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  4. [Form 4] NVR INC Insider Trading Activity

Stock options granted to NVR (NYSE: NVR) accounting chief in Form 4

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Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NVR Inc

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Insider Kelpy Matthew B.
Role VP, Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Employee stock option (right to buy) 272 $0.00 --
Holdings After Transaction: Employee stock option (right to buy) — 272 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Options granted 272 options Employee stock option grant to Matthew B. Kelpy
Exercise price $5,720.10 per share Stock option conversion or exercise price
Expiration date May 13, 2036 Option expiration
Exercisable date December 31, 2028 Scheduled exercise date for options
Underlying shares 272 shares NVR common stock underlying the options
Employee stock option financial
"Employee stock option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
performance-based options financial
"Mr. Kelpy also received performance-based options under the NVR, Inc. 2018 Equity Incentive Plan"
return on capital performance financial
"vesting of the options is based on the Company's return on capital performance during 2026 to 2028"
Equity Incentive Plan financial
"granted under NVR, Inc. 2018 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kelpy Matthew B.
(Last)(First)(Middle)
11700 PLAZA AMERICA DRIVE
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee stock option (right to buy)$5,720.105/14/2026A27212/31/202805/13/2036Common stock272(1)$0272D
Explanation of Responses:
1. Time-based stock options granted under NVR, Inc. 2018 Equity Incentive Plan. Mr. Kelpy also received performance-based options under the NVR, Inc. 2018 Equity Incentive Plan for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2026 to 2028.
Remarks:
Matthew B. Kelpy05/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NVR (NVR) report for Matthew B. Kelpy?

NVR reported that Matthew B. Kelpy received 272 employee stock options as a compensation grant. These options give him the right to buy NVR common stock at a fixed exercise price in the future, rather than reflecting an open-market share purchase or sale.

What are the key terms of Matthew Kelpy’s new NVR stock options?

Kelpy’s grant covers 272 options with a $5,720.10 per share exercise price, expiring May 13, 2036. The options are scheduled to become exercisable on December 31, 2028, providing long-dated equity exposure tied to NVR’s share price performance.

Did Matthew Kelpy buy or sell NVR shares in the market?

The filing shows a grant of employee stock options, not an open-market trade. Code “A” indicates an award or other acquisition from the company, with no reported market purchase or sale of NVR common stock by Kelpy in this transaction.

What performance-based options did NVR grant to Matthew Kelpy?

Alongside the time-based grant, Kelpy received performance-based stock options for an equal number of shares. These vest on the same schedule but require NVR to meet return on capital performance conditions during 2026 to 2028 before the options fully vest.

Under which plan were Matthew Kelpy’s NVR options granted?

Both the time-based and performance-based stock options were granted under the NVR, Inc. 2018 Equity Incentive Plan. This plan governs equity awards for eligible participants and sets the terms for vesting, performance conditions, and option expiration.