ANDREWS CHARLES ELLIOTT 4

What Happened
Charles E. Andrews (listed in the filing as ANDREWS CHARLES ELLIOTT), a director of NVR, reported a gift of 5 shares of NVR common stock on February 20, 2026. The transaction is recorded as a gift (code G) with an acquisition/disposition price of $0.00, so no cash proceeds were reported.

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-23.
• Transaction type/code: Gift (G).
• Shares transferred: 5; price per share: $0.00; total reported proceeds: $0.
• Shares owned after transaction: not specified in the excerpt — see the Form 4 for post-transaction holdings.
• No indication of 10b5-1 plan, tax withholding, or option exercise in this record.
• Filing appears to cover the Feb 20 transaction and was submitted Feb 23; verify timeliness against SEC two-business-day rule if relevant.

Context
Gifts are a disposition of shares for non-market reasons (e.g., estate planning, family transfers, or charitable donations) and generally do not signal the insider’s view of the company’s near-term prospects. Because this involves only 5 shares and $0 in proceeds, it’s a routine disclosure rather than a material insider trade. For full details (post-transaction holdings and any footnotes), review the complete Form 4 (Accession No. 0000906163-26-000024).