Bayardo Jose A 4

What Happened

• Jose A. Bayardo, Chairman, President and CEO of NOV Inc. (NOV), had 5,241 shares withheld to satisfy tax withholding on the vesting of time-based restricted stock units. The shares were recorded at $18.91 each for a total value of approximately $99,107. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-06; filing date: 2026-02-09 (timely filing).
• Price used for withholding: $18.91 per share; total value: ~$99,107.
• Shares involved: 5,241 shares withheld (disposed) to cover taxes.
• Footnote: Represents shares withheld from RSUs granted on February 6, 2024 to satisfy tax withholding liability (tax-withholding/cashless retention).
• Shares owned after transaction: Not specified in the provided Form 4.

Context

• This type of transaction (code F) is a routine tax-withholding action when restricted stock units vest and does not necessarily reflect a purchase or sale decision on the open market.
• For retail investors, purchases typically carry more informational weight than tax-withholding disposals; treat this as an administrative transaction.