Jose A. Bayardo - Feb 23, 2023 Form 4 Insider Report for NOV Inc. (NOV)

Role: Senior VP and CFO
Signature: By: Brigitte M. Hunt For: Jose A. Bayardo
Stock symbol: NOV
Transactions as of: Feb 23, 2023
Transactions value $: -$364,284
Form type: 4
Date filed: 2/27/2023, 06:25 PM
Previous filing: Feb 24, 2023
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOV	Common Stock	Award	$0	+42.5K	+12.23%	$0.00	390K	Feb 23, 2023	Direct	F1
transaction	NOV	Common Stock	Tax liability	-$364K	-16.7K	-4.29%	$21.76	374K	Feb 23, 2023	Direct	F2
transaction	NOV	Common Stock	Award	$0	+32.2K	+8.61%	$0.00	406K	Feb 23, 2023	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	+71.8K		$0.00	71.8K	Feb 23, 2023	Common Stock	71.8K	$21.76	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. Bayardo on February 25, 2020.
F2	Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Bayardo on February 25, 2020 to satisfy tax withholding liability.
F3	An equity award of time-based restricted stock units pursuant to the NOV Inc. 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 NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 71,795 shares, will become exercisable in three equal annual installments beginning on February 23, 2024, which will be the first anniversary of the date on which the option was granted.