Insider filing: NVR CFO Malzahn gifts stock; ownership now 15,205 shares

Rhea-AI Filing Summary

NVR, Inc. – Form 4 (filed 08-05-2025)

Chief Financial Officer Daniel D. Malzahn reported a Code G bona-fide gift of 33 NVR common shares on 08-01-2025. Gifts are non-cash transfers, so no price was listed.

• Direct holdings after gift: 13,796 shares
• Indirect holdings: 1,037 shares via ESOP Trust and 372 shares via Profit-Sharing Trust
• Total beneficial ownership: 15,205 shares

No derivative securities were acquired or disposed of. The 33-share reduction represents roughly 0.2 % of the officer’s reported holdings and is immaterial relative to NVR’s ~3.2 million diluted shares outstanding. The filing therefore carries limited investment significance beyond routine compliance.

Insights

Securities Analyst

TL;DR: Minor gift of 33 shares; ownership virtually unchanged—neutral signal for NVR investors.

The Code G transaction indicates a personal gift, not an economic sale. Malzahn retains 15,205 shares, so insider alignment remains intact. Given NVR’s multibillion-dollar market cap, the share change is immaterial and unlikely to influence market perception or liquidity. No derivatives activity or additional insider trades were disclosed, supporting a neutral assessment.

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^*

Malzahn Daniel David

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		G		33	D	$0	13,796	D
NVR, Inc. common stock								1,037	I	By ESOP Trust
NVR, Inc. common stock								372	I	By Profit Sharing Trust

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

Explanation of Responses:

Remarks:

	Daniel D. Malzahn	08/05/2025
	** 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

How many NVR shares did CFO Daniel Malzahn gift?

He gifted 33 shares of NVR common stock on 08-01-2025.

What is the CFO’s total NVR share ownership after the Form 4 transaction?

Malzahn now beneficially owns 15,205 shares (13,796 direct; 1,409 indirect).

Were any derivative securities involved in this Form 4 filing for NVR?

No. No options, warrants, or other derivatives were reported.

Does the 33-share gift signal insider selling pressure at NVR?

Unlikely; a Code G gift is a non-cash transfer and represents just 0.2 % of the officer’s holdings.

When was the Form 4 for NVR filed?

The filing was dated 08-05-2025 with the transaction occurring on 08-01-2025.