[Form 4] Hovnanian Enterprises, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hovnanian Enterprises insider transaction summary: On 08/28/2025 Ara K. Hovnanian, who serves as Chairman of the Board, President and CEO and is a 10% owner, reported the sale of 609 shares of Class A common stock at a weighted average price of $138.3094 per share. The Form 4 shows numerous indirect holdings that the reporting person disclaims beneficial ownership of except for potential pecuniary interest, including aggregated indirect balances such as 62,895.872 shares and several trust-held positions described in the footnotes. The filing discloses that the shares were sold in multiple transactions within a price range of $138.28 to $138.39 and that the reporting person acts as trustee for multiple family trusts that hold HOV shares.

Positive

• Timely, detailed disclosure of the insider sale including weighted average price and price range
• Clear identification of trustee roles and the nature of indirect trust holdings, improving transparency
• No derivative transactions reported, simplifying the ownership picture

Negative

• None.

Insights

Securities Analyst

TL;DR: A senior insider reported a small, disclosed sale and detailed indirect trust holdings; this is routine compliance data with limited market impact.

The Form 4 documents a sale of 609 Class A shares by Ara K. Hovnanian at a weighted average price of $138.3094 on 08/28/2025. The filing includes explicit disclaimers of beneficial ownership and lists multiple trust-held positions for family members, clarifying the reporting person's role as trustee and potential remainder interest holder. The weighted-average sale price and the provided price range increase transparency about execution. There is no derivative activity reported. For investors, the filing confirms compliance and provides detail on ownership structure rather than signaling a material change.

Corporate Governance Expert

TL;DR: Disclosure is comprehensive: trustee roles and trust holdings are explicitly described, supporting governance transparency.

The Form 4 clearly identifies Ara K. Hovnanian's roles with the issuer and enumerates indirect holdings held in multiple family trusts, plus a small direct disposition of 609 shares. Footnotes specify the trustee relationship and the inclusion of LLC interests, which helps stakeholders evaluate control and voting considerations. The reporting person disclaims beneficial ownership except for potential pecuniary interest, consistent with Section 16 reporting norms. The filing appears procedurally complete and signed by an attorney-in-fact.

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
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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 ARA K

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of Bd., Pres. & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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
Class A Common Stock	08/28/2025		S		609	D	$138.3094(1)	62,895.872(2)	I	Held as trustee of trusts for Nadia K. Rodriguez's family(3)
Class A Common Stock								12,880	D
Class A Common Stock								52,285.872(2)	I	Held as trustee of trusts for Esther K. Barry's family(4)
Class A Common Stock								20,522.872(2)	I	Held as trustee of trusts for Lucy K. Kalian's family(5)
Class A Common Stock								45,634.872(2)	I	Held as trustee of trusts for Sossie K. Najarian's family(6)
Class A Common Stock								3,563.96(2)	I	Held by trusts for Esther K. Barry's family(7)
Class A Common Stock								4,132.76(2)	I	Held by trusts for Lucy K. Kalian's family(8)
Class A Common Stock								720(2)	I	Held by trusts for Nadia K. Rodriguez's family(9)
Class A Common Stock								720(2)	I	Held by trusts for Sossie K. Najarian's family(10)
Class A Common Stock								668	I	Held by wife

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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.28 to $138.39 per share, inclusive. The Reporting Person undertakes to provide to Hovnanian Enterprises Inc., any security holder of Hovnanian Enterprises Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. 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

3. 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

4. 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").

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

	Elizabeth D. Tice Attorney-in-Fact	08/29/2025
	** 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).
** 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.

FAQ

What did Ara K. Hovnanian report on Form 4 for HOV?

The Form 4 reports that Ara K. Hovnanian sold 609 shares of Class A common stock on 08/28/2025 at a weighted average price of $138.3094 per share.

What price range were the shares sold at in the HOV Form 4?

The filing states the shares were sold in multiple transactions at prices ranging from $138.28 to $138.39 per share.

Does the Form 4 disclose any derivative transactions for HOV?

No. Table II for derivative securities shows no derivative transactions reported in this filing.

What kinds of holdings does the reporting person indicate on the Form 4?

The report lists numerous indirect holdings held in trusts for various family members and disclaims beneficial ownership except for potential pecuniary interest; it also notes interests through an LLC.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Elizabeth D. Tice, Attorney-in-Fact on 08/29/2025.