Weinstock Craig L. 4

What Happened

• Craig L. Weinstock, Senior Vice President & General Counsel of NOV Inc., exercised stock options to acquire 50,000 shares on 2026-02-23 (20,000 and 30,000 shares at $15.00 each; total cash paid $750,000).
• On the same date he sold a total of 70,000 shares in multiple open-market transactions for aggregate proceeds of approximately $1,405,421 (breakdown below).
• The filing also shows two derivative dispositions of 20,000 and 30,000 shares at $0.00 (these reflect option/derivative items reported on the Form 4).

Key Details

• Transaction date: 2026-02-23; Form 4 filed: 2026-02-24 (timely — within the required reporting window).
• Exercise (acquired): 20,000 @ $15.00 = $300,000; 30,000 @ $15.00 = $450,000 (total acquired 50,000 shares for $750,000).
• Open-market sales (disposed): 20,000 @ avg $20.32 = $406,442 (prices ranged $20.20–$20.37, per footnote); 30,000 @ avg $20.00 = $600,132 (prices ranged $20.00–$20.005); 10,495 @ avg $19.94 = $209,270 (prices ranged $19.93–$19.945); 9,505 @ $19.95 = $189,577. Total proceeds ≈ $1,405,421.
• Additional derivative disposals shown as 20,000 and 30,000 @ $0.00 (reported as derivative transactions on the Form 4).
• Footnote F4: the option covered a right to purchase 71,178 shares and became exercisable in three equal installments beginning Feb 22, 2022.
• Shares owned after the transactions were not provided in the summary data supplied here — see the full Form 4 for post-transaction holdings.

Context

• This was an exercise of options followed by same-day open-market sales. Reporting shows the exercise and sales occurred on the same date, which is commonly how option exercises are monetized (the Form 4 does not state the insider’s motivation).
• Footnotes note that reported sale prices are averages across multiple trades and give the per-trade price ranges; the reporting person can provide per-price breakdowns on request.
• The filing appears timely (filed the day after the transactions).