NVR SEC Filings

NVR, Inc. (NVR) director George Oliver filed an initial Form 3 reporting beneficial ownership status. The filing, dated 10/01/2025, shows Mr. Oliver holds 0 shares of NVR common stock and reports his relationship to the issuer as a Director. The statement was submitted by an attorney-in-fact, Matthew B. Kelpy, and contains no derivative holdings or additional remarks. This is an initial Section 16 filing establishing Mr. Oliver's starting reported position with the company.

NVR, Inc. appointed George R. Oliver to its Board of Directors effective October 1, 2025. His term runs until the 2026 Annual Meeting of Shareholders and he is designated an independent director under NYSE standards. The Board also named him to the Nominating and Corporate Governance Committee effective the same date. Mr. Oliver will receive the same non-employee director compensation as other outside directors and was granted 338 non-qualified stock options under the 2018 Equity Incentive Plan, with terms consistent with standard non-employee director grants. A press release announcing the appointment is attached as Exhibit 99.1 and incorporated by reference.

Alexandra A. Jung, a director of NVR, Inc. (NVR), reported related-party transactions dated 08/26/2025. On that date she is recorded as acquiring 200 shares (transaction code M) associated with a $2,450 amount and selling 200 shares (transaction code S) for $8,082.44. Following the reported non-derivative transactions her beneficial ownership of NVR common stock is shown as 75 shares. The filing also reports a derivative entry showing a stock option related to 200 underlying shares with a $2,450 figure and 930 derivative securities reported as beneficially owned after the transaction. The Form 4 was signed by an attorney-in-fact on 08/28/2025.

NVR, Inc. Form 144 shows a proposed sale of 200 shares of common stock through Merrill Lynch on the NYSE with an aggregate market value of 1625342. The shares were acquired and are proposed to be sold on 08/26/2025 via a cashless stock option exercise from NVR, Inc. The filing also discloses a prior sale by Alexandra A. Jung of 50 shares on 08/22/2025 with reported gross proceeds of 411,587. The filer affirms no undisclosed material adverse information and includes the standard Rule 144 representations.

Alexandra A. Jung, a director of NVR, Inc. (NVR), reported a sale of NVR common stock on 08/22/2025. The Form 4 shows she disposed of 50 shares in a transaction that generated $8,231.74 in proceeds. After the reported sale, she beneficially owned 75 shares. The filing was submitted as a Form 4 by one reporting person and was signed on behalf of Ms. Jung by attorney-in-fact Matthew B. Kelpy on 08/26/2025. No derivative transactions or additional securities classes are disclosed in this filing.

NVR, Inc. (Form 144) notice shows a proposed sale of 50 common shares through UBS Financial Services, listed on the NYSE, with an aggregate market value of $411,586.95 and 2,870,000 shares outstanding. The listed approximate sale date is 08/22/2025. The filing reports the shares were acquired in open-market transactions: 30 shares on 10/23/2020 (paid in cash) and 20 shares on 05/20/2018 (paid in cash). The filer states there were no securities sold in the past three months and affirms no undisclosed material adverse information is known.

Matthew B. Kelpy, VP and Chief Accounting Officer of NVR, Inc. (NVR), reported securities transactions dated 08/13/2025. The Form 4 lists two transactions on that date: one coded M and one coded S, each involving 600 shares. The filing shows direct beneficial ownership figures of 808 and 208 shares following the reported transactions, and indirect holdings of 33 shares via a Profit Sharing Trust and 22 shares via an ESOP Trust. The filing also reports an employee stock option covering 600 underlying shares with an expiration date of 02/29/2028. Monetary figures shown on the form include $2,843.17 and $8,100.

NVR, Inc. filed a Form 144 reporting a proposed sale of 600 shares of Common Stock through Merrill Lynch on the NYSE, listing an aggregate market value of 4,777,380 and showing 2,869,801 shares outstanding. The filing states the securities were acquired on 08/13/2025 via stock options and that payment/settlement occurred the same day by a cashless stock option exercise. The table shows the broker as Merrill Lynch, 1152 15th Street NW, Washington DC.

The filer reports nothing to report for securities sold during the past three months. The notice includes the standard representation that the selling person does not possess undisclosed material adverse information. The filing does not provide identifying contact or named selling person details in the visible fields.

NVR, Inc. (NYSE: NVR) Q2-25 10-Q highlights

Revenue was essentially flat YoY at $2.60 bn, but net income fell 17 % to $333.7 mn, driving diluted EPS down to $108.54 (-10 %). Six-month revenue edged up 1 % to $5.00 bn, yet net income declined 20 % to $633.3 mn and diluted EPS to $203.20. Homebuilding gross margin compressed to 21.5 % from 23.6 % on higher lot costs, pricing pressure and $13.2 mn lot-deposit impairments.

Orders and backlog weakened: new orders dropped 11 % to 5,379 units, cancellation rate rose to 16.5 % (12.9 % LY) and backlog units fell 13 % to 10,069. Average selling prices were largely unchanged. Cash, restricted cash and equivalents declined to $1.83 bn (-31 % YTD) after $1.05 bn of share buybacks. Total debt remains modest with $900 mn 3.00 % senior notes due 2030; no revolver or repo borrowings were outstanding.

The company renewed its $300 mn unsecured revolver (matures 2030) and extended its $150 mn mortgage repurchase facility to 2026. Controlled lot position expanded to 171,400 lots (+9,000 YTD) but contract-land impairments rose to $76.4 mn. Effective tax rate increased to 25.4 % from 24.9 % due to lower stock-option tax benefits.

Outlook: Management cites affordability headwinds, higher inventory and economic volatility; expects continued margin pressure but believes strong liquidity and conservative land strategy provide flexibility.