NOV Inc. — Director's Dealing 2023

Feb 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOV Inc. (NOV)
CIK: 0001021860
Period of Report: 2023-02-23

Reporting Person: Shelton Kirk M. (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-23	Common Stock	A	28361	$0.00	Acquired	254933	Direct
2023-02-23	Common Stock	D	11161	$21.76	Disposed	243772	Direct
2023-02-23	Common Stock	A	21829	$0.00	Acquired	265601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-23	Non-Qualified Stock Option (right to buy)	$21.76	A	48718	Acquired	2033-02-24	Common Stock (48718)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9	Indirect

Footnotes

F1: Represents the total number of shares that vested from the performance share awards granted to Mr. Shelton on February 25, 2020.

F2: Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Shelton 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: Represents the number of shares equivalent of NOV common stock held by Mr. Shelton under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Shelton's account balance as of February 24, 2023.

F5: The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 48,718 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.