Director at NOV (NYSE: NOV) awarded 9,457 deferred restricted stock units

Rhea-AI Filing Summary

Chowbey Sanjay reported acquisition or exercise transactions in this Form 4 filing.

NOV Inc. director Sanjay Chowbey received an equity grant of 9,457 shares of common stock as a compensation award, reported at a grant price of $0.00 per share. These are deferred time-based restricted stock units under the NOV Inc. Long-Term Incentive Plan.

Under the director’s election in the National Oilwell Varco, Inc. Director Nonqualified Deferred Compensation Plan, these units will be distributed in installments beginning on January 15, 2030 and continuing for three additional calendar years. Following this award, Chowbey directly holds 9,457 shares according to the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chowbey Sanjay

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,457	$0.00	--

Holdings After Transaction: Common Stock — 9,457 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 9,457 shares Grant price: $0.00 per share Shares held after grant: 9,457 shares +2 more

5 metrics

RSU grant size 9,457 shares Deferred time-based restricted stock units granted to director

Grant price $0.00 per share Reported grant price for awarded restricted stock units

Shares held after grant 9,457 shares Total common shares directly held following transaction

Distribution start date January 15, 2030 Installment distributions of deferred RSUs commence

Distribution period Three additional calendar years Length of installment distributions after start date

Key Terms

restricted stock units, Long-Term Incentive Plan, Director Nonqualified Deferred Compensation Plan, installment distributions

4 terms

restricted stock units financial

"An equity award of deferred time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Long-Term Incentive Plan financial

"deferred time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Director Nonqualified Deferred Compensation Plan financial

"pursuant to the Director's election under the National Oilwell Varco, Inc. Director Nonqualified Deferred Compensation Plan"

installment distributions financial

"be distributed in a series of installment distributions commencing on January 15, 2030"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Chowbey Sanjay

(Last) (First) (Middle)

10353 RICHMOND AVE.

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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	05/20/2026		A		9,457(1)	A	$0	9,457	D

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. An equity award of deferred time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will, pursuant to the Director's election under the National Oilwell Varco, Inc. Director Nonqualified Deferred Compensation Plan, be distributed in a series of installment distributions commencing on January 15, 2030 and continuing for an additional three calendar years.

	By: Peter F. Vranderic For: Sanjay K. Chowbey	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NOV (NOV) disclose for Sanjay Chowbey?

NOV reported that director Sanjay Chowbey received an equity grant of 9,457 shares of common stock as a deferred, time-based restricted stock unit award under the NOV Inc. Long-Term Incentive Plan, recorded at a grant price of $0.00 per share as director compensation.

How many NOV (NOV) shares does Sanjay Chowbey hold after this Form 4?

After this grant, Sanjay Chowbey is reported as directly holding 9,457 shares of NOV common stock. This entire position reflects the newly awarded restricted stock units described in the filing, rather than open-market purchases, and represents his visible holdings in this specific Form 4 report.

When will Sanjay Chowbey’s NOV (NOV) deferred restricted stock units be distributed?

The deferred time-based restricted stock units will be distributed in installments starting on January 15, 2030. According to the filing, distributions will then continue for an additional three calendar years, reflecting the director’s election under the applicable nonqualified deferred compensation plan.

What plans govern Sanjay Chowbey’s NOV (NOV) restricted stock unit award?

The award is granted under the NOV Inc. Long-Term Incentive Plan and is subject to the director’s election under the National Oilwell Varco, Inc. Director Nonqualified Deferred Compensation Plan. These plans together define the equity award structure and the deferred distribution schedule described in the Form 4.

Was Sanjay Chowbey’s NOV (NOV) transaction an open-market buy or sell?

No, the reported transaction is a grant of 9,457 restricted stock units with a stated price of $0.00 per share. It represents director compensation rather than an open-market purchase or sale, so it carries a weaker market signal than discretionary trading in NOV shares.