Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| NVE CORP /NEW/NVEC · Entity 5507 | Director | August 06, 2026 | August 10, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
NVE CORP /NEW/
Report date August 06, 2026 · Filed August 10, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Non-Qualified Stock OptionSEC Table II · derivative / convertible security · Conversion / exercise price $129.43 · Expires 2036-08-06 | Direct | 10,000 |
Reported balance
After 2026-08-06 transaction · row 1
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 1 · 2026-08-06 · Grant · Acquired 1,000 · Balance 10,000 F1: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors. |
Filing footnotes · ownership attribution and instrument terms
F1: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| August 06, 2026 Filed Aug 10, 2026 21:34 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $129.43 | $0.00 |
DisclosureSEC source: 0000724910-26-000006 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 10,000 Underlying: Common Stock · 1,000 shares Expires 2036-08-06 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors. Read SEC document |
| August 07, 2025 Filed Aug 8, 2025 20:21 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $61.72 | $0.00 |
DisclosureSEC source: 0000724910-25-000009 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2035-08-07 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors. Read SEC document |
| December 05, 2024 Filed Dec 6, 2024 21:20 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $57.46 | $0.00 |
DisclosureSEC source: 0000724910-24-000013 · primary_doc.xml · derivative · entry 5 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,000 Underlying: Non-Qualified Stock Options · 1,000 shares Expires 2026-08-04 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| December 05, 2024 Filed Dec 6, 2024 21:20 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $56.76 | $0.00 |
DisclosureSEC source: 0000724910-24-000013 · primary_doc.xml · derivative · entry 4 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,000 Underlying: Non-Qualified Stock Options · 1,000 shares Expires 2025-08-06 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| December 05, 2024 Filed Dec 6, 2024 21:20 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Disposition to issuerCommon Stock | 2,000 | $74.93 | $149,858.40 |
DisclosureSEC source: 0000724910-24-000013 · primary_doc.xml · nonDerivative · entry 3 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,040 Read SEC document |
| December 05, 2024 Filed Dec 6, 2024 21:20 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $57.46 | $57,460.00 |
DisclosureSEC source: 0000724910-24-000013 · primary_doc.xml · nonDerivative · entry 2 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| December 05, 2024 Filed Dec 6, 2024 21:20 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $56.76 | $56,760.00 |
DisclosureSEC source: 0000724910-24-000013 · primary_doc.xml · nonDerivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 2,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 01, 2024 Filed Aug 2, 2024 22:51 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $83.80 | $0.00 |
DisclosureSEC source: 0000724910-24-000010 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 10,000 Underlying: Common Stock · 1,000 shares Expires 2034-08-01 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors. Read SEC document |
| August 03, 2023 Filed Aug 7, 2023 21:05 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $80.77 | $0.00 |
DisclosureSEC source: 0000724910-23-000012 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2033-08-03 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors. Read SEC document |
| May 15, 2023 Filed May 17, 2023 01:42 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $67.69 | $0.00 |
DisclosureSEC source: 0000724910-23-000004 · primary_doc.xml · derivative · entry 5 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,000 Underlying: Common Stock · 1,000 shares Expires 2024-08-07 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| May 15, 2023 Filed May 17, 2023 01:42 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $49.86 | $0.00 |
DisclosureSEC source: 0000724910-23-000004 · primary_doc.xml · derivative · entry 4 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2023-08-08 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| May 15, 2023 Filed May 17, 2023 01:42 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | SaleCommon Stock | 2,000 | $86.20 | $172,397.00 |
DisclosureSEC source: 0000724910-23-000004 · primary_doc.xml · nonDerivative · entry 3 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 1,040 Read SEC document |
| May 15, 2023 Filed May 17, 2023 01:42 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $67.69 | $67,690.00 |
DisclosureSEC source: 0000724910-23-000004 · primary_doc.xml · nonDerivative · entry 2 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| May 15, 2023 Filed May 17, 2023 01:42 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $49.86 | $49,860.00 |
DisclosureSEC source: 0000724910-23-000004 · primary_doc.xml · nonDerivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 2,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 04, 2022 Filed Aug 5, 2022 21:06 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $52.32 | $0.00 |
DisclosureSEC source: 0000724910-22-000025 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,000 Underlying: Common Stock · 1,000 shares Expires 2032-08-04 Read SEC document |
| August 05, 2021 Filed Aug 31, 2021 20:30 UTC | NVE CORP /NEW/ NVEC · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $72.20 | $0.00 |
DisclosureSEC source: 0000724910-21-000026 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2031-08-05 Read SEC document |
| August 06, 2020 Filed Aug 10, 2020 10:18 UTC | NVE CORP /NEW/ nvec · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $57.24 | $0.00 |
DisclosureSEC source: 0000724910-20-000034 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,000 Underlying: Common Stock · 1,000 shares Expires 2030-08-06 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors Read SEC document |
| February 06, 2020 Filed Feb 6, 2020 22:13 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $54.11 | $0.00 |
DisclosureSEC source: 0000724910-20-000006 · primary_doc.xml · derivative · entry 5 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,000 Underlying: Common Stock · 1,000 shares Expires 2022-08-09 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 06, 2020 Filed Feb 6, 2020 22:13 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $58.25 | $0.00 |
DisclosureSEC source: 0000724910-20-000006 · primary_doc.xml · derivative · entry 4 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,000 Underlying: Common Stock · 1,000 shares Expires 2021-08-05 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 06, 2020 Filed Feb 6, 2020 22:13 UTC | NVE CORP /NEW/ nvec · Entity 5507 | SaleCommon Stock | 2,000 | $72.23 | $144,460.00 |
DisclosureSEC source: 0000724910-20-000006 · primary_doc.xml · nonDerivative · entry 3 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,040 Read SEC document |
| February 06, 2020 Filed Feb 6, 2020 22:13 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $54.11 | $54,110.00 |
DisclosureSEC source: 0000724910-20-000006 · primary_doc.xml · nonDerivative · entry 2 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 06, 2020 Filed Feb 6, 2020 22:13 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $58.25 | $58,250.00 |
DisclosureSEC source: 0000724910-20-000006 · primary_doc.xml · nonDerivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 01, 2019 Filed Aug 2, 2019 20:22 UTC | NVE CORP /NEW/ nvec · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $67.65 | $0.00 |
DisclosureSEC source: 0000724910-19-000031 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2029-08-01 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors Read SEC document |
| November 16, 2018 Filed Nov 16, 2018 21:29 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $42.45 | $0.00 |
DisclosureSEC source: 0000724910-18-000038 · primary_doc.xml · derivative · entry 5 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,000 Underlying: Common Stock · 1,000 shares Expires 2020-08-05 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| November 16, 2018 Filed Nov 16, 2018 21:29 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $51.04 | $0.00 |
DisclosureSEC source: 0000724910-18-000038 · primary_doc.xml · derivative · entry 4 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2019-08-06 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| November 16, 2018 Filed Nov 16, 2018 21:29 UTC | NVE CORP /NEW/ nvec · Entity 5507 | SaleCommon Stock | 2,000 | $84.02 | $168,040.00 |
DisclosureSEC source: 0000724910-18-000038 · primary_doc.xml · nonDerivative · entry 3 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,040 Read SEC document |
| November 16, 2018 Filed Nov 16, 2018 21:29 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $42.45 | $42,450.00 |
DisclosureSEC source: 0000724910-18-000038 · primary_doc.xml · nonDerivative · entry 2 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| November 16, 2018 Filed Nov 16, 2018 21:29 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $51.04 | $51,040.00 |
DisclosureSEC source: 0000724910-18-000038 · primary_doc.xml · nonDerivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| August 02, 2018 Filed Aug 3, 2018 20:31 UTC | NVE CORP /NEW/ nvec · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $107.86 | $0.00 |
DisclosureSEC source: 0000724910-18-000026 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,000 Underlying: Common Stock · 1,000 shares Expires 2028-08-02 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors Read SEC document |
| August 03, 2017 Filed Aug 4, 2017 20:21 UTC | NVE CORP /NEW/ nvec · Entity 5507 | GrantNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $76.13 | $0.00 |
DisclosureSEC source: 0000724910-17-000033 · primary_doc.xml · derivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 1,000 shares Expires 2027-08-03 F1 · shares: Option granted automatically on Ms. Hollister's reelection to NVE's Board of Directors Read SEC document |
| January 26, 2017 Filed Jan 27, 2017 21:12 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 1,000 | $0.00 Strike: $31.27 | $0.00 |
DisclosureSEC source: 0000724910-17-000005 · primary_doc.xml · derivative · entry 5 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,000 Underlying: Common Stock · 1,000 shares Expires 2018-08-07 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 26, 2017 Filed Jan 27, 2017 21:12 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionNon-Qualified Stock Option · Derivative | 2,000 | $0.00 Strike: $34.71 | $0.00 |
DisclosureSEC source: 0000724910-17-000005 · primary_doc.xml · derivative · entry 4 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,000 Underlying: Common Stock · 2,000 shares Expires 2017-09-06 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 26, 2017 Filed Jan 27, 2017 21:12 UTC | NVE CORP /NEW/ nvec · Entity 5507 | SaleCommon Stock | 3,000 | $78.32 | $234,960.00 |
DisclosureSEC source: 0000724910-17-000005 · primary_doc.xml · nonDerivative · entry 3 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,040 Read SEC document |
| January 26, 2017 Filed Jan 27, 2017 21:12 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 1,000 | $31.27 | $31,270.00 |
DisclosureSEC source: 0000724910-17-000005 · primary_doc.xml · nonDerivative · entry 2 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 26, 2017 Filed Jan 27, 2017 21:12 UTC | NVE CORP /NEW/ nvec · Entity 5507 | Exercise / conversionCommon Stock | 2,000 | $34.71 | $69,420.00 |
DisclosureSEC source: 0000724910-17-000005 · primary_doc.xml · nonDerivative · entry 1 HOLLISTER PATRICIA M · CIK 0001195590 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 3,040 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.