NVR (NVR) Insider Notice: 200 Shares to Be Sold on 08/26/2025

Rhea-AI Filing Summary

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.

Positive

• Disclosure appears complete for a Rule 144 filing, including acquisition, payment method, broker, and aggregation of recent sales
• Sale follows a cashless stock option exercise, which is a common and transparent method for insiders to realize shares
• Prior sale within past three months disclosed, showing aggregation obligations were addressed

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Rule 144 notice for an insider sale following a cashless stock option exercise; appears compliant.

The Form 144 documents a proposed disposal of 200 common shares acquired and to be sold on 08/26/2025 via a cashless stock option exercise, routed through Merrill Lynch on the NYSE. The form includes the required aggregation of recent sales, noting a prior 50-share sale on 08/22/2025 by Alexandra A. Jung. The filing contains the mandatory representation that no material nonpublic information is known. From a compliance perspective, the disclosure items provided align with Rule 144 reporting requirements for an executive or affiliate sale; no procedural deficiencies are evident in the submitted fields.

Corporate Governance Analyst

TL;DR: Transaction is a standard insider liquidity event tied to option exercise; immaterial governance implications disclosed.

The transaction reflects an insider monetizing equity obtained through a cashless exercise of stock options on the same date as the proposed sale, which is a common liquidity mechanism. The filing records prior recent sales by the same person, indicating ongoing small dispositions. The form includes the signature representation regarding material information, which is customary. There is no information in this filing about any change in company operations, governance decisions, or litigation; therefore governance impact appears minimal based solely on this notice.

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	200	1625342	2872926	08/26/2025	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	08/26/2025	Stock Options	NVR, Inc.			200	08/26/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Alexandra A. Jung 11700 Plaza America Dr. Suite 500 Reston VA 20190	Common Stock	08/22/2025	50	411587

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 NVR's Form 144 filed for 08/26/2025 disclose?

The filing discloses a proposed sale of 200 shares of common stock acquired and to be sold on 08/26/2025 via a cashless stock option exercise, using Merrill Lynch on the NYSE, with aggregate market value listed as 1625342.

Who is the broker handling the proposed sale in the NVR Form 144?

The broker listed is Merrill Lynch located at 1152 15th Street NW, Washington DC; the sale is to occur on the NYSE.

Were there any other recent sales by the same person disclosed?

Yes. The filing lists a prior sale by Alexandra A. Jung of 50 shares on 08/22/2025 with reported gross proceeds of 411,587.

How were the 200 shares acquired according to the filing?

The 200 shares were acquired on 08/26/2025 through stock options from NVR, Inc., with payment by a cashless stock option exercise.

Does the filing indicate any undisclosed material information about NVR?

The filer represents by signature that they do not know any material adverse information