BAKER DANIEL A 4

What Happened
Daniel A. Baker, President & CEO and a director of NVE CORP (NVEC), was granted 2,500 shares via a derivative award on May 8, 2026. The Form 4 lists the acquisition as an award (transaction code A) with a $0.00 purchase price, indicating a compensation grant (e.g., restricted shares or RSUs) rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-08; Filing date: 2026-05-18.
• Shares granted: 2,500; Price reported: $0.00 (no cash paid).
• Reported as a derivative award (code A) — typically RSUs or restricted stock rather than an outright purchase.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timing: The Form 4 was filed 10 days after the transaction date, which appears to be later than the usual two-business-day filing requirement for Form 4s.

Context
Awards like this are typically part of executive compensation packages and may vest over time; they differ from open-market buys that are often used to signal personal conviction. A $0 price simply means the award was granted as compensation, not purchased.