Form 4: James W. Bracke Receives 1,000 Options, Holds 5,000

Rhea-AI Filing Summary

James W. Bracke, a director of NVE Corp (NVEC), received a non‑qualified stock option for 1,000 shares with an exercise price of $61.72. The option is exercisable on 08/07/2025 and expires on 08/07/2035. After the reported transaction, Mr. Bracke directly beneficially owns 5,000 derivative securities. The filing states the option was granted automatically upon his reelection to the board and lists the derivative security price as $0, indicating no cash paid for the grant.

Positive

• Option grant was automatic upon reelection, per the filer, indicating a scheduled director compensation event.
• Specific economics disclosed: 1,000 options at a $61.72 exercise price, exercisable 08/07/2025 and expiring 08/07/2035.
• Beneficial ownership quantified: the filing reports direct beneficial ownership of 5,000 derivative securities following the transaction.

Negative

• None.

Insights

Corporate Governance Expert

Routine director award; aligns board compensation with shareholder outcomes but appears non-material in size.

The Form 4 documents a standard automatic option grant tied to reelection, common in director compensation programs. The award of 1,000 non‑qualified options at a $61.72 exercise price increases direct derivative holdings to 5,000 options and carries a ten‑year term to 08/07/2035. This is a governance disclosure showing equity‑based pay for board service; there is no indication of unusual acceleration, change‑in‑control provisions, or cash payment for the grant in the filing.

Securities Analyst

Disclosure is factual and routine; transaction is unlikely to be materially market moving.

The transaction is an acquisition of a derivative (non‑qualified stock option) rather than a sale. Key specifics from the filing: 1,000 options granted, exercise price $61.72, exercisable 08/07/2025, expiration 08/07/2035, and post‑transaction beneficial direct ownership of 5,000 derivative securities. The filing notes the grant was automatic upon reelection, indicating this is a scheduled compensation event rather than an ad‑hoc award.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

BRACKE JAMES W

(Last) (First) (Middle)

15411 MASON POINTE

(Street)

EDEN PRAIRIE MN 55347

(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	5,000	D

Explanation of Responses:

1. Option granted automatically on Mr. Bracke's reelection to NVE's Board of Directors.

	/s/ Daniel Nelson, by power of attorney	08/12/2025
	** 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 transaction did NVE Corp (NVEC) report on this Form 4?

The Form 4 reports a grant of 1,000 non‑qualified stock options to director James W. Bracke.

What are the exercise and expiration dates and price for the options?

The options are exercisable on 08/07/2025, expire on 08/07/2035, and have an exercise price of $61.72.

How many derivative securities does Mr. Bracke own after the transaction?

The filing states Mr. Bracke directly beneficially owns 5,000 derivative securities following the reported transaction.

Was the option grant discretionary or automatic?

The filing explains the option was granted automatically on Mr. Bracke's reelection to NVE's Board of Directors.

Did the filing indicate a cash payment for the grant?

The form lists the derivative security price as $0, indicating no cash paid for the grant per the disclosure.