Hovnanian Enterprises (HOV) director exercises 2,014 options, 1,223 shares withheld for taxes

Rhea-AI Filing Summary

Hovnanian Enterprises director Vincent Pagano Jr exercised stock options to acquire 2,014 shares of Class A Common Stock at an exercise price of $42.50 per share. To cover related tax obligations, 1,223 shares were withheld at $112.895 per share, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 24,948 Class A shares.

Insider Trade Summary

2,014 shares exercised/converted

Mixed 3 txns

Insider PAGANO VINCENT JR

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	2,014	$0.00	--
Exercise	Class A Common Stock	2,014	$42.50	$86K
Tax Withholding	Class A Common Stock	1,223	$112.895	$138K

Holdings After Transaction: Stock Option (right to buy) — 0 shares (Direct); Class A Common Stock — 26,171 shares (Direct)

Footnotes (1)

1. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), that occurred on March 29, 2019. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 The option is fully vested N/A

Key Figures

Options exercised: 2,014 shares Exercise price: $42.50 per share Shares withheld for taxes: 1,223 shares +3 more

6 metrics

Options exercised 2,014 shares Stock Option exercise into Class A Common Stock

Exercise price $42.50 per share Exercise price of stock option on Class A Common Stock

Shares withheld for taxes 1,223 shares Tax-withholding disposition at $112.895 per share

Tax withholding price $112.895 per share Price used for tax-withholding share disposition

Shares owned after transactions 24,948 shares Direct holdings of Class A Common Stock following Form 4 activity

Exercised option size 2,014 underlying shares Underlying security shares for the exercised option

Key Terms

Stock Option (right to buy), Class A Common Stock, tax-withholding disposition, reverse stock split, +1 more

5 terms

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)""

Class A Common Stock financial

"underlying_security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

reverse stock split financial

"Adjusted for the Issuer's 1-for-25 reverse stock split"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

PAGANO VINCENT JR

(Last) (First) (Middle)

C/O HOVNANIAN ENTERPRISES, INC.

90 MATAWAN ROAD

(Street)

MATAWAN NEW JERSEY 07747

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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
Class A Common Stock	04/01/2026		M		2,014	A	$42.5	26,171	D
Class A Common Stock	04/01/2026		F		1,223	D	$112.895	24,948	D

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
Stock Option (right to buy)	$42.5(1)	04/01/2026		M			2,014(2)	(3)	06/09/2026	Class A Common Stock	2,014(2)	$0.0000(4)	0.0000	D

Explanation of Responses:

1. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), that occurred on March 29, 2019.

2. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019

3. The option is fully vested

4. N/A

	Elizabeth D. Tice Attorney-in-Fact	04/03/2026
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did HOV director Vincent Pagano Jr report on this Form 4?

Vincent Pagano Jr exercised stock options for 2,014 HOV Class A Common shares at $42.50 per share. The filing also shows shares withheld for taxes and reports his updated direct ownership after these transactions.

How many HOV shares did Vincent Pagano Jr acquire through option exercise?

He acquired 2,014 shares of HOV Class A Common Stock by exercising stock options. These options carried a $42.50 per share exercise price, converting a derivative position into directly held common shares as of the reported transaction date.

How many HOV shares were withheld for taxes in this Form 4 filing?

The Form 4 shows 1,223 shares of HOV Class A Common Stock were withheld at $112.895 per share. This tax-withholding disposition covers obligations tied to the option exercise and is not an open-market sale of shares.

What is Vincent Pagano Jr’s HOV share ownership after these transactions?

After the reported exercise and tax-withholding disposition, Vincent Pagano Jr directly owns 24,948 shares of HOV Class A Common Stock. This post-transaction balance reflects his remaining equity position visible in this specific insider filing.

What type of derivative security did Vincent Pagano Jr exercise at HOV?

He exercised a stock option described as a "Stock Option (right to buy)" on HOV Class A Common Stock. The option was fully vested and allowed purchase of 2,014 underlying shares at a $42.50 per share exercise price.

Was the tax-related share disposition in this HOV Form 4 an open-market sale?

No, the 1,223-share disposition is labeled with code F, indicating shares were delivered to pay exercise price or taxes. This is a tax-withholding mechanism, not an open-market sale, and does not reflect a discretionary share sale decision.