HOV insider update: 13,100 Class A shares tied to code F
Rhea-AI Filing Summary
Hovnanian Enterprises (HOV) reported insider activity by Chairman, President & CEO Ara K. Hovnanian, who is also a director and 10% owner. On 10/31/2025, a Form 4 discloses a transaction coded F involving derivative securities tied to the company’s dual-class structure, where Class B Common Stock is immediately convertible into an equal number of Class A shares.
The filing lists 13,100 shares of Class A Common Stock at $120.23 in connection with the transaction, and shows 278,814 derivative securities beneficially owned directly following the reported activity. The report also details multiple indirect holdings where the reporting person serves as trustee, including 157,434.56 shares held for the reporting person’s family and 50,507.51 shares held by the Ara K. Hovnanian Family 1994 long-term trusts. Footnotes note immediate convertibility, no expiration date, and a disclaimer of beneficial ownership for certain trusts.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 with trust-related positions; neutral impact.
The disclosure records an insider transaction on 10/31/2025 with code F tied to derivative securities where Class B is immediately convertible into Class A. The entry lists 13,100 Class A shares at $120.23 and shows 278,814 derivative securities directly owned after the event.
Extensive indirect positions are reported through family trusts and entities, some with footnoted disclaimers of beneficial ownership. This primarily updates ownership records and does not itself signal operational or financial changes.
Subsequent filings may provide additional ownership updates, but based on the data presented, this is an administrative insider report rather than a thesis-changing event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 13,100 | $120.23 | $1.58M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (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") No expiration date 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") 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 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 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 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 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 Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee 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 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 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 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 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
