NVR director exercises options and sells shares

NVR director Susan Williamson Ross exercised stock options and sold shares on February 13, 2026.

Rhea-AI Filing Summary

NVR director Susan Williamson Ross exercised stock options and sold shares on February 13, 2026. She exercised 200 stock options with a $1,700 exercise price into 200 shares of NVR, Inc. common stock, then sold 200 common shares in an open-market transaction at $7,922.06 per share.

After these transactions, she directly owned 386 shares of NVR, Inc. common stock and 238 stock options. The options were originally granted under the 2014 Equity Incentive Plan and vest in four 25% increments on 12/31/2018, 12/31/2019, 12/31/2020, and 12/31/2021.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Ross Susan Williamson

Role Director

Sold 200 shs ($1.58M)

Approx. gross sale proceeds $1.58M

Approx. exercise cost $340K

Type	Security	Shares	Price	Value
Exercise	Stock option (right to buy)	200	$0.00	$0.00
Exercise	NVR, Inc. common stock	200	$1,700.00	$340K
Sale	NVR, Inc. common stock	200	$7,922.06	$1.58M

Holdings After Transaction: Stock option (right to buy) — 238 contracts (Direct); NVR, Inc. common stock — 386 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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

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

NVR director Susan Williamson Ross reported exercising 200 stock options and selling 200 common shares. The options were exercised at a $1,700 price, and the shares were sold at $7,922.06 per share in an open-market transaction on February 13, 2026.

How many NVR (NVR) shares does Susan Williamson Ross own after the reported Form 4 transactions?

After the reported transactions, Susan Williamson Ross directly owns 386 shares of NVR, Inc. common stock. She also holds 238 stock options, which represent the remaining derivative securities beneficially owned following the February 13, 2026 option exercise.

At what prices did the NVR (NVR) insider exercise options and sell shares?

The director exercised 200 stock options at an exercise price of $1,700 per share. She then sold 200 NVR, Inc. common shares in an open-market transaction at a reported sale price of $7,922.06 per share on February 13, 2026.

What type of derivative security did the NVR (NVR) director exercise on February 13, 2026?

The director exercised a stock option (right to buy) covering 200 shares of NVR, Inc. common stock. This derivative security had a $1,700 exercise price and was granted under the company’s 2014 Equity Incentive Plan with scheduled vesting in four annual 25% increments.

What is the vesting schedule for the NVR (NVR) stock options held by Susan Williamson Ross?

The stock options were granted under the 2014 Equity Incentive Plan and vest in four equal 25% installments. Vesting dates are 12/31/2018, 12/31/2019, 12/31/2020 and 12/31/2021, after which the options become exercisable for NVR, Inc. common stock.

Did the NVR (NVR) insider transactions involve direct or indirect ownership changes?

All reported transactions involved direct ownership. The Form 4 shows the option exercise, resulting shares, and subsequent sale as directly held by Susan Williamson Ross, with the ownership form marked as “D” (direct) for each reported security.

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

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Accepted by SEC EDGAR 02/17/2026 - 01:29 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^*

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)
02/13/2026

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	02/13/2026		M		200	A	$1,700	586	D
NVR, Inc. common stock	02/13/2026		S		200	D	$7,922.06	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	02/13/2026		M			200	(1)	07/27/2026	Common stock	200	$0	238	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	02/17/2026
	** 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.