Insider Filing: NVR Director Jung Reports Option Exercise and Sale on 08/26/2025

Rhea-AI Filing Summary

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.

Insights

Financial Analyst

TL;DR: Routine insider option exercise and concurrent sale; no clear material change to public float or control.

The filing documents an insider exercise/event and an offsetting sale of equal share quantity (200 shares acquired and 200 shares sold) on 08/26/2025. Reported dollar figures include $2,450 associated with the acquisition entry and $8,082.44 for the sale. Such paired transactions commonly reflect option exercises followed by disposals to cover tax or exercise costs. The reported residual direct beneficial ownership of common stock is 75 shares, and derivative holdings are shown separately. Based solely on the filing, this appears to be a routine insider liquidity/compensation-related activity rather than a strategic shift in ownership.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 timing; transactions look administrative rather than governance-changing.

The Form 4 identifies Alexandra A. Jung as a director and shows timely reporting with signature by an attorney-in-fact. The mix of an acquisition code (M) and a sale (S) on the same date is consistent with option exercise and subsequent disposition. The filing provides explicit post-transaction beneficial ownership figures (75 shares direct; derivative totals shown), which allow investors to track insider stakes. There is no information in the filing indicating any change to board composition or governance arrangements.

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^*

Jung Alexandra A

(Last) (First) (Middle)

11700 PLAZA AMERICA DR

SUITE 500

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NVR INC [ NVR ]

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)
08/26/2025

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
NVR, Inc. common stock	08/26/2025		M		200	A	$2,450	275	D
NVR, Inc. common stock	08/26/2025		S		200	D	$8,082.44	75	D

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
Stock option (right to buy)	$2,450	08/26/2025		M			200	(1)	12/02/2028	Common stock	200	$0	930	D

Explanation of Responses:

1. 1. Stock options granted under the 2018 Equity Incentive Plan vest in 25% increments on 12/31/21, 12/31/22, 12/31/23 and 12/31/24.

Remarks:

	Matthew B. Kelpy, Attorney-in-fact for Alexandra A. Jung	08/28/2025
	** 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 transactions did Alexandra A. Jung report in the Form 4 for NVR on 08/26/2025?

She reported acquiring 200 shares (code M) and selling 200 shares (code S) on 08/26/2025, with amounts listed as $2,450 and $8,082.44 respectively.

How many NVR shares does Alexandra A. Jung beneficially own after the reported transactions?

The Form 4 shows she beneficially owned 75 shares of NVR common stock following the reported non-derivative transactions.

Did the Form 4 report any derivative securities for Alexandra A. Jung?

Yes. The filing includes a derivative entry for a stock option tied to 200 underlying shares with a $2,450 figure and reports 930 derivative securities beneficially owned following the transaction.

Who signed the Form 4 and when was it signed?

The signature is by Matthew B. Kelpy, Attorney-in-fact for Alexandra A. Jung, dated 08/28/2025.

What is Alexandra A. Jung's relationship to NVR as stated on the form?

The form indicates she is a director of NVR, Inc.