Hovnanian CEO sells 12,880 Class A shares
Hovnanian Enterprises Chairman and CEO Ara K. Hovnanian reported an open-market sale of 12,880 shares of Class A Common Stock at a weighted average price of $125.7847 per share, leaving him with no directly held Class A shares after the transaction.
Rhea-AI Filing Summary
Hovnanian Enterprises Chairman and CEO Ara K. Hovnanian reported an open-market sale of 12,880 shares of Class A Common Stock at a weighted average price of $125.7847 per share, leaving him with no directly held Class A shares after the transaction.
Separate entries show indirect holdings associated with his wife and multiple family trusts, where he serves as trustee or has a potential remainder interest. He disclaims beneficial ownership of these securities except to the extent of any potential pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,880 shares
Net Sell
10 txns
Insider
HOVNANIAN ARA K
Role
Chairman of the Board & CEO
Sold
12,880 shs ($1.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,880 | $125.7847 | $1.62M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 0 shares (Direct);
Class A Common Stock — 52,285.872 shares (Indirect, Held as trustee of trusts for Esther K. Barry's family);
Class A Common Stock — 20,522.872 shares (Indirect, Held as trustee of trusts for Lucy K. Kalian's family);
Class A Common Stock — 62,895.872 shares (Indirect, Held as trustee of trusts for Nadia K. Rodriguez's family);
Class A Common Stock — 45,634.872 shares (Indirect, Held as trustee of trusts for Sossie K. Najarian's family);
Class A Common Stock — 3,563.96 shares (Indirect, Held by trusts for Esther K. Barry's family);
Class A Common Stock — 4,132.76 shares (Indirect, Held by trusts for Lucy K. Kalian's family);
Class A Common Stock — 720 shares (Indirect, Held by trusts for Nadia K. Rodriguez's family);
Class A Common Stock — 720 shares (Indirect, Held by trusts for Sossie K. Najarian's family);
Class A Common Stock — 668 shares (Indirect, Held by wife)
Footnotes (10)
- F1. Represents the weighted average sales price for price increments ranging from $125.42 to $126.38. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- F2. 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
- F3. 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").
- F4. 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
- F5. 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
- F6. 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
- F7. 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
- F8. 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
- F9. 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
- F10. 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
Shares sold: 12,880 shares
Weighted average sale price: $125.7847 per share
Price range: $125.42–$126.38
+3 more
6 metrics
Shares sold
12,880 shares
Class A Common Stock open-market sale
Weighted average sale price
$125.7847 per share
Open-market sale of 12,880 shares
Price range
$125.42–$126.38
Range of individual sale prices
Direct holdings after transaction
0 shares
Direct Class A Common Stock
Indirect trust holdings (S. K. Najarian family)
45,634.8720 shares
Held as trustee for Sossie K. Najarian's family
Indirect trust holdings (N. K. Rodriguez family)
62,895.8720 shares
Held as trustee for Nadia K. Rodriguez's family
Key Terms
weighted average sales price, beneficial ownership, potential pecuniary interest, trustee, +1 more
5 terms
weighted average sales price financial
"Represents the weighted average sales price for price increments ranging from $125.42 to $126.38."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein."
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.
potential pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein"
trustee financial
"of which the reporting person is a trustee and has a potential remainder interest"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
limited liability interest financial
"including shares held through a limited liability interest in the Hovnanian Family 2012 LLC"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HOVNANIAN ENTERPRISES INC (HOV) report for Ara K. Hovnanian?
Ara K. Hovnanian reported selling 12,880 shares of Hovnanian Enterprises Class A Common Stock in an open-market transaction. The weighted average sale price was $125.7847 per share, and the transaction was coded as a sale on the Form 4.
What indirect HOVNANIAN ENTERPRISES (HOV) holdings are associated with Ara K. Hovnanian?
The filing lists indirect Class A holdings through his wife and various family trusts. Examples include 45,634.8720 shares held as trustee for the family of Sossie K. Najarian and 62,895.8720 shares as trustee for the family of Nadia K. Rodriguez.
What does the weighted average price disclosure mean in this HOV Form 4 filing?
The weighted average price of $125.7847 reflects multiple sales executed between $125.42 and $126.38. The Form 4 notes that detailed trade-level price information for each separate transaction will be provided upon request to the issuer, SEC staff, or any security holder.
AI-generated analysis. How Rhea-AI works. Not financial advice.
