Clay C. Williams - Feb 15, 2022 Form 4 Insider Report for NOV Inc. (NOV)

Role: Chairman, President and CEO, Director
Signature: By: Brigitte M. Hunt For: Clay C. Williams
Stock symbol: NOV
Transactions as of: Feb 15, 2022
Transactions value $: -$421,830
Form type: 4
Date filed: 2/17/2022, 05:25 PM
Previous filing: Jan 5, 2022
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOV	Common Stock	Award	$0	+79.2K	+9.71%	$0.00	894K	Feb 15, 2022	Direct	F1
transaction	NOV	Common Stock	Tax liability	-$422K	-25.2K	-2.82%	$16.73	869K	Feb 15, 2022	Direct	F2
transaction	NOV	Common Stock	Award	$0	+128K	+14.7%	$0.00	997K	Feb 15, 2022	Direct	F3
holding	NOV	Common Stock						30K	Feb 15, 2022	by Children's Trusts
holding	NOV	Common Stock						45	Feb 15, 2022	by NOV Saving Plan	F4

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	+342K		$0.00	342K	Feb 15, 2022	Common Stock	342K	$16.73	Direct	F5

* 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. Williams on February 27, 2019.
F2	Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Williams on February 27, 2019 to satisfy tax withholding liability.
F3	An equity award of time-based restricted stock units pursuant to the National Oilwell Varco, Inc. 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	Represents the number of shares equivalent of the Issuer's common stock held by Mr. Williams under the NOV Inc. Supplemental Savings Plan. The information in this report is based on Mr. Williams' account balance as of February 15, 2022.
F5	The option, awarded pursuant to the National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan, representing a right to purchase a total of 342,000 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.