NVR VP exercises 500 options, sells 500 shares

NVR, Inc. vice president and chief accounting officer Matthew B. Kelpy reported option exercises and share sales in company stock.

Rhea-AI Filing Summary

NVR, Inc. vice president and chief accounting officer Matthew B. Kelpy reported option exercises and share sales in company stock. On February 10, 2026, he exercised 500 employee stock options at an exercise price of $4,475.53 per share, receiving 500 shares of NVR common stock.

That same day, he sold 500 shares of NVR common stock at a price of $8,100 per share. After these transactions, he directly owned 208 shares of NVR common stock and 1,500 employee stock options, and indirectly held 33 shares through a profit sharing trust and 26 shares through an ESOP trust. The options were granted under the NVR, Inc. 2014 Equity Incentive Plan and vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Kelpy Matthew B.

Role VP, Chief Accounting Officer

Sold 500 shs ($4.05M)

Approx. gross sale proceeds $4.05M

Approx. exercise cost $2.24M

Type	Security	Shares	Price	Value
Exercise	Employee stock option (right to buy)	500	$0.00	$0.00
Exercise	NVR, Inc. common stock	500	$4,475.53	$2.24M
Sale	NVR, Inc. common stock	500	$8,100.00	$4.05M
holding	NVR, Inc. common stock	--	--	--
holding	NVR, Inc. common stock	--	--	--

Holdings After Transaction: Employee stock option (right to buy) — 1,500 contracts (Direct); NVR, Inc. common stock — 208 shares (Direct); NVR, Inc. common stock — 33 shares (Indirect, By Profit Sharing Trust); NVR, Inc. common stock — 26 shares (Indirect, By ESOP Trust)

Footnotes (1)

1. F1. Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

NVR reported that VP and Chief Accounting Officer Matthew B. Kelpy exercised 500 employee stock options and sold 500 shares of NVR common stock on February 10, 2026. These moves involved options granted under the company’s 2014 Equity Incentive Plan.

How many NVR (NVR) stock options did Matthew B. Kelpy exercise and at what price?

Matthew B. Kelpy exercised 500 employee stock options at an exercise price of $4,475.53 per share. These options were granted under NVR, Inc.’s 2014 Equity Incentive Plan and are part of a broader grant that vests in four annual 25% increments.

At what price did Matthew B. Kelpy sell NVR (NVR) shares on February 10, 2026?

He sold 500 shares of NVR, Inc. common stock at a reported price of $8,100 per share on February 10, 2026. The sale followed the same-day exercise of 500 employee stock options into common shares.

How many NVR (NVR) shares does Matthew B. Kelpy own after the reported transactions?

After the transactions, he directly owned 208 shares of NVR common stock. He also indirectly held 33 shares through a profit sharing trust and 26 shares through an ESOP trust, in addition to 1,500 employee stock options.

What NVR (NVR) equity plan governs Matthew B. Kelpy’s stock options?

His stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. According to the filing, these options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26, and 12/31/27, creating a four-year vesting schedule.

What is Matthew B. Kelpy’s role at NVR (NVR) in this Form 4 filing?

In the Form 4, Matthew B. Kelpy is identified as an officer of NVR, serving as Vice President and Chief Accounting Officer. The filing reflects his personal holdings and transactions in NVR common stock and employee stock options.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/11/2026 - 01:54 PM Learn about SEC filing dates

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^*

Kelpy Matthew B.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		500	A	$4,475.53	708	D
NVR, Inc. common stock	02/10/2026		S		500	D	$8,100	208	D
NVR, Inc. common stock								33	I	By Profit Sharing Trust
NVR, Inc. common stock								26	I	By ESOP 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
Employee stock option (right to buy)	$4,475.53	02/10/2026		M			500	(1)	05/03/2032	Common stock	500	$0	1,500	D

Explanation of Responses:

1. Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.

Remarks:

	Matthew B. Kelpy	02/10/2026
	** 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.