Hovnanian Enterprises (NYSE: HOV) director reports LTIP share award

Rhea-AI Filing Summary

Hovnanian Enterprises, Inc. disclosed that one of its directors acquired 9,163 shares of Class A common stock on December 16, 2025 at a stated price of $0.0000 per share, reported as an acquisition transaction under a long-term incentive plan award.

The filing shows the director beneficially owning 177,269 Class A shares directly after the transaction, plus 6,845 shares held indirectly through a GRAT, 3,200 shares held by a spouse, and 4,056 shares held by the spouse's GRAT. The transaction date reflects when financial performance criteria for the previously granted long-term incentive plan award were determined satisfied, and the award vested on October 31, 2025, with the shares scheduled to be delivered two years after that vesting date.

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

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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^*

SORSBY J LARRY

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

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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	12/16/2025(1)		A		9,163(2)	A	$0.0000	177,269	D
Class A Common Stock								6,845	I	Held by GRAT
Class A Common Stock								3,200	I	Held by Spouse
Class A Common Stock								4,056	I	Held by Spouse's GRAT

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 date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied

2. The LTIP award vested on October 31, 2025 and such shares shall be delivered two years after the vesting date.

	Elizabeth D. Tice Attorney-in-Fact	12/18/2025
	** 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).
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FAQ

What insider transaction did a Hovnanian Enterprises (HOV) director report?

A Hovnanian Enterprises director reported acquiring 9,163 shares of Class A common stock on December 16, 2025, recorded as an acquisition under a long-term incentive plan award at a stated price of $0.0000 per share.

How many HOV shares does the director beneficially own after this transaction?

After the reported transaction, the director beneficially owns 177,269 Class A shares directly, plus 6,845 shares held by a GRAT, 3,200 shares held by a spouse, and 4,056 shares held by the spouse's GRAT.

What is the source of the 9,163 Hovnanian Enterprises shares acquired?

The 9,163 shares come from a previously granted long-term incentive plan (LTIP) award, for which the financial performance criteria were determined to have been satisfied on December 16, 2025.

When did the LTIP award related to the HOV shares vest and when will shares be delivered?

The LTIP award vested on October 31, 2025, and according to the disclosure, the related shares shall be delivered two years after the vesting date.

How are some of the Hovnanian Enterprises shares held indirectly by the director?

Indirect holdings include 6,845 Class A shares held by a GRAT, 3,200 shares held by the director's spouse, and 4,056 shares held by the spouse's GRAT.

Is this Form 4 filed by one or multiple reporting persons for HOV?

The disclosure indicates it is a Form filed by one reporting person, reflecting the holdings and transaction of a single director.