Hovnanian CEO gifts 8,963 Class B shares
Hovnanian Enterprises CEO Ara K. Hovnanian reported a bona fide gift of 8,963 shares of Class B Common Stock.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Hovnanian Enterprises CEO Ara K. Hovnanian reported a bona fide gift of 8,963 shares of Class B Common Stock. These Class B shares are immediately convertible into an equal number of Class A shares. After the gift, he directly holds 326,662 Class B shares. The filing also lists multiple indirect Class B holdings held by his wife, family trusts, and related entities, with footnotes noting he is a trustee or has only a potential pecuniary or remainder interest in many of these positions.
Insider Trade Summary
8,963 shares gifted
Gift
1 txn
Insider
HOVNANIAN ARA K
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 8,963 | $0.00 | $0.00 |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 326,662 contracts (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)
Footnotes (14)
- F1. 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")
- F2. No expiration date
- F3. 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")
- F4. 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
- F5. 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
- F6. 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
- F7. 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
- F8. 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
- F9. Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
- F10. 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
- F11. 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
- F12. 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
- F13. 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
- F14. 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
Key Figures
Gifted shares: 8,963 shares
Direct Class B holdings after gift: 326,662 shares
Trust for reporting person’s family: 157,434.5600 shares
+3 more
6 metrics
Gifted shares
8,963 shares
Bona fide gift of Class B Common Stock
Direct Class B holdings after gift
326,662 shares
Direct Class B Common Stock position post-transaction
Trust for reporting person’s family
157,434.5600 shares
Class B shares held as trustee of trust for reporting person’s family
Family 1994 Long-Term Trust
50,507.5100 shares
Class B shares held by Ara K. Hovnanian Family 1994 Long-Term Trust
Trusts for Sossie K. Najarian’s family
33,256.3364 shares
Class B shares held by trusts for Sossie K. Najarian’s family
Trusts for Esther K. Barry’s family
38,736.6940 shares
Class B shares held by trusts for Esther K. Barry’s family
Key Terms
Class B Common Stock, bona fide gift, beneficial ownership, pecuniary interest, +1 more
5 terms
Class B Common Stock financial
"The Class B Common Stock is immediately convertible into an equal number of shares of Class A Common Stock"
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.
bona fide gift financial
"The transaction code G is described as a bona fide gift of 8,963 shares"
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest"
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein"
Section 16 regulatory
"The inclusion of these shares shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HOV (Hovnanian Enterprises) disclose in this Form 4?
Hovnanian Enterprises disclosed that Chairman and CEO Ara K. Hovnanian made a bona fide gift of 8,963 shares of Class B Common Stock. This is a non-market transfer, meaning no sale proceeds were received and it does not represent open-market buying or selling.
What other significant indirect HOV holdings are reported for Ara K. Hovnanian?
The filing lists several sizable indirect positions, including 157,434.5600 Class B shares held as trustee of a trust for his family and 50,507.5100 Class B shares held by the Ara K. Hovnanian Family 1994 Long-Term Trust. These are accompanied by detailed footnote disclosures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
