NOV (NYSE: NOV) CEO reports 4,995-share tax withholding from RSU vesting

Rhea-AI Filing Summary

NOV Inc. Chairman, President, and CEO Jose A. Bayardo reported a routine tax-related share disposition. On March 20, 2026, 4,995 shares of common stock were withheld at $18.68 per share to satisfy tax liabilities upon vesting of time-based restricted stock units granted on March 20, 2025. After this withholding, Bayardo directly holds 745,678 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

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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^*

Bayardo Jose A

(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
X	Officer (give title below)		Other (specify below)
	Chairman, President, and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

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	03/20/2026		F		4,995(1)	D	$18.68	745,678	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 March 20, 2025) to satisfy tax withholding liability.

	By: Peter F. Vranderic For: Jose A. Bayardo	03/24/2026
	** 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) report for Jose A. Bayardo?

NOV reported that Chairman, President, and CEO Jose A. Bayardo had 4,995 NOV common shares withheld for taxes. The shares were taken upon vesting of time-based restricted stock units granted on March 20, 2025, and were not an open-market sale.

Was the NOV (NOV) insider transaction an open-market sale of shares?

The transaction was not an open-market sale. 4,995 NOV common shares were withheld by the company to cover tax liabilities tied to vesting restricted stock units, a standard compensation-related mechanism rather than a discretionary decision to sell shares in the market.

How many NOV (NOV) shares does Jose A. Bayardo hold after the transaction?

After the tax-withholding disposition, Jose A. Bayardo directly holds 745,678 NOV common shares. This figure reflects his remaining direct ownership following the withholding of 4,995 shares related to the vesting of time-based restricted stock units granted in March 2025.

What triggered the share withholding in the NOV (NOV) Form 4 filing?

The share withholding was triggered by the vesting of time-based restricted stock units granted on March 20, 2025. When those units vested, NOV withheld 4,995 common shares at $18.68 per share to satisfy Bayardo’s tax withholding obligations associated with that equity compensation.

How is the NOV (NOV) Form 4 transaction coded and what does it mean?

The transaction is coded “F,” indicating payment of tax liability by delivering securities. In this case, 4,995 NOV common shares were withheld by the issuer to cover taxes on vested restricted stock units, rather than being voluntarily sold in the open market.