Director Robert S. Welborn gets 9,457-share NOV (NOV) equity award grant

Rhea-AI Filing Summary

Welborn Robert S. reported acquisition or exercise transactions in this Form 4 filing.

NOV Inc. director Robert S. Welborn reported an equity award of 9,457 shares of Common Stock on May 20. According to the footnote, this represents time-based restricted stock units granted under the NOV Inc. Long-Term Incentive Plan that will vest on the first anniversary of the grant. Following this award, he directly holds 55,429 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Welborn Robert S.

Role null

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

Holdings After Transaction: Common Stock — 55,429 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Equity award size: 9,457 shares Price per share: $0.0000 Post-award holdings: 55,429 shares

3 metrics

Equity award size 9,457 shares Time-based restricted stock units granted on May 20

Price per share $0.0000 Indicates non-cash equity compensation grant

Post-award holdings 55,429 shares Total Common Stock directly held after the transaction

Key Terms

restricted stock units, Long-Term Incentive Plan, transaction code "A", Common Stock

4 terms

restricted stock units financial

"An equity award of 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

"pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest on the first anniversary"

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.

transaction code "A" regulatory

"transaction_code": "A", "transaction_code_description": "Grant, award, or other acquisition""

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Welborn Robert S.

(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	55,429	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 time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest on the first anniversary of the date of the grant.

	By: Peter F. Vranderic For: Robert S. Welborn	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 did NOV (NOV) director Robert S. Welborn report in this Form 4?

NOV director Robert S. Welborn reported receiving an equity award of 9,457 shares of Common Stock. A footnote explains these are time-based restricted stock units granted under NOV Inc.’s Long-Term Incentive Plan, vesting on the first anniversary of the grant date.

How many NOV (NOV) shares does Robert S. Welborn hold after this award?

After this equity award, Robert S. Welborn directly holds 55,429 shares of NOV Common Stock. This figure includes the newly granted award reported in the filing and reflects his total direct ownership position as of the transaction date disclosed.

What are the vesting terms of Robert S. Welborn’s new NOV (NOV) equity award?

The filing notes the equity award is composed of time-based restricted stock units that vest on the first anniversary of the grant date. Vesting means the units convert into shares available to the director once the specified time condition is satisfied.

Was cash paid for the NOV (NOV) shares reported in this Form 4?

No cash was paid for these shares according to the filing, which lists a price per share of 0.0000. This indicates the award was granted as equity compensation rather than acquired through an open-market purchase transaction at a stated price.

Is Robert S. Welborn’s NOV (NOV) transaction a market buy or a compensation grant?

The transaction is characterized as a grant or award acquisition, not a market purchase. The Form 4 uses transaction code “A” and a footnote specifies it is an equity award of time-based restricted stock units under NOV Inc.’s Long-Term Incentive Plan.