Rovig Joseph W 4

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.