HOVNANIAN ENTERPRISES INC Insider Trading Activity
Hovnanian Enterprises director J. Larry Sorsby reported gifting 6,820 shares of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Hovnanian Enterprises director J. Larry Sorsby reported gifting 6,820 shares of Class A Common Stock. The bona fide gifts occurred on April 27 and April 29, 2026, split between his direct holdings and shares held indirectly through his spouse. After these transfers, Sorsby holds 187,524 shares directly and 3,846 shares indirectly via his spouse. The gifts were reported at a price of $0.00 per share, reflecting non-cash transfers rather than market sales.
Insider Trade Summary
6,820 shares gifted
Gift
4 txns
Insider
SORSBY J LARRY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 1,280 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 1,280 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 2,130 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 2,130 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 187,524 shares (Direct);
Class A Common Stock — 3,846 shares (Indirect, Held by Spouse)
Footnotes (2)
- F1. Reflects a transfer of shares of Class A Common Stock, par value $.01 per share, cumulative ("Class A Common Stock"), from the Reporting Person's grantor retained annuity trust ("GRAT") to the Reporting Person exempt from reporting under Rule 16a-13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- F2. Reflects a transfer of shares of Class A Common Stock from the GRAT of the Reporting Person's spouse to the Reporting Person's spouse exempt from reporting under Rule 16a-13 of the Exchange Act.
Key Figures
Total shares gifted: 6,820 shares
Gift date: April 27, 2026
Gift date: April 29, 2026
+3 more
6 metrics
Total shares gifted
6,820 shares
Bona fide gifts of Class A Common Stock
Gift date
April 27, 2026
Class A Common Stock bona fide gifts
Gift date
April 29, 2026
Class A Common Stock bona fide gifts
Direct holdings after gifts
187,524 shares
Class A Common Stock held directly post-transaction
Indirect holdings after gifts
3,846 shares
Class A Common Stock held indirectly via spouse
Reported gift price
$0.00 per share
Non-cash bona fide gift transactions
Key Terms
bona fide gift, grantor retained annuity trust, Rule 16a-13, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
grantor retained annuity trust financial
"transfer of shares of Class A Common Stock, par value $.01 per share, cumulative ("Class A Common Stock"), from the Reporting Person's grantor retained annuity trust ("GRAT")"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Rule 16a-13 regulatory
"exempt from reporting under Rule 16a-13 of the Securities Exchange Act of 1934"
indirect ownership financial
""direct_or_indirect": "I","nature_of_ownership": "Held by Spouse""
Class A Common Stock financial
"Reflects a transfer of shares of Class A Common Stock, par value $.01 per share"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did HOV director J. Larry Sorsby report?
Director J. Larry Sorsby reported making bona fide gifts of 6,820 shares of Hovnanian Enterprises Class A Common Stock. These non-cash transfers occurred on April 27 and April 29, 2026, and reflect charitable or personal gifting rather than open-market trading activity.
On what dates did the HOV stock gifts by J. Larry Sorsby occur?
The reported gifts of Hovnanian Enterprises Class A Common Stock occurred on April 27, 2026 and April 29, 2026. Multiple bona fide gift transactions were filed for both dates, covering shares held directly and shares held indirectly through Sorsby’s spouse.
What are J. Larry Sorsby’s HOV holdings after the reported gifts?
After the reported gifts, J. Larry Sorsby holds 187,524 shares of Hovnanian Enterprises Class A Common Stock directly and 3,846 shares indirectly through his spouse. These post-transaction balances are disclosed in the Form 4 totals following each gift transaction.
Were the HOV stock gifts by J. Larry Sorsby market sales?
No. The transactions are coded as bona fide gifts (Code G) with a reported price of $0.00 per share. This indicates non-cash transfers, such as charitable or personal gifts, rather than open-market purchases or sales of Hovnanian Enterprises stock.
How are indirect HOV holdings by J. Larry Sorsby reported in this filing?
Indirect holdings are reported as Held by Spouse
AI-generated analysis. How Rhea-AI works. Not financial advice.
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