Hovnanian CEO converts 12,595 Class B shares
Hovnanian Enterprises Inc. Chairman and CEO Ara K. Hovnanian reported a conversion of 12,595 shares of Class B Common Stock into an equal number of Class A Common Stock on July 15, 2026, at a stated price of 0.0000 per share.
Rhea-AI Filing Summary
Hovnanian Enterprises Inc. Chairman and CEO Ara K. Hovnanian reported a conversion of 12,595 shares of Class B Common Stock into an equal number of Class A Common Stock on July 15, 2026, at a stated price of 0.0000 per share. Following the transaction, he holds 12,595 Class A shares and 324,716 Class B shares directly. He also reports extensive additional indirect holdings of both classes through various family trusts, LLCs and partnerships, many of which are immediately convertible into Class A with no expiration date, and for which he disclaims beneficial ownership except to the extent of any potential pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,595 shares exercised/converted
Exercise
28 txns
Insider
HOVNANIAN ARA K
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F11, F1, F12 | 12,595 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 12,595 | $0.00 | $0.00 |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F13 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F14 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F4 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F5 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F15 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F16 | -- | -- | -- |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F7 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F17 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F8 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F9 | -- | -- | -- |
| holding | Class B Common Stock F11, F12, F2, F10 | -- | -- | -- |
| holding | Class B Common Stock F11, F12 | -- | -- | -- |
| holding | Class A Common Stock F2, F3 | -- | -- | -- |
| holding | Class A Common Stock F2, F4 | -- | -- | -- |
| holding | Class A Common Stock F2, F5 | -- | -- | -- |
| holding | Class A Common Stock F2, F6 | -- | -- | -- |
| holding | Class A Common Stock F2, F7 | -- | -- | -- |
| holding | Class A Common Stock F2, F8 | -- | -- | -- |
| holding | Class A Common Stock F2, F9 | -- | -- | -- |
| holding | Class A Common Stock F2, F10 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 324,716 contracts (Direct);
Class A Common Stock — 12,595 shares (Direct);
Class B Common Stock — 5,328.4 contracts (Indirect, Held as trustee for daughter Serena);
Class B Common Stock — 5,328.4 contracts (Indirect, Held as trustee for son Alexander);
Class B Common Stock — 160 contracts (Indirect, Held as trustee of the Alexander Hovnanian Trust);
Class B Common Stock — 160 contracts (Indirect, Held as trustee of the Alton Hovnanian Trust);
Class B Common Stock — 157,434.56 contracts (Indirect, Held as trustee of trust for Reporting Person's family);
Class B Common Stock — 25,281.4 contracts (Indirect, Held as trustee of trusts for Esther K. Barry's family);
Class B Common Stock — 25,281.4 contracts (Indirect, Held as trustee of trusts for Lucy K. Kalian's family);
Class B Common Stock — 25,281.4 contracts (Indirect, Held as trustee of trusts for Nadia K. Rodriguez's family);
Class B Common Stock — 25,281.4 contracts (Indirect, Held as trustee of trusts for Sossie K. Najarian's family);
Class B Common Stock — 50,507.51 contracts (Indirect, Held by Ara K. Hovnanian Family 1994 long-term trusts);
Class B Common Stock — 5,125.28 contracts (Indirect, Held by Reporting Person through partnership interests in the Limited Partnership.);
Class B Common Stock — 38,736.694 contracts (Indirect, Held by trusts for Esther K. Barry's family);
Class B Common Stock — 42,034.92 contracts (Indirect, Held by trusts for Kevork S. Hovnanian's family);
Class B Common Stock — 38,777.8564 contracts (Indirect, Held by trusts for Lucy K. Kalian's family);
Class B Common Stock — 22,849.1972 contracts (Indirect, Held by trusts for Nadia K. Rodriguez's family);
Class B Common Stock — 33,256.3364 contracts (Indirect, Held by trusts for Sossie K. Najarian's family);
Class B Common Stock — 812 contracts (Indirect, Held by wife);
Class A Common Stock — 52,285.872 shares (Indirect, Held as trustee of trusts for Esther K. Barry's family);
Class A Common Stock — 20,522.872 shares (Indirect, Held as trustee of trusts for Lucy K. Kalian's family);
Class A Common Stock — 62,895.872 shares (Indirect, Held as trustee of trusts for Nadia K. Rodriguez's family);
Class A Common Stock — 45,634.872 shares (Indirect, Held as trustee of trusts for Sossie K. Najarian's family);
Class A Common Stock — 3,563.96 shares (Indirect, Held by trusts for Esther K. Barry's family);
Class A Common Stock — 4,132.76 shares (Indirect, Held by trusts for Lucy K. Kalian's family);
Class A Common Stock — 720 shares (Indirect, Held by trusts for Nadia K. Rodriguez's family);
Class A Common Stock — 720 shares (Indirect, Held by trusts for Sossie K. Najarian's family);
Class A Common Stock — 668 shares (Indirect, Held by wife)
Footnotes (17)
- F1. On July 15, 2026, Ara Hovnanian converted 12,595 shares of Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), in to an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock").
- F2. 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
- F3. Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the Hovnanian Family 2012 LLC (the "2012 LLC").
- F4. Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- F5. Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- F6. Held by trusts for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- F7. Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- F8. Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- F9. Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- F10. Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- F11. 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")
- F12. No expiration date
- F13. Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
- F14. Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
- F15. Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
- F16. Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
- F17. Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
Key Figures
Class B shares converted: 12,595 shares
Conversion price per share: 0.0000 per share
Direct Class A holdings after transaction: 12,595 shares
+3 more
6 metrics
Class B shares converted
12,595 shares
Class B Common Stock converted into an equal number of Class A shares on July 15, 2026
Conversion price per share
0.0000 per share
Stated transaction price for the Class B to Class A conversion
Direct Class A holdings after transaction
12,595 shares
Total Class A Common Stock held directly following the conversion
Direct Class B holdings after transaction
324,716 shares
Total Class B Common Stock held directly after 12,595 shares were converted
Largest indirect Class B position
157,434.5600 shares
Underlying Class A shares from Class B held by Ara K. Hovnanian 2012 Trust
Indirect Class B position via long-term trust
50,507.5100 shares
Underlying Class A shares from Class B held by Ara K. Hovnanian Family 1994 Long-Term Trust
Key Terms
Class B Common Stock, non-cumulative, beneficial ownership, remainder interest, +1 more
5 terms
Class B Common Stock financial
"The Class B Common Stock, par value $.01 per share, non-cumulative"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
non-cumulative financial
"Class B Common Stock, par value $.01 per share, non-cumulative"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
remainder interest financial
"of which the reporting person is a trustee and has a potential remainder interest"
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did HOV (Hovnanian Enterprises) report on July 15, 2026?
Hovnanian’s CEO Ara K. Hovnanian converted 12,595 Class B shares into 12,595 Class A shares on July 15, 2026, in a derivative conversion reported at a stated price of 0.0000 per share.
What does the beneficial ownership disclaimer mean in the HOV Form 4 filing?
The filing explains that Ara K. Hovnanian disclaims beneficial ownership of certain indirectly held shares except to the extent of his potential pecuniary interest, and their inclusion should not be deemed an admission of beneficial ownership for Section 16 or other purposes.
Was the HOV insider conversion reported as a buy or sell transaction?
The transaction is coded as a conversion of a derivative security, where Class B shares were converted into Class A shares. It reflects both an acquisition of 12,595 Class A shares and a corresponding disposition of 12,595 Class B shares, rather than a market buy or sell.
AI-generated analysis. How Rhea-AI works. Not financial advice.
