NVE Corp (NVEC) Director Wei Xuan Kelly Sells 538 Shares

What Happened
Wei Xuan Kelly, a director of NVE Corp (NVEC), disposed of 538 shares to the issuer on August 12, 2026 at $123.00 per share, for a total transaction value of $66,174. This was a disposition to the issuer (a sale/return of shares), not a purchase.

Key Details

• Transaction date and price: 2026-08-12 — 538 shares at $123.00 each; total $66,174.
• Transaction type/code: Disposition to issuer (Code D).
• Filing date / timeliness: Form filed Aug 20, 2026 (Accession 0000724910-26-000009); appears to be filed late (transactionTimeliness = 'L').
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: None provided in the data supplied (no 10b5-1, tax-withholding, or other explanatory note shown).

Context
A "disposition to issuer" often reflects shares returned to the company (for example, to satisfy tax withholding or other plan requirements), but the Form 4 here does not state the reason. Such routine dispositions do not necessarily indicate a change in the insider's view of the company. The late filing is procedural information investors may want to monitor; late Form 4s can affect transparency but do not by themselves explain the insider's motivation.