role
Chief Operating Officer
Signature
Kevin McDonald, Attorney-in-Fact
Stock symbol
NEX
Transactions as of
Aug 16, 2022
Transactions value $
-$194,678
Form type
4
Date filed
1/5/2023, 08:52 PM
Previous filing
Jan 6, 2022
Next filing
Jan 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise $0 +34K $0.00 34K Aug 16, 2022 Direct
transaction NEX Common Stock Tax liability -$70.9K -8.28K -24.35% $8.56 25.7K Aug 16, 2022 Direct
transaction NEX Common Stock Options Exercise $0 +55.4K +215.24% $0.00 81.1K Jan 3, 2023 Direct
transaction NEX Common Stock Tax liability -$124K -14.6K -17.99% $8.49 66.5K Jan 3, 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 -34K -13.24% $0.00 223K Aug 16, 2022 Common Stock 34K Direct F1, F2
transaction NEX Restricted Stock Units Options Exercise $0 -55.4K -24.19% $0.00 173K Jan 3, 2023 Common Stock 55.4K Direct F1, F3
transaction NEX Restricted Stock Units Award $0 +73.1K +42.12% $0.00 247K Jan 3, 2023 Common Stock 73.1K Direct F1, F4
* 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, vesting in three installments, on each of August 16, 2022, 2023 and 2024.
F3 On January 3, 2022, the Reporting Person was granted 162,826 restricted stock units, vesting in three annual installments on each of January 3, 2023, 2024 and 2025.
F4 These restricted stock units vest in three equal installments on each of January 3, 2024, 2025 and 2026.