Sec Form 3 Filing - Shelton Kirk M. @ NOV Inc. - 2022-03-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Shelton Kirk M. 2. Issuer Name and Ticker or Trading Symbol NOV Inc. [ NOV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Pres. - Compl. and Prod. Sol. (Last) (First) (Middle) C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2022 (Street) HOUSTON, TX77036 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 178,638 D Common Stock 7,414( 1 ) D Common Stock 20,000( 2 ) D Common Stock 26,898( 3 ) D Common Stock 9 I By 401K Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option (right to buy) $ 63.926 ( 4 ) 02/16/2023 Common Stock 13,753 D Non-Qualified Stock Option (right to buy) $ 68.997 ( 5 ) 02/26/2024 Common Stock 27,850 D Non-Qualified Stock Option (right to buy) $ 54.74 ( 6 ) 02/26/2025 Common Stock 54,700 D Non-Qualified Stock Option (right to buy) $ 28.34 ( 7 ) 02/25/2026 Common Stock 44,843 D Non-Qualified Stock Option (right to buy) $ 38.86 ( 8 ) 02/23/2027 Common Stock 79,830 D Non-Qualified Stock Option (right to buy) $ 35.09 ( 9 ) 02/29/2028 Common Stock 71,504 D Non-Qualified Stock Option (right to buy) $ 28.72 ( 10 ) 02/28/2029 Common Stock 65,934 D Non-Qualified Stock Option (right to buy) $ 20.23 ( 11 ) 02/26/2030 Common Stock 77,187 D Non-Qualified Stock Option (right to buy) $ 15 ( 12 ) 02/23/2031 Common Stock 79,086 D Non-Qualified Stock Option (right to buy) $ 16.73 ( 13 ) 02/16/2032 Common Stock 72,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Shelton Kirk M. C/O NOV INC. 7909 PARKWOOD CIRCLE DRIVE HOUSTON, TX77036 Pres. - Compl. and Prod. Sol. Signatures /s/ Brigitte M. Hunt, Attorney-in-Fact for the reporting person. 04/06/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the remaining unvested portion of time-based restricted stock granted on 02/25/2020 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which began vesting in three equal annual installments on the first anniversary of the date of grant. ( 2 )Represents a time-based restricted stock award granted on 02/22/2021 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of grant. ( 3 )Represents an equity award of time-based restricted stock units granted on 02/15/2022 pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of grant. ( 4 )This option is exercisable in three equal annual installments beginning on 02/15/2014. ( 5 )This option is exercisable in three equal annual installments beginning on 02/25/2015. ( 6 )This option is exercisable in three equal annual installments beginning on 02/25/2016. ( 7 )This option is exercisable in three equal annual installments beginning on 02/24/2017. ( 8 )This option is exercisable in three equal annual installments beginning on 02/22/2028. ( 9 )This option is exercisable in three equal annual installments beginning on 02/28/2019. ( 10 )This option is exercisable in three equal annual installments beginning on 02/27/2020. ( 11 )This option is exercisable in three equal annual installments beginning on 02/25/2021. ( 12 )This option is exercisable in three equal annual installments beginning on 02/22/2022. ( 13 )This option is exercisable in three equal annual installments beginning on 02/15/2023.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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