Hovnanian director sells 1,032.075 shares at $142.57
Hovnanian Enterprises director J. Larry Sorsby sold 1,032.075 shares of Class A Common Stock in an open-market transaction at a weighted average price of $142.57 per share.
Rhea-AI Filing Summary
Hovnanian Enterprises director J. Larry Sorsby sold 1,032.075 shares of Class A Common Stock in an open-market transaction at a weighted average price of $142.57 per share. After this sale, he directly owned 187,415.925 Class A shares. The filing also reports indirect ownership of 3,846 Class A shares held by his spouse and 3,784 Class A shares held by a SLAT, all as of the same date. The price reflects a weighted average across trades between $142.2450 and $142.5700.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,032.075 shares
Net Sell
3 txns
Insider
SORSBY J LARRY
Role
Director
Sold
1,032.075 shs ($147K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,032.075 | $142.57 | $147K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 187,415.925 shares (Direct);
Class A Common Stock — 3,784 shares (Indirect, By SLAT);
Class A Common Stock — 3,846 shares (Indirect, Held by Spouse)
Footnotes (1)
- F1. Represents the weighted average sales price for price increments ranging from $142.2450 to $142.5700. 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.
Key Figures
Shares sold: 1,032.075 shares
Weighted average sale price: $142.57 per share
Direct holdings after transaction: 187,415.925 shares
+2 more
5 metrics
Shares sold
1,032.075 shares
Open-market sale of Class A Common Stock on 2026-06-25
Weighted average sale price
$142.57 per share
Class A Common Stock sale price range $142.2450–$142.5700
Direct holdings after transaction
187,415.925 shares
Class A Common Stock directly owned following sale
Indirect holdings via spouse
3,846 shares
Class A Common Stock held by spouse as indirect ownership
Indirect holdings via SLAT
3,784 shares
Class A Common Stock held by SLAT as indirect ownership
Key Terms
Class A Common Stock, open-market sale, weighted average sales price, Held by Spouse, +1 more
5 terms
Class A Common Stock financial
"sold 1,032.075 shares of Class A Common Stock in an open-market transaction"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: "open-market sale" for the 1,032.075-share transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sales price financial
"Represents the weighted average sales price for price increments ranging"
Held by Spouse financial
"nature_of_ownership: "Held by Spouse" for 3,846 indirect shares"
SLAT financial
"nature_of_ownership: "By SLAT" for 3,784 indirect shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HOV (Hovnanian Enterprises) report for J. Larry Sorsby?
Hovnanian Enterprises reported that director J. Larry Sorsby sold 1,032.075 shares of Class A Common Stock in an open-market transaction. The weighted average sale price was $142.57 per share, based on multiple trades within a narrow price range.
At what price did J. Larry Sorsby sell HOV Class A Common Stock?
The filing shows a weighted average sale price of $142.57 per HOV Class A share. Trades occurred in increments between $142.2450 and $142.5700, with full price-by-price details available on request from the company, the SEC staff, or a security holder.
Does the HOV Form 4 explain how the weighted average sale price was calculated?
Yes. The footnote states the $142.57 figure is a weighted average sales price for trades between $142.2450 and $142.5700. It also notes that full detail on each trade’s exact price and share count will be provided upon request to appropriate parties.
AI-generated analysis. How Rhea-AI works. Not financial advice.
