NVR (NVR) director granted 154 stock options in Form 4 filing

Rhea-AI Filing Summary

NVR Inc. director Alfred E. Festa received a grant of stock options as compensation. He was awarded 154 stock options, each giving the right to buy one share of NVR common stock at an exercise price of $5,720.10. These options become exercisable on December 31, 2028 and expire on May 13, 2036. Following this grant, he holds 154 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FESTA ALFRED E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock option (right to buy)	154	$0.00	--

Holdings After Transaction: Stock option (right to buy) — 154 shares (Direct, null)

Footnotes (1)

Key Figures

Options granted: 154 options Exercise price: $5,720.10 per share Options exercisable date: December 31, 2028 +2 more

5 metrics

Options granted 154 options Stock option grant to director Alfred E. Festa

Exercise price $5,720.10 per share Exercise price for newly granted options

Options exercisable date December 31, 2028 Date options become exercisable

Options expiration date May 13, 2036 Expiration of option grant

Options held after grant 154 options Total stock options following transaction

Key Terms

Stock option (right to buy), exercise price, expiration date, Common stock

4 terms

Stock option (right to buy) financial

"Stock option (right to buy)"

exercise price financial

"an exercise price of $5,720.10"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

expiration date financial

"expire on May 13, 2036"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Common stock financial

"right to buy one share of NVR common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

FESTA ALFRED E

(Last) (First) (Middle)

11700 PLAZA AMERICA DR.

SUITE 500

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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)	$5,720.1	05/14/2026		A		154		12/31/2028	05/13/2036	Common stock	154	$0	154	D

Explanation of Responses:

Remarks:

	Matthew B. Kelpy, Attorney-in-fact for Alfred E. Festa	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NVR (NVR) report for Alfred E. Festa?

NVR reported that director Alfred E. Festa received a grant of 154 stock options. Each option allows him to buy one share of NVR common stock at a fixed exercise price, functioning as equity-based compensation rather than an open-market purchase or sale.

How many NVR stock options were granted to Alfred E. Festa?

Alfred E. Festa was granted 154 stock options. Each option represents the right to acquire one share of NVR common stock, creating potential future ownership if he chooses to exercise them after vesting and before the options expire under the grant terms.

What is the exercise price of Alfred E. Festa’s NVR stock options?

The exercise price of Alfred E. Festa’s NVR stock options is $5,720.10 per share. This is the fixed price he must pay to buy each share if he exercises the options after they become exercisable and before they reach their expiration date.

When can Alfred E. Festa begin exercising his NVR stock options?

Alfred E. Festa can begin exercising his NVR stock options on December 31, 2028. After this date, he may choose to purchase NVR common shares at the stated exercise price, subject to the overall expiration date of the option grant.

When do Alfred E. Festa’s NVR stock options expire?

Alfred E. Festa’s NVR stock options expire on May 13, 2036. He must decide whether to exercise the options between the exercisability date of December 31, 2028 and this expiration date, or the rights to buy shares will lapse.

Did Alfred E. Festa buy or sell NVR shares in this Form 4 filing?

Alfred E. Festa did not buy or sell NVR shares in the market in this filing. He received a grant of 154 stock options as an acquisition of derivative securities, which is compensation-related rather than an open-market purchase or sale transaction.