Hovnanian CEO delivers or withholds Class B shares
Class B shares are immediately convertible into an equal number of Class A shares; the report also lists indirect positions through family trusts.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
HOVNANIAN ENTERPRISES INC (HOV) Chairman of the Board & CEO Ara K. Hovnanian reported two direct dispositions of Class B Common Stock on November 2, 2026: 4,368 shares and 10,267 shares delivered or withheld for payment of exercise price or tax liability, each reported at $104.92 per share. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise Price or Tax Liability: 14,635 shares
Exercise Price or Tax Liability
2 txns
Insider
HOVNANIAN ARA K
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock F1, F2 | 4,368 | $104.92 | $458K |
| Exercise Price or Tax Liability | Class B Common Stock F1, F2 | 10,267 | $104.92 | $1.08M |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F3 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F5 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F6 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F7 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F8 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F9 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F10 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F11 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F12 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F13 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2, F4, F14 | -- | -- | -- |
| Holding | Class B Common Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 310,081 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
Class B shares delivered or withheld: 4,368 shares
Class B shares delivered or withheld: 10,267 shares
Reported per-share price: $104.92 per share
3 metrics
Class B shares delivered or withheld
4,368 shares
November 2, 2026; payment of exercise price or tax liability
Class B shares delivered or withheld
10,267 shares
November 2, 2026; payment of exercise price or tax liability
Reported per-share price
$104.92 per share
Both Class B share transactions reported for November 2, 2026
Key Terms
Class B Common Stock, non-cumulative, potential remainder interest
3 terms
Class B Common Stock financial
"The Class B 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.
non-cumulative financial
"par value $.01 per share, non-cumulative"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
potential remainder interest financial
"has a potential remainder interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Can HOV Class B Common Stock convert into Class A Common Stock?
Yes. Class B Common Stock is immediately convertible into an equal number of Class A Common Stock shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
