NVE Corp (NVEC) CEO Daniel Baker Exercises Options, Sells Shares

What Happened
Daniel A. Baker, President & CEO and a director of NVE Corp (NVEC), executed multiple option exercises on July 27, 2026 and sold shares in the open market July 27–29, 2026. He exercised options to acquire 6,375 shares at an exercise price of $117.55 (total shown cost $749,381). He also sold 20,000 shares in three open-market trades (1,518 @ $117.56; 3,260 @ $117.57; 15,222 @ $114.08), generating aggregate proceeds of $2,298,260. The filings also show six derivative-disposal line items of 2,500 shares each ($0) related to the option exercises.

Key Details

• Transaction dates and prices:
  • 2026-07-27: Exercises (M) — 1,344; 853; 1,496; 864; 757; 1,061 shares @ $117.55 (acquired). Total acquisition value shown $749,381.
  • 2026-07-27: Derivative disposals (M) — six entries of 2,500 shares @ $0 (each) — total 15,000 shares (see footnotes).
  • 2026-07-27: Open-market sale — 1,518 shares @ $117.56 ($178,456).
  • 2026-07-28: Open-market sale — 3,260 shares @ $117.57 ($383,278).
  • 2026-07-29: Open-market sale — 15,222 shares @ $114.08 ($1,736,526).
  • Total open-market proceeds: $2,298,260.
• Shares owned after transaction: Not provided in the materials you supplied.
• Footnotes:
  • F1: All transactions were cashless net option exercises (some shares were surrendered to cover exercise obligations).
  • F2: The incentive stock options shown would expire three months after the employee’s retirement.
• Filing timeliness: The report was filed July 29, 2026 for transactions dated July 27–29; no late filing flag was indicated in the provided data.

Context

• These were option exercises (derivative transactions) combined with immediate share dispositions as part of cashless net exercises. Cashless net exercises typically result in some exercised shares being surrendered to cover the exercise price, taxes, or broker fees; the filing shows surrendered shares as $0 disposals.
• Sales in the open market are often routine following option exercises; the filing is factual and does not state the insider’s motivation.