Robert Wayne Drummond Jr - Jan 2, 2023 Form 4/A - Amendment 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 2, 2023
Transactions value $
-$2,696,592
Form type
4/A - Amendment
Date filed
1/11/2023, 08:15 PM
Date Of Original Report
Jan 4, 2023
Previous filing
Aug 17, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Tax liability -$587K -63.6K -4.83% $9.24 1.25M Jan 2, 2023 Direct F1
transaction NEX Common Stock Tax liability -$746K -87.9K -6.02% $8.49 1.37M Jan 3, 2023 Direct F2
transaction NEX Common Stock Award $0 +374K +23.95% $0.00 1.94M Jan 6, 2023 Direct F3
transaction NEX Common Stock Tax liability -$1.36M -158K -8.18% $8.60 1.78M Jan 6, 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 Award $0 +261K +20.54% $0.00 1.53M Jan 2, 2023 Common Stock 261K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment is being filed to correct an error in the number of shares reported in columns 4 and 5 of the Reporting Person's Form 4 filed on January 4, 2023
F2 This amendment is being filed to correct an error in the number of shares reported in columns 4 and 5 of the Reporting Person's Form 4 filed on January 5, 2023.
F3 Shares of common stock were acquired for no consideration upon the vesting of performance share awards.
F4 Each restricted stock unit represents a contingent right to receive one share of NEX common stock.
F5 This amendment is being filed to address an error in the date reported in column 3 and the amount reported in column 9 of the Reporting Person's Form 4 filed on January 5, 2023. After giving effect to this amendment, the number of derivative securities beneficially owned as of the filing date of this Form 4/A is 993,894.
F6 These restricted stock units vest in three equal installments (34%, 33%, 33%) on each of January 2, 2024, 2025 and 2026.