NVR (NYSE: NVR) director exercises options and sells 220 common shares

Rhea-AI Filing Summary

NVR, Inc. director Susan Williamson Ross reported option and share transactions on February 4, 2026. She exercised 220 stock options with a $1,700 exercise price, receiving 220 NVR common shares, then sold 220 shares at $8,000 per share. After these moves, she directly holds 386 NVR common shares and 638 stock options under the company’s 2014 Equity Incentive Plan.

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

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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^*

Ross Susan Williamson

(Last) (First) (Middle)

11700 PLAZA AMERICA DRIVE

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)
02/04/2026

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	02/04/2026		M		220	A	$1,700	606	D
NVR, Inc. common stock	02/04/2026		S		220	D	$8,000	386	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)	$1,700	02/04/2026		M			220	(1)	07/27/2026	Common stock	220	$0	638	D

Explanation of Responses:

1. Stock options granted under the 2014 Equity Incentive Plan vest in 25% increments on 12/31/18, 12/31/19, 12/31/20 and 12/31/21.

Remarks:

	Matthew B. Kelpy, Attorney-in-fact for Susan Williamson Ross	02/05/2026
	** 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.

FAQ

What insider transactions did NVR (NVR) director Susan Williamson Ross report?

Susan Williamson Ross reported exercising options and selling shares. On February 4, 2026, she exercised 220 stock options for NVR common stock at $1,700 per share, then sold 220 NVR common shares at $8,000 per share in a separate transaction disclosed in the filing.

How many NVR (NVR) shares does Susan Williamson Ross own after this Form 4?

After the reported transactions, Ross owns 386 NVR common shares directly. She acquired 220 shares by exercising stock options and sold 220 shares the same day, leaving a reported direct beneficial ownership of 386 NVR common shares following the transactions.

What stock options does Susan Williamson Ross hold in NVR (NVR) after the transaction?

Ross holds 638 NVR stock options after the transaction. The Form 4 shows a stock option (right to buy) with a $1,700 exercise price, relating to 220 underlying common shares, and reports 638 derivative securities beneficially owned directly following the February 4, 2026 option exercise.

At what prices did the NVR (NVR) director’s Form 4 transactions occur?

The option exercise was at $1,700 and the share sale at $8,000. The Form 4 reports a stock option exercise price of $1,700 per share for 220 shares and a separate sale transaction of 220 NVR common shares at a reported price of $8,000 per share.

What is the source of Susan Williamson Ross’s NVR (NVR) stock options?

The options come from NVR’s 2014 Equity Incentive Plan. A footnote explains that the stock options were granted under this plan and vest in 25% increments on 12/31/18, 12/31/19, 12/31/20, and 12/31/21, indicating a multi-year vesting schedule for the grant.

What is Susan Williamson Ross’s relationship to NVR (NVR)?

Susan Williamson Ross is a director of NVR, Inc. The Form 4 identifies her reporting person status as a director, with the director box checked and no officer title or 10% owner status indicated, meaning her filing reflects insider activity in that board role.