Sec Form 4 Filing - Moore Rachel Maureen @ Ovintiv Inc. - 2021-02-26

FORM 4 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 Moore Rachel Maureen 2. Issuer Name and Ticker or Trading Symbol Ovintiv Inc. [ OVV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Corporate Services (Last) (First) (Middle) C/O 370 17TH STREET, SUITE 1700 3. Date of Earliest Transaction (MM/DD/YY) 02/26/2021 (Street) DENVER, CO80202 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 02/26/2021 M 813 ( 7 ) A $ 22.72 ( 9 ) 3,234 D Common Stock 02/26/2021 M 1,275 ( 6 ) ( 7 ) A $ 22.72 ( 8 ) 4,509 D Common Stock 02/28/2021 M 2,209 ( 7 ) A $ 22.72 ( 10 ) 6,718 D

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 Rights (Restricted Stock Unit) ( 1 ) 02/26/2021 A 5,783 02/26/2022 ( 1 ) Common Stock 5,783 $ 0 44,692 D Rights (Restricted Stock Unit) ( 2 ) 02/26/2021 A 5,783 02/26/2023 ( 2 ) Common Stock 5,783 $ 0 50,475 D Rights (Restricted Stock Unit) ( 3 ) 02/26/2021 A 5,783 02/26/2024 ( 3 ) Common Stock 5,783 $ 0 56,258 D Rights (Restricted Stock Unit) ( 4 ) 02/26/2021 M 1,564 02/26/2021 02/26/2021 Common Stock 1,564 $ 0 0 D Rights (Performance Stock Unit) ( 5 ) 02/26/2021 M 2,452 02/26/2021 02/26/2021 Common Stock 2,452 $ 0 0 D Rights (Restricted Stock Unit) ( 4 ) 02/28/2021 M 4,248 02/28/2021 02/28/2021 Common Stock 4,248 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Moore Rachel Maureen C/O 370 17TH STREET, SUITE 1700 DENVER, CO80202 EVP, Corporate Services Signatures /s/Dawna Gibb, by Power of Attorney 03/02/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Each Restricted Stock Unit (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. and attracts dividend equivalent RSUs. 1/3 will vest on February 26, 2022, subject to the grantee's active employment on such date and the terms and conditions of the Omnibus Incentive Plan and applicable grant agreement. ( 2 )Each Restricted Stock Unit (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. and attracts dividend equivalent RSUs. 1/3 will vest on February 26, 2023, subject to the grantee's active employment on such date and the terms and conditions of the Omnibus Incentive Plan and applicable grant agreement. ( 3 )Each Restricted Stock Unit (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. and attracts dividend equivalent RSUs. 1/3 will vest on February 26, 2024, subject to the grantee's active employment on such date and the terms and conditions of the Omnibus Incentive Plan and applicable grant agreement. ( 4 )Each Restricted Share Unit (each, RSU") is the economic equivalent of one share of Ovintiv Inc. common stock and attracts dividend equivalent RSUs. ( 5 )Each Performance Share Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is valued based on the economic equivalent of one common share of Ovintiv Inc. common stock and attracts dividend equivalent PSUs. ( 6 )Settlement of the PSUs was based on a performance criteria multiplier of 78.4 percent. ( 7 )Common Stock issued net of withholding tax. ( 8 )The PSU is settled in Canadian dollars at a price of CAD$28.82 per share and is determined based on the volume-weighted average price of one share of common stock of Ovintiv Inc. on the Toronto Stock Exchange for the five trading days following approval of the performance criteria multiplier. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. ( 9 )The RSUs settled in Canadian dollars at a price of CAD$28.82 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. ( 10 )The RSUs settled in Canadian dollars at a price of CAD$29.12 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

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).

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