Hotchkis & Wiley holds 8.9% of NOV Inc. (NYSE: NOV) shares

Rhea-AI Filing Summary

Hotchkis and Wiley Capital Management, LLC, a Delaware investment adviser, reported beneficial ownership of 32,465,667 shares of NOV Inc. common stock, representing 8.9% of the class as of 12/31/2025.

The firm has sole voting power over 29,389,667 shares and sole dispositive power over the full 32,465,667 shares, with no shared voting or dispositive authority. The securities are owned of record by its investment advisory clients, who are entitled to dividends and sale proceeds, and no individual client is known to hold more than five percent of the class. The firm certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of NOV Inc.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

NOV Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

62955J103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 62955J103

1

Names of Reporting Persons

Hotchkis and Wiley Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 29,389,667.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 32,465,667.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

32,465,667.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NOV Inc.
(b)	Address of issuer's principal executive offices: 10353 Richmond Ave., Houston, TX, 77042
Item 2.
(a)	Name of person filing: Hotchkis and Wiley Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 62955J103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 32,465,667
(b)	Percent of class: 8.90%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 29,389,667
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 32,465,667
	(iv) Shared power to dispose or to direct the disposition of: 0 Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has the power to dispose of more Common Shares than it can vote.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities as to which this Schedule is filed by HWCM, in its capacity as investment adviser, are owned of record by clients of HWCM. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hotchkis and Wiley Capital Management, LLC

Signature:	Tina H. Kodama
Name/Title:	Tina H. Kodama | Chief Compliance Officer
Date:	02/17/2026

FAQ

What percentage of NOV (NOV) shares does Hotchkis and Wiley report owning?

Hotchkis and Wiley Capital Management, LLC reports beneficial ownership of 8.9% of NOV Inc. common stock. This represents 32,465,667 shares as of December 31, 2025, making the firm a significant institutional holder based on this Schedule 13G/A filing.

How many NOV (NOV) shares does Hotchkis and Wiley have voting power over?

Hotchkis and Wiley has sole voting power over 29,389,667 NOV Inc. shares. It reports no shared voting power, while retaining sole dispositive power over 32,465,667 shares held on behalf of its investment advisory clients.

Does Hotchkis and Wiley seek control of NOV (NOV) with this stake?

The firm states its NOV holdings are not intended to change or influence control. It certifies the securities were acquired and are held in the ordinary course of business, not in connection with any control-related transaction, other than activities tied to certain nomination rules.

Who ultimately benefits from the NOV (NOV) shares held by Hotchkis and Wiley?

The NOV shares are owned of record by Hotchkis and Wiley’s investment advisory clients. Those clients have rights to receive dividends and sale proceeds. The filing states no single client is known to hold more than five percent of the NOV common stock class.

What type of reporting person is Hotchkis and Wiley in this NOV (NOV) filing?

Hotchkis and Wiley Capital Management, LLC is an investment adviser organized in Delaware. It files this Schedule 13G/A based on its discretionary authority over NOV Inc. shares held in client accounts, rather than as a direct retail or corporate shareholder.

What is the key ownership date referenced in this NOV (NOV) Schedule 13G/A?

The key ownership date is December 31, 2025. As of this date, Hotchkis and Wiley Capital Management, LLC reports beneficial ownership of 32,465,667 NOV Inc. common shares, representing 8.9% of the company’s outstanding common stock class.