Director Preiser sells 250 NVR shares for $2.3M, reducing stake by 51.1% to 239 shares
David A. Preiser, a director of NVR, sold 250 shares at $9,302.64 on 2024-11-08 for $2,325,660.00, eliminating over half of his 489-share holdings and retaining only 239 shares. This is a substantial reduction in his directional exposure to the company. At the time of sale, NVR was trading near its 52-week highs (the transaction occurred at $9,302.64 versus the 52-week range of $5,836.52–$9,924.40). While Preiser's cross-ticker track record shows an average 90-day return of +15.5% after his prior sells, his one measurable trade at NVR on 2024-04-29 resulted in a 90-day return of +13.4%, meaning the stock rose after he sold—neither trade was well-timed by the sell-timing metric. The company itself faces a near-term headwind: annual revenue has contracted 9.6% year-over-year despite a $2.7B quarterly revenue run rate and $429.3M net income, a deteriorating operational backdrop against which a director is materially de-risking.