Sr. VP & Gen. Counsel Weinstock sells 70,000 shares at blended avg $20.08, reducing stake 21.5% to 256,319 shares
Craig L. Weinstock, Sr. VP & General Counsel of NOV Inc., executed 4 separate sales totaling 70,000 shares for $1,405,421.53 at prices ranging from $19.94 to $20.32. The sale reduces his post-transaction holdings from 326,319 shares to 256,319 shares, a net reduction of 21.5% of his pre-transaction position. The blended average price of $20.08 sits only $0.55 below the current stock price of $20.63, which is at its 52-week high of $20.63. This large discretionary sale occurs against a backdrop of strong recent momentum: the stock is up 12.2% over 30 days and up 36.7% over 90 days, yet fundamental metrics show elevated valuation (P/E of 52.90) paired with near-flat annual revenue growth of -1.4% and modest net income of $42,000,000. The magnitude and timing warrant monitoring, though the sale does not represent a complete exit from a material position of 256,319 shares remaining.