© 2022. The Author(s). Published by the American Astronomical Society.We present time-series photometry during the early decline phase of the extremely fast nova V1674 Herculis. The 2021 light curve showed periodic signals at 0.152921(3) days and 501.486(5) s, which we interpret as respectively the orbital and white dwarf spin periods in the underlying binary. We also detected a sideband signal at the difference frequency between these two clocks. During the first 15 days of outburst, the spin period appears to have increased by 0.014(1)%. This increase probably arose from the sudden loss of high-angular-momentum gas (“the nova explosion”) from the rotating, magnetic white dwarf. Both periodic signals appeared remarkably early in the outburst, which we attribute to the extreme speed with which the nova evolved (and became transparent to radiation from the inner binary). After that very fast initial period increase of 71 ms, the period subsequently decreased—at 182(18) ms yr?1 in 2021, and 88(18) ms yr?1 in 2022. These rates are ?100× faster than typically seen in intermediate polars. This could be due to high accretion torques from very high mass-transfer rates, which might be common when low-mass donor stars are strongly irradiated by a nova outburst.