NVE director exercises options, nets 538 shares
NVE Corp director Wei Xuan Kelly exercised non-qualified stock options covering 1,500 shares of common stock on 2026-07-27 through a cashless net option exercise.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
NVE Corp director Wei Xuan Kelly exercised non-qualified stock options covering 1,500 shares of common stock on 2026-07-27 through a cashless net option exercise. Options with exercise prices of $81.96 (1,000) and $61.72 (500) were converted, resulting in the acquisition of 538 common shares at $117.38 per share, which Kelly now holds directly.
Insider Trade Summary
1,500 shares exercised/converted
Exercise
3 txns
Insider
Wei Xuan Kelly
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option F1 | 1,000 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option F1 | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 538 | $117.38 | $63K |
Holdings After Transaction:
Non-Qualified Stock Option — 1,500 contracts (Direct);
Common Stock — 538 shares (Direct)
Footnotes (1)
- F1. Cashless net option exercise
Key Figures
Options Exercised: 1,500 shares
Option Exercise Price: $81.96 per share
Option Exercise Price: $61.72 per share
+3 more
6 metrics
Options Exercised
1,500 shares
Total underlying common shares from options exercised on 2026-07-27
Option Exercise Price
$81.96 per share
1,000 Non-Qualified Stock Options exercised
Option Exercise Price
$61.72 per share
500 Non-Qualified Stock Options exercised
Common Shares Acquired
538 shares
Common stock received in cashless net option exercise
Reported Share Price
$117.38 per share
Price for 538 common shares acquired on 2026-07-27
Shares Held After
538 shares
Direct ownership of NVE Corp common stock following transaction
Key Terms
Non-Qualified Stock Option, cashless net option exercise, derivative security
3 terms
Non-Qualified Stock Option financial
"security_title: "Non-Qualified Stock Option""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
cashless net option exercise financial
"Footnote F1: "Cashless net option exercise""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NVE Corp (NVEC) director Wei Xuan Kelly report?
Director Wei Xuan Kelly reported exercising non-qualified stock options for 1,500 underlying shares of NVE Corp common stock on 2026-07-27. The cashless net exercise resulted in acquiring 538 shares of common stock, which are now held directly.
How many NVE (NVEC) stock options did Kelly exercise and at what prices?
Kelly exercised 1,500 non-qualified stock options: 1,000 options at $81.96 per share and 500 options at $61.72 per share. Both option series were converted into NVE Corp common stock in a cashless net option exercise.
Was Kelly’s NVE (NVEC) option exercise a cashless transaction?
Yes. A footnote describes the transaction as a cashless net option exercise. This means a portion of the option value was settled in shares, leaving Kelly with 538 net shares of NVE Corp common stock instead of paying cash for the exercise price.
Were NVE (NVEC) director Kelly’s transactions made under a Rule 10b5-1 trading plan?
The filing indicates the transactions were not made under a Rule 10b5-1 trading plan, as the plan checkbox is unchecked. No footnote references any pre-arranged Rule 10b5-1 trading arrangement for these option exercises.
What types of securities were involved in Kelly’s NVE (NVEC) Form 4?
The Form 4 reports exercises of Non-Qualified Stock Options (derivative securities) converting into Common Stock. Two option grants were exercised, and a resulting 538-share position in NVE Corp common stock is now held directly by Kelly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
