SCHEDULE: Vanguard Group Divests NOV Inc. Stake

The Vanguard Group has reported a complete divestment of its beneficial ownership in NOV Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 14 to Schedule 13G regarding its holdings in NOV Inc. common stock.
• As of March 13, 2026, The Vanguard Group beneficially owns 0 shares of NOV Inc. common stock, representing 0% of the class.
• This change is a result of an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries and business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538 (January 12, 1998).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting an internal organizational change at Vanguard rather than a specific investment decision regarding NOV Inc.'s prospects or performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding NOV Inc.'s future performance or The Vanguard Group's future investment intentions beyond the current reporting change.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes this is a routine disclosure for large institutional investors like The Vanguard Group when their beneficial ownership crosses certain thresholds or changes significantly. The disaggregation strategy aligns with SEC guidance for complex organizational structures, allowing subsidiaries to report independently while maintaining compliance.

Stakeholder Impact

• Shareholders of NOV Inc. will observe a change in the reported institutional ownership by The Vanguard Group, though this is due to an internal administrative restructuring rather than a change in investment thesis.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will continue to report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538.

Key Dates

Keywords

Vanguard Group, NOV Inc, Schedule 13G, beneficial ownership, divestment, institutional ownership, investment adviser, common stock