NVE Corp Director Wei Xuan Kelly Receives 1,000-Share Option Award

What Happened

• Wei Xuan Kelly, a director of NVE Corp (NVEC), received a derivative award covering 1,000 shares on 2026-08-06. The transaction is reported as an award/grant (code A) with $0.00 paid, indicating an option or similar equity-based grant rather than a cash purchase or sale. The filing footnote states the option was granted automatically upon her reelection to the board.

Key Details

• Transaction date: 2026-08-06; Filing date: 2026-08-10 (Accession 0000724910-26-000007).
• Transaction type: Award/Grant of a derivative (reported as 1,000 shares at $0.00).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Option granted automatically on Ms. Wei’s reelection to NVE’s Board of Directors.
• Filing timeliness: No late filing flag indicated in the provided data.

Context

• This was a grant of derivative securities (an option award) tied to board service, a common, routine form of compensation for directors; it is not a market purchase or sale of stock. Such awards typically vest over time or subject to company rules — the filing excerpt doesn’t state vesting or exercise terms. This type of transaction is informational about director compensation, not a direct buy/sell signal.