Sec Form 4 Filing - Shaw Brian Gordon @ Ovintiv Inc. - 2021-03-31

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 Shaw Brian Gordon 2. Issuer Name and Ticker or Trading Symbol Ovintiv Inc. [ OVV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O 370 17TH STREET, SUITE 1700 3. Date of Earliest Transaction (MM/DD/YY) 03/31/2021 (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 03/08/2022 M( 1 ) 5,193 A 23,736 D Common Stock 03/08/2022 F( 2 ) 2,550 D $ 47.28( 4 ) 21,186( 10 ) 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 Restricted Share Unit ( 5 ) 03/08/2022 M 5,193 03/08/2022 03/08/2022 Common Stock 5,193 $ 0 21,678( 6 ) D Deferred Share Unit ( 7 ) 03/31/2021( 8 ) A 427 ( 7 ) ( 7 ) Common Stock 427 $ 0 29,479( 9 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Shaw Brian Gordon C/O 370 17TH STREET, SUITE 1700 DENVER, CO80202 X Signatures /s/Dawna Gibb by Power of Attorney 03/09/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the settlement upon vesting of Restricted Share Units ("RSUs"). ( 2 )Reporting the withholding by Ovintiv Inc. ("Ovintiv") of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations. ( 3 )RSUs convert into Ovintiv common stock on a one-for-one basis. ( 4 )The RSUs settled in Canadian dollars at a price of CAD$60.84 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. ( 5 )Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs. ( 6 )Includes 1,656 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 678 RSUs on March 30, 2020; 185 RSUs on June 30, 2020; 246 RSUs on September 30, 2020; 143 RSUs on December 31, 2020; 101 RSUs on March 31, 2021; 78 RSUs on June 30, 2021; 111 RSUs on September 30, 2021; and 114 RSUs on December 31, 2021. ( 7 )Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent DSUs. DSUs are held until retirement from the Board. ( 8 )Represents grants of dividend equivalent DSUs from March 31, 2021 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 104 DSUs on March 31, 2021; 82 DSUs on June 30, 2021; 118 DSUs on September 30, 2021; and 123 DSUs on December 31, 2021. ( 9 )Includes 1,273 DSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 608 DSUs on March 30, 2020; 224 DSUs on June 30, 2020; 272 DSUs on September 30, 2020; and 169 DSUs on December 31, 2020. ( 10 )Includes Ovintiv common stock acquired through reinvested dividends.

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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