Tax-withheld share disposition by NOV (NOV) executive Joseph W. Rovig

Rhea-AI Filing Summary

NOV Inc. executive Joseph W. Rovig reported a tax-related share disposition tied to vesting equity awards. On February 23, 2026, 2,864 shares of common stock were withheld at $20.28 per share to satisfy tax withholding on time-based restricted stock units granted on February 23, 2023.

After this tax-withholding disposition, Rovig directly held 266,830 NOV common shares. He also indirectly held the equivalent of 1,011 NOV common shares through the NOV Inc. 401(k) Plan based on his account balance as of February 23, 2026.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Rovig Joseph W

(Last) (First) (Middle)

10353 RICHMOND AVE.

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NOV Inc. [ NOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President - Energy Equipment

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/23/2026		F		2,864(1)	D	$20.28	266,830	D
Common Stock								1,011(2)	I	by 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 23, 2023) to satisfy tax withholding liability.

2. Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of February 23, 2026.

	By: Peter F. Vranderic For: Joseph W. Rovig	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did NOV (NOV) executive Joseph W. Rovig report in this Form 4 filing?

Joseph W. Rovig reported a tax-withholding disposition of NOV common stock. 2,864 shares were withheld to cover taxes due on vesting time-based restricted stock units granted on February 23, 2023, rather than being sold in an open-market transaction.

How many NOV (NOV) shares were withheld for taxes from Joseph W. Rovig’s RSU vesting?

2,864 NOV common shares were withheld to satisfy tax withholding obligations. The shares relate to time-based restricted stock units granted on February 23, 2023, and the withholding price reported was $20.28 per share for this tax-related disposition.

How many NOV (NOV) shares does Joseph W. Rovig hold after this reported transaction?

After the tax-withholding disposition, Joseph W. Rovig directly held 266,830 NOV common shares. In addition, he indirectly held the equivalent of 1,011 NOV common shares through the NOV Inc. 401(k) Plan as of February 23, 2026.

Was Joseph W. Rovig’s NOV (NOV) Form 4 transaction an open-market sale?

No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld from vesting restricted stock units to cover tax liabilities, as described in the filing’s footnote rather than being voluntarily sold on the market.

What role does the NOV Inc. 401(k) Plan play in Joseph W. Rovig’s NOV (NOV) holdings?

Joseph W. Rovig indirectly holds NOV stock through the NOV Inc. 401(k) Plan. The filing notes 1,011 share equivalents of NOV common stock in his 401(k) account based on his plan balance as of February 23, 2026.

What does transaction code F mean in Joseph W. Rovig’s NOV (NOV) Form 4?

Transaction code F signifies payment of exercise price or tax liability using securities. In this case, it reflects shares of NOV common stock withheld from vested restricted stock units to satisfy tax withholding obligations, rather than a discretionary market sale.