NOV (NYSE: NOV) executive disposes shares to cover tax withholding

Rhea-AI Filing Summary

NOV Inc. executive Christy Lynn Novak, VP, Corporate Controller and Chief Accounting Officer, reported a tax-related share disposition. On the tax-withholding transaction date, 3,843 shares of common stock were withheld at a price of $20.28 per share to satisfy tax obligations from vesting restricted stock units. After this tax-withholding disposition, Novak directly held 103,430 shares of NOV common stock.

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^*

Novak Christy Lynn

(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)
	VP, Corp. Controller, CAO

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		3,843(1)	D	$20.28	103,430	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. 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.

	By: Peter F. Vranderic For: Christy H. Novak	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 Christy Lynn Novak report on this Form 4?

Christy Lynn Novak reported a tax-withholding disposition of NOV common stock. The transaction reflects shares withheld to cover taxes due on vesting restricted stock units, not an open-market stock sale, and updates her directly held share balance.

How many NOV (NOV) shares were disposed of for tax withholding?

The Form 4 reports 3,843 NOV common shares disposed of through tax withholding. These shares were withheld in connection with the vesting of time-based restricted stock units granted on February 23, 2023, to satisfy associated tax liabilities.

At what price were the withheld NOV (NOV) shares valued in the transaction?

The withheld NOV shares were valued at $20.28 per share for this tax-withholding disposition. This per-share value is used to determine the value of shares applied toward satisfying the reporting person’s tax withholding obligation on the vesting restricted stock units.

How many NOV (NOV) shares does Christy Lynn Novak hold after the transaction?

After the tax-withholding disposition, Christy Lynn Novak directly holds 103,430 NOV common shares. This updated ownership figure reflects the reduction of 3,843 shares withheld to satisfy tax obligations tied to vesting time-based restricted stock units.

What is the nature of the NOV (NOV) transaction code "F" on this Form 4?

Transaction code "F" indicates payment of tax liability by delivering securities. In this filing, it represents NOV shares withheld from vested restricted stock units to cover taxes, classified as a tax-withholding disposition rather than a market purchase or sale.

What role does Christy Lynn Novak hold at NOV (NOV) in this filing?

Christy Lynn Novak is identified as NOV’s Vice President, Corporate Controller and Chief Accounting Officer. Her insider status and officer position require reporting equity transactions such as this tax-withholding disposition of common stock related to restricted stock unit vesting.