NVR (NVR) director exercises stock options and now holds 624 shares

Rhea-AI Filing Summary

NVR, Inc. director Susan Williamson Ross exercised stock options to acquire 238 shares of NVR common stock at $1,700 per share. The options were granted under the 2014 Equity Incentive Plan and had an expiration date of July 27, 2026. Following this exercise, she directly holds 624 shares of NVR common stock, and the exercised stock option position shown in this filing is reduced to zero. The transaction reflects an exercise of a derivative security without any reported open-market sale.

Insider Trade Summary

238 shares exercised/converted

Mixed 2 txns

Insider Ross Susan Williamson

Role null

Type	Security	Shares	Price	Value
Exercise	Stock option (right to buy)	238	$0.00	--
Exercise	NVR, Inc. common stock	238	$1,700.00	$405K

Holdings After Transaction: Stock option (right to buy) — 0 shares (Direct, null); NVR, Inc. common stock — 624 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired via exercise: 238 shares Exercise price: $1,700.00 per share Shares held after transaction: 624 shares +2 more

5 metrics

Shares acquired via exercise 238 shares Common stock acquired through stock option exercise on May 29, 2026

Exercise price $1,700.00 per share Exercise price for NVR stock options converted into common stock

Shares held after transaction 624 shares Direct ownership of NVR common stock following reported transactions

Exercised option shares remaining 0 shares Stock option position in this filing after exercise of 238 shares

Option expiration date July 27, 2026 Expiration date for the exercised stock options

Key Terms

Stock option, Exercise or conversion of derivative security, 2014 Equity Incentive Plan

3 terms

Stock option financial

"Stock option (right to buy)"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

2014 Equity Incentive Plan financial

"Stock options granted under the 2014 Equity Incentive Plan vest in 25% increments"

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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^*

Ross Susan Williamson

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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
NVR, Inc. common stock	05/29/2026		M		238	A	$1,700	624	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	05/29/2026		M			238	(1)	07/27/2026	Common stock	238	$0	0	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	05/29/2026
	** 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 Susan Williamson Ross?

NVR reported that director Susan Williamson Ross exercised stock options to acquire 238 shares of common stock at $1,700 per share. The transaction is classified as an exercise or conversion of a derivative security, not an open-market purchase or sale.

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

After the reported transactions, Susan Williamson Ross directly holds 624 shares of NVR common stock. This figure comes from the post-transaction ownership reported in the filing for the non-derivative common stock position.

What was the exercise price of the NVR (NVR) stock options?

The stock options were exercised at an exercise price of $1,700 per share for 238 underlying shares of NVR common stock. This price is shown as both the transaction price for the acquired common stock and the conversion or exercise price for the derivative.

Were any NVR (NVR) shares sold in this insider transaction?

No shares were reported as sold in this filing. The Form 4 shows an exercise of stock options to acquire 238 shares of common stock, with no sale transactions or tax-withholding dispositions reported for the same date.

What is the status of the exercised NVR (NVR) stock options after the transaction?

The exercised stock option position now shows zero shares remaining following the transaction. The options related to 238 underlying shares of common stock and had an expiration date of July 27, 2026 before this exercise.