NVR INC — Director's Dealing 2025

Mar 7, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVR INC (NVR)
CIK: 0000906163
Period of Report: 2025-03-06

Reporting Person: Malzahn Daniel David (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-06	Employee stock option (right to buy)	$4475.53	A	4525	Acquired	2032-05-03	Common stock (4525)	Direct

Footnotes

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.

F2: Stock options were granted on May 4, 2022 under the NVR, Inc. 2014 Equity Incentive Plan and are subject to the achievement of a performance metric based on the Company's return on capital performance during the three-year period from 2022 through 2024. Effective March 6, 2025, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon continued employment.