NVE (NVEC) Director Patricia M. Hollister Receives 1,000-Share Award

What Happened

• Patricia M. Hollister, a director of NVE Corp (NVEC), received a derivative award on 2026-08-06: 1,000 shares reported as an acquisition at $0.00. The filing classifies this as a derivative grant (award/option).
• The filing’s footnote states the option was granted automatically upon Ms. Hollister’s reelection to NVE’s Board of Directors. No cash payment is shown in the report (acquisition price $0.00).

Key Details

• Transaction date: 2026-08-06; Filing date (Form 4): 2026-08-10 (appears timely under the two-business-day rule).
• Reported price: $0.00; Reported value: $0 (derivative grant).
• Shares owned after transaction: Not disclosed in the provided summary of the filing.
• Footnote: Option granted automatically on reelection to the Board.
• Transaction type: A = Award/Grant (derivative).

Context

• This was a board-related automatic option award, not an open-market purchase or sale. Such automatic grants are common as part of director compensation and do not, by themselves, indicate a buy or sell signal.
• For retail investors, note this is a derivative award (an option/award to acquire shares later) rather than an immediate stock purchase or sale.