NVE (NVEC) Director James Bracke Receives 1,000-Share Option Grant

What Happened
James W. Bracke, a director of NVE Corp. (NVEC), received a grant/award of a derivative security covering 1,000 shares on August 6, 2026. The filing records $0 cash consideration for the grant (price $0.00); the transaction is reported as an award/derivative (code A). This is an award to a director rather than a purchase or sale of open-market stock.

Key Details

• Transaction date: 2026-08-06 (reported on Form 4 filed 2026-08-10).
• Type: Award/Grant of a derivative security (transaction code A); 1,000 shares; reported price $0.00; reported value $0.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: Grant was made automatically upon Mr. Bracke’s reelection to NVE’s Board of Directors.
• Timeliness: Filing date (Aug 10, 2026) corresponds to two business days after the transaction date and appears timely.

Context
This filing reflects a director compensation award (an option-type derivative) rather than a market purchase or sale. Such awards are common for board service; vesting schedule or exercise terms were not disclosed in the provided filing.