NVEC Form 4: Patricia Hollister receives 1,000-share option grant

Rhea-AI Filing Summary

Patricia M. Hollister, a director of NVE Corp (NVEC), was granted a non-qualified stock option for 1,000 shares on 08/07/2025 with an exercise price of $61.72. The option is exercisable beginning 08/07/2025 and expires on 08/07/2035. The filing reports 9,000 shares beneficially owned following the transaction and lists ownership as direct. The form states the option was granted automatically upon Ms. Hollister's reelection to NVE's board. This disclosure documents a routine director equity award that records the grant mechanics, strike price, exercisability and post-transaction holdings.

Insights

Securities Analyst

TL;DR: Routine director option grant; limited market impact.

The Form 4 reports a 1,000-share non-qualified option granted to director Patricia Hollister at a $61.72 exercise price, exercisable 08/07/2025 and expiring 08/07/2035. The grant occurred automatically upon reelection to the board and the filing shows 9,000 shares beneficially owned after the transaction. This is a standard governance compensation event that formalizes equity alignment between the director and shareholders. There is no indication in the filing of accelerated vesting, cashless exercise terms, or other atypical conditions that would materially alter valuation beyond the stated strike and term.

Corporate Governance Expert

TL;DR: Governance practice: automatic option grant on reelection; disclosure is clear.

The filing documents an automatic equity award tied to board service, which is a common practice to align directors with shareholder interests. The option's 10-year term and stated exercisability date are provided, and the form explicitly attributes the grant to reelection. The disclosure is specific about ownership form (Direct) and post-grant holdings (9,000 shares), supporting transparency for shareholders and regulators. Based on the information provided, this appears to be routine and properly reported.

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HOLLISTER PATRICIA M

(Last) (First) (Middle)

4183 TRAIL RIDGE LANE

(Street)

MINNETONKA MN 55345

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NVE CORP /NEW/ [ NVEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option	$61.72	08/07/2025		A		1,000(1)		08/07/2025	08/07/2035	Common Stock	1,000	$0	9,000	D

Explanation of Responses:

1. Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors.

	/s/ Daniel Nelson, by power of attorney	08/08/2025
	** Signature of Reporting Person	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Patricia Hollister report on Form 4 for NVEC?

She was granted a 1,000-share non-qualified stock option at an exercise price of $61.72, exercisable 08/07/2025 and expiring 08/07/2035; post-transaction beneficial ownership is 9,000 shares (Direct).

Why was the option granted according to the filing?

The option was granted automatically on Ms. Hollister's reelection to NVE's Board of Directors, per the explanation in the Form 4.

What are the key terms of the option reported on NVEC Form 4?

1,000 options; exercise price $61.72; exercisable from 08/07/2025; expiration 08/07/2035.

How many NVEC shares does Patricia Hollister beneficially own after the reported transaction?

9,000 shares beneficially owned, listed as Direct ownership following the reported option grant.

When was the transaction executed per the Form 4 for NVEC?

Transaction date recorded is 08/07/2025, with the Form 4 subsequently signed by power of attorney.