NOV executive exercises options and sells shares

NOV Inc. executive Joseph W. Rovig, President - Energy Equipment, reported several stock and option transactions dated February 23, 2026.

Rhea-AI Filing Summary

NOV Inc. executive Joseph W. Rovig, President - Energy Equipment, reported several stock and option transactions dated February 23, 2026. He exercised two non-qualified stock options covering 79,086 shares at $15.00 per share and 72,000 shares at $16.73 per share, receiving common stock.

Rovig then sold 151,086 shares of NOV common stock in open-market transactions at an average price of $20.1653 per share, with individual trades ranging from $20.045 to $20.265. After these transactions he held 269,694 shares directly, plus 1,011 share equivalents through the NOV Inc. 401(k) Plan as of February 23, 2026.

Insider Trade Summary

Exercise and Sale: 151,086 shares ($656K approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Rovig Joseph W

Role President - Energy Equipment

Sold 151,086 shs ($3.05M)

Approx. gross sale proceeds $3.05M

Approx. exercise cost $2.39M

Approx. pre-tax spread $656K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	79,086	$0.00	$0.00
Exercise	Non-Qualified Stock Option (right to buy)	72,000	$0.00	$0.00
Exercise	Common Stock	79,086	$15.00	$1.19M
Exercise	Common Stock	72,000	$16.73	$1.20M
Sale	Common Stock	151,086	$20.1653	$3.05M
holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 269,694 shares (Direct); Common Stock — 1,011 shares (Indirect, By 401(k) Plan)

Footnotes (4)

1. F1. The price reported in column 4 is the average price. These shares were sold in multiple transactions. The prices for these shares ranged from $20.045 to $20.265. The reporting person undertakes to provide to NOV Inc., any securityholder of NOV Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth within this footnote (1) to this Form 4.
2. F2. 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.
3. F3. The option, representing a right to purchase a total of 79,086 shares, became exercisable in three equal installments beginning on February 22, 2022, which was the first anniversday of the date on which the option was granted.
4. F4. The option, representing a right to purchase a total of 72,000 shares, became exercisable in three equal installments beginning on February 15, 2023, which was the first anniversday of the date on which the option was granted.

FAQ

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What insider transactions did NOV (NOV) report for Joseph W. Rovig?

NOV reported that Joseph W. Rovig exercised two stock option grants and sold common shares on February 23, 2026. He converted 79,086 and 72,000 options into stock, then sold 151,086 shares in open-market transactions at an average price of $20.1653 per share.

How many NOV (NOV) shares did Joseph W. Rovig sell and at what price?

Joseph W. Rovig sold 151,086 NOV common shares in open-market transactions at an average price of $20.1653 per share. The footnotes state these sales occurred in multiple trades, with prices ranging from $20.045 to $20.265 on February 23, 2026.

What NOV (NOV) stock options did Joseph W. Rovig exercise?

Rovig exercised two non-qualified stock option grants, one for 79,086 shares at $15.00 per share and another for 72,000 shares at $16.73 per share. Footnotes explain each option became exercisable in three equal installments beginning in 2022 and 2023, respectively.

How many NOV (NOV) shares does Joseph W. Rovig own after these transactions?

After the reported transactions, Rovig directly held 269,694 NOV common shares. In addition, he beneficially owned 1,011 share equivalents through the NOV Inc. 401(k) Plan, based on his account balance as of February 23, 2026, according to the footnote disclosure.

What role does Joseph W. Rovig hold at NOV (NOV)?

Joseph W. Rovig serves as President - Energy Equipment at NOV Inc. This officer role is disclosed in the Form 4 header, which identifies him as the reporting person for the option exercises and common stock sales reported for February 23, 2026.

How were NOV (NOV) share sale prices detailed in the filing?

The filing reports a single average sale price of $20.1653 per share for 151,086 shares. A footnote clarifies the sales occurred in multiple transactions, with individual trade prices ranging from $20.045 to $20.265, and offers further breakdown to interested parties upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/24/2026 - 12:50 PM Learn about SEC filing dates

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^*

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		M		79,086	A	$15	348,780	D
Common Stock	02/23/2026		M		72,000	A	$16.73	420,780	D
Common Stock	02/23/2026		S		151,086	D	$20.1653(1)	269,694	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
Non-Qualified Stock Option (right to buy)	$15	02/23/2026		M			79,086	(3)	02/23/2031	Common Stock	79,086	$0.00	0	D
Non-Qualified Stock Option (right to buy)	$16.73	02/23/2026		M			72,000	(4)	02/16/2032	Common Stock	72,000	$0.00	0	D

Explanation of Responses:

1. The price reported in column 4 is the average price. These shares were sold in multiple transactions. The prices for these shares ranged from $20.045 to $20.265. The reporting person undertakes to provide to NOV Inc., any securityholder of NOV Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth within this footnote (1) to this Form 4.

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.

3. The option, representing a right to purchase a total of 79,086 shares, became exercisable in three equal installments beginning on February 22, 2022, which was the first anniversday of the date on which the option was granted.

4. The option, representing a right to purchase a total of 72,000 shares, became exercisable in three equal installments beginning on February 15, 2023, which was the first anniversday of the date on which the option was granted.

	By: Peter F. Vranderic For: Joseph W. Rovig	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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