Hovnanian Enterprises (HOV) reported insider activity by Chairman, President & CEO Ara K. Hovnanian, who is also a director and 10% owner. On 10/31/2025, a Form 4 discloses a transaction coded F involving derivative securities tied to the company’s dual-class structure, where Class B Common Stock is immediately convertible into an equal number of Class A shares.
The filing lists 13,100 shares of Class A Common Stock at $120.23 in connection with the transaction, and shows 278,814 derivative securities beneficially owned directly following the reported activity. The report also details multiple indirect holdings where the reporting person serves as trustee, including 157,434.56 shares held for the reporting person’s family and 50,507.51 shares held by the Ara K. Hovnanian Family 1994 long-term trusts. Footnotes note immediate convertibility, no expiration date, and a disclaimer of beneficial ownership for certain trusts.
Hovnanian Enterprises (HOV) reported an insider Form 4 filing by an Executive Vice President reflecting a bona fide gift of 50 shares of Class A Common Stock on 10/15/2025 (transaction code G).
Following the transaction, the reporting person beneficially owned 508 shares direct. In addition, 14,272 shares are listed as indirect holdings “Held by Hovnanian Family 2021 trusts.” The filing notes a disclaimer of beneficial ownership except to the extent of potential pecuniary interest.