Hovnanian Enterprises (HOV) insider reports 13,020-share LTIP grant

Rhea-AI Filing Summary

An officer and president of Hovnanian Enterprises reported an equity award in a Form 4 filing. On December 16, 2025, the reporting person acquired 13,020 shares of Class B Common Stock, which is immediately convertible into an equal number of shares of Class A Common Stock, at a conversion price of $0.0000 under a previously granted long-term incentive plan (LTIP) award.

The transaction date reflects when the LTIP financial performance criteria were determined to have been satisfied. The LTIP award vested on October 31, 2025, and the shares are to be delivered two years after that vesting date. Following the transaction, the reporting person beneficially owns 34,216 derivative securities directly and 82,404 derivative securities indirectly through Hovnanian Family 2021 trusts.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hovnanian Alexander A.

(Last) (First) (Middle)

C/O HOVNANIAN ENTERPRISES, INC.

90 MATAWAN ROAD

(Street)

MATAWAN NJ 07747

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [ HOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	12/16/2025(2)		A		13,020		(3)	(4)	Class A Common Stock	13,020	$0.0000	34,216	D
Class B Common Stock	(1)							(1)	(4)	Class A Common Stock	82,404(5)		82,404	I	Held by Hovnanian Family 2021 trusts

Explanation of Responses:

1. The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")

2. The date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied

3. The LTIP award vested on October 31, 2025 and such shares shall be delivered two years after the vesting date.

4. No expiration date

5. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose

	Elizabeth D. Tice Attorney-in-Fact	12/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did Hovnanian Enterprises (HOV) disclose in this Form 4?

The filing reports that the company’s president, as an officer, acquired 13,020 shares of Class B Common Stock on December 16, 2025 through a long-term incentive plan (LTIP) award.

What type of shares were acquired by the Hovnanian Enterprises (HOV) officer and how are they structured?

The officer acquired Class B Common Stock, par value $0.01 per share, which is immediately convertible into an equal number of shares of Class A Common Stock, also with a par value of $0.01 per share.

How many securities does the Hovnanian Enterprises (HOV) president beneficially own after this transaction?

After the reported transaction, the president beneficially owns 34,216 derivative securities directly and 82,404 derivative securities indirectly, with the indirect holdings held by Hovnanian Family 2021 trusts.

What are the key terms of the long-term incentive plan (LTIP) award reported by Hovnanian Enterprises (HOV)?

The filing states that the LTIP award’s financial performance criteria were determined to be satisfied on December 16, 2025, the award vested on October 31, 2025, and the related shares are scheduled to be delivered two years after the vesting date.

What is the exercise or conversion price for the Hovnanian Enterprises (HOV) derivative securities acquired?

The Class B Common Stock acquired under the LTIP is listed with a conversion or exercise price of $0.0000, and each Class B share is convertible into one share of Class A Common Stock.

How is indirect ownership described for the Hovnanian Enterprises (HOV) president in this filing?

The filing notes that 82,404 derivative securities are held indirectly by the reporting person through Hovnanian Family 2021 trusts, and that beneficial ownership is disclaimed except to the extent of any potential pecuniary interest.