Craig L. Weinstock - 15 Feb 2022 Form 4 Insider Report for NOV Inc. (NOV)

Role: Sr. VP. & Gen. Counsel
Signature: By: Brigitte M. Hunt For: Craig L. Weinstock
Issuer symbol: NOV
Transactions as of: 15 Feb 2022
Net transactions value: -$61,064
Form type: 4
Filing time: 17 Feb 2022, 17:22:01 UTC
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOV	Common Stock	Award	$0	+15,002	+10%	$0.000000	160,878	15 Feb 2022	Direct	F1
transaction	NOV	Common Stock	Tax liability	$61,064	-3,650	-2.3%	$16.73	157,228	15 Feb 2022	Direct	F2
transaction	NOV	Common Stock	Award	$0	+24,208	+15%	$0.000000	181,436	15 Feb 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NOV	Non-Qualified Stock Option (right to buy)	Award	$0	+64,800		$0.000000	64,800	15 Feb 2022	Common Stock	64,800	$16.73	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the total number of shares that vested from the performance share awards granted to Mr. Weinstock on February 27, 2019.
F2	Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Weinstock on February 27, 2019 to satisfy tax withholding liability.
F3	An equity award of time-based restricted stock units pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.
F4	The option, awarded pursuant to the National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan, representing a right to purchase a total of 64,800 shares, will become exercisable in three equal annual installments beginning on February 15, 2023, which will be the first anniversary of the date on which the option was granted.