NVR Form 144: 600-Share Cashless Option Exercise Listed with Merrill Lynch

Rhea-AI Filing Summary

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.

Positive

• Proposed sale is small in absolute terms: only 600 shares are listed for sale.
• Clear acquisition and settlement details: securities were acquired on 08/13/2025 via stock options and paid via a cashless stock option exercise.
• No sales reported in the prior three months: the filing shows Nothing to Report for recent dispositions.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small proposed sale of 600 shares via cashless option exercise; transaction appears routine and not materially dilutive.

The Form 144 discloses a proposed sale of 600 shares on 08/13/2025 through Merrill Lynch on the NYSE, arising from a cashless stock option exercise where the securities were acquired from NVR, Inc. The filing records an aggregate market value of 4,777,380 and shows 2,869,801 shares outstanding. There are no reported sales in the prior three months. Based solely on the information provided, this appears to be a routine insider liquidity event without additional financial data or trading-plan disclosure in the document.

Corporate Governance / Compliance Expert

TL;DR: Form 144 contains required disclosures and the seller's representation about material nonpublic information; standard legal notice is included.

The filing includes the required broker identification, class of securities, acquisition and payment details, and the seller's representation that they do not possess undisclosed material adverse information. It also states the nature of the acquisition as stock options and the exercise method as cashless. No supplemental trading-plan dates or explicit seller identity are visible in the provided fields. The document shows the usual criminal-misstatement warning, consistent with compliance expectations for Rule 144 notices.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch 1152 15th Street, NW Suite 6000 Washington DC 20005	600	4777380	2869801	08/13/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/13/2025	Stock Options	NVR, Inc.			600	08/13/2025	Cashless Stock Option Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the NVR (NVR) Form 144 report?

The filing reports a proposed sale of 600 shares of Common Stock via Merrill Lynch on the NYSE with an aggregate market value of 4,777,380.

When were the securities acquired and how were they paid for in the NVR Form 144?

The securities were acquired on 08/13/2025 by stock options, and payment is listed as a cashless stock option exercise on the same date.

Does the Form 144 show any securities sold by the filer in the past three months for NVR?

No. The filing states Nothing to Report for securities sold during the past three months.

Who is the broker handling the proposed sale in the NVR filing?

The broker is listed as Merrill Lynch, located at 1152 15th Street NW, Suite 6000, Washington DC 20005, and the trade is listed for the NYSE.

Does the filing include a representation about undisclosed material information?

Yes. The notice includes the seller's representation that they do not know any material adverse information about the issuer that has not been publicly disclosed.