Rovig Joseph W 4
4 · NOV Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
NOV President Joseph W. Rovig Exercises Options, Sells Shares
What Happened Joseph W. Rovig, President — Energy Equipment at NOV Inc. (NOV), exercised two option grants on Feb 23, 2026 to acquire a total of 151,086 shares (79,086 at $15.00 and 72,000 at $16.73), paying $1,186,290 and $1,204,560 respectively (total exercise cost $2,390,850). He then sold all 151,086 shares in open-market transactions for aggregate proceeds of $3,046,695 (average price $20.17; sales ranged $20.045–$20.265).
Key Details
- Transaction date: February 23, 2026 (Form filed Feb 24, 2026 — appears timely).
- Options exercised: 79,086 shares @ $15.00 (cost $1,186,290) and 72,000 shares @ $16.73 (cost $1,204,560).
- Shares sold: 151,086 shares in open market; average sale price $20.17; total proceeds $3,046,695 (prices ranged $20.045–$20.265).
- Net effect: exercised 151,086 options and sold the acquired shares (net cash proceeds ≈ $655,845).
- Footnotes: F1 notes the sale prices were multiple trades within the stated range and full breakdown is available on request. F3 & F4 describe vesting schedules for the two option grants (exercisable in three installments beginning Feb 22, 2022 and Feb 15, 2023). F2 indicates additional NOV holdings in Mr. Rovig’s 401(k) plan as of Feb 23, 2026 (amount not shown in this excerpt).
- Shares owned after transaction: Not specified in the provided excerpt; see the full Form 4 for total beneficial ownership counts.
Context
- This was an option exercise followed immediately by an open-market sale of the exercised shares (a common way to realize value from vested options). The filing shows the exercised shares were sold rather than retained, which is typically neutral to bearish/bullish interpretation — it reflects liquidity/compensation realization rather than a direct vote on company prospects.
- No 10% ownership, gift, or 10b5-1 plan is indicated in the provided excerpt.
Insider Transaction Report
Form 4
NOV Inc.NOV
Rovig Joseph W
President - Energy Equipment
Transactions
- Exercise/Conversion
Common Stock
2026-02-23$15.00/sh+79,086$1,186,290→ 348,780 total - Exercise/Conversion
Common Stock
2026-02-23$16.73/sh+72,000$1,204,560→ 420,780 total - Sale
Common Stock
[F1]2026-02-23$20.17/sh−151,086$3,046,695→ 269,694 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F3]2026-02-23−79,086→ 0 totalExercise: $15.00Exp: 2031-02-23→ Common Stock (79,086 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F4]2026-02-23−72,000→ 0 totalExercise: $16.73Exp: 2032-02-16→ Common Stock (72,000 underlying)
Holdings
- 1,011(indirect: By 401(k))
Common Stock
[F2]
Footnotes (4)
- [F1]The price reported in column 4 is the average price. These shares were sold in multiple transactions. The prices for these shares ranged from $20.045 to $20.265. The reporting person undertakes to provide to NOV Inc., any securityholder of NOV Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth within this footnote (1) to this Form 4.
- [F2]Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of February 23, 2026.
- [F3]The option, representing a right to purchase a total of 79,086 shares, became exercisable in three equal installments beginning on February 22, 2022, which was the first anniversday of the date on which the option was granted.
- [F4]The option, representing a right to purchase a total of 72,000 shares, became exercisable in three equal installments beginning on February 15, 2023, which was the first anniversday of the date on which the option was granted.
Signature
By: Peter F. Vranderic For: Joseph W. Rovig|2026-02-24