STOCK TITAN

[Form 4] New Horizon Aircraft Ltd. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

New Horizon Aircraft (HOVR) insider activity: An officer reported acquiring 57,143 Class A ordinary shares on 09/26/2025 via a transaction coded “M,” reflecting settlement of performance share units. The filing notes each unit represented a right to one share and vested in full when the company reached a market capitalization of $100,000,000.

On 10/09/2025, the officer reported a disposition of 22,515 shares at $3.42 per share under transaction code “F.” Following these transactions, the officer directly owned 262,822 Class A ordinary shares. The derivative balance related to the reported performance share units was 0 after settlement.

New Horizon Aircraft (HOVR) insider activity: Un ufficiale ha riportato l’acquisizione di 57.143 azioni ordinarie di Classe A il 26/09/2025 tramite una transazione codificata “M”, riflettendo il regolamento delle unità di azioni di performance. La dichiarazione precisa che ogni unità rappresentava un diritto a una azione e si è maturata completamente quando la società ha raggiunto una capitalizzazione di mercato di 100.000.000 $.

Il 09/10/2025, l’ufficiale ha riportato una disposizione di 22.515 azioni a 3,42 $ per azione, con codice di transazione “F.” Dopo queste operazioni, l’ufficiale possedeva direttamente 262.822 azioni ordinarie di Classe A. Il saldo derivato relativo alle unità di performance riportate era 0 dopo il regolamento.

Actividad de insider de New Horizon Aircraft (HOVR): Un funcionario reportó la adquisición de 57,143 acciones ordinarias de Clase A el 26/09/2025 mediante una transacción codificada como “M”, que refleja la liquidación de unidades de acciones de rendimiento. El archivo señala que cada unidad representaba el derecho a una acción y venció por completo cuando la empresa alcanzó una capitalización de mercado de 100,000,000 $.

El 09/10/2025, el funcionario reportó una disposición de 22,515 acciones a 3,42 $ por acción bajo el código de transacción “F.” Tras estas transacciones, el funcionario poseía directamente 262,822 acciones ordinarias de Clase A. El saldo derivado relacionado con las unidades de rendimiento reportadas fue 0 tras la liquidación.

New Horizon Aircraft (HOVR) 내부자 활동: 한 임원이 2025년 9월 26일 거래 코드 “M”으로 57,143주의 Class A 보통주를 취득했다고 보고했습니다. 이는 성과주 단위의 정산을 반영합니다. 신고서에 따르면 각 단위는 한 주에 대한 권리를 나타내며 회사가 시가총액 100,000,000달러에 도달했을 때 완전히 확정되었습니다.

2025년 10월 9일, 임원은 거래 코드 “F”에 따라 주당 3.42달러로 22,515주를 처분했다고 보고했습니다. 이러한 거래 이후 임원은 직접적으로 262,822주의 Class A 보통주를 보유하게 되었습니다. 보고된 성과주 단위와 관련된 파생 잔액은 결산 후 0이었습니다.

Activité d’initié de New Horizon Aircraft (HOVR) : Un fonctionnaire a déclaré l’acquisition de 57 143 actions ordinaires de Classe A le 26/09/2025 via une transaction codée « M », reflétant le règlement des unités d’actions de performance. Le dossier indique que chaque unité représentait un droit sur une action et s’est entièrement acquise lorsque l’entreprise a atteint une capitalisation boursière de 100 000 000 $.

Le 09/10/2025, le fonctionnaire a déclaré une cession de 22 515 actions à 3,42 $ par action sous le code de transaction « F ». À la suite de ces transactions, le fonctionnaire détenait directement 262 822 actions ordinaires de Classe A. Le solde dérivé lié aux unités d’actions de performance déclarées était de 0 après le règlement.

Insider-Tätigkeit von New Horizon Aircraft (HOVR): Ein Beamter meldete den Erwerb von 57.143 Class-A-Stammaktien am 26.09.2025 über eine Transaktion mit dem Code „M“, die den Ausgleich von Performance-Share-Units widerspiegelt. Die Einreichung vermerkt, dass jede Einheit ein Recht auf eine Aktie repräsentierte und vollständig verfallen war, wenn das Unternehmen eine Marktkapitalisierung von 100.000.000 $ erreichte.

Am 09.10.2025 meldete der Beamte eine Veräußerung von 22.515 Aktien zu 3,42 $ pro Aktie unter dem Transaktionscode „F“. Nach diesen Transaktionen besaß der Beamte direkt 262.822 Class-A-Stammaktien. Der derivative Saldo im Zusammenhang mit den berichteten Performance-Share-Units betrug nach dem Ausgleich 0.

نشاط داخلي لـ New Horizon Aircraft (HOVR): أبلغ موظف عن شراء 57,143 سهماً عاديًا من الفئة A في 26/09/2025 عبر معاملة مُشفّرة بالرمز “M”، تعكس تسوية وحدات الأسهم المرتبطة بالأداء. وتشير الإيداع إلى أن كل وحدة تمثل حقاً في سهماً واحداً وأنها استحقت بالكامل عندما بلغت الشركة رأس مال سوقي قدره 100,000,000 دولار.

في 09/10/2025، أفاد الموظف بتصفية 22,515 سهماً بسعر 3.42 دولار للسهم بموجب رمز المعاملة “F”. وبعد هذه المعاملات، أصبح الموظف يمتلك بشكل مباشر 262,822 سهماً عاديًا من الفئة A. الرصيد المشتق المرتبط بالخدمات المرتبطة بوحدات الأداء كان 0 بعد التسوية.

New Horizon Aircraft (HOVR) 内部人事活动: 一名官员在 2025-09-26 通过交易代码“G”报告取得 57,143 股 A 类普通股,反映了绩效股单位的结算。申报中指出,每单位代表一股的权益,当公司实现 1 亿美元的市值时,即完全归属。

在 2025-10-09,该官员报告以交易代码“F”处置 22,515 股,价格为每股 3.42 美元。完成这些交易后,该官员直接持有 262,822 股 A 类普通股。报告的绩效股单位相关衍生余额在结算后为 0。

Positive
  • None.
Negative
  • None.

New Horizon Aircraft (HOVR) insider activity: Un ufficiale ha riportato l’acquisizione di 57.143 azioni ordinarie di Classe A il 26/09/2025 tramite una transazione codificata “M”, riflettendo il regolamento delle unità di azioni di performance. La dichiarazione precisa che ogni unità rappresentava un diritto a una azione e si è maturata completamente quando la società ha raggiunto una capitalizzazione di mercato di 100.000.000 $.

Il 09/10/2025, l’ufficiale ha riportato una disposizione di 22.515 azioni a 3,42 $ per azione, con codice di transazione “F.” Dopo queste operazioni, l’ufficiale possedeva direttamente 262.822 azioni ordinarie di Classe A. Il saldo derivato relativo alle unità di performance riportate era 0 dopo il regolamento.

Actividad de insider de New Horizon Aircraft (HOVR): Un funcionario reportó la adquisición de 57,143 acciones ordinarias de Clase A el 26/09/2025 mediante una transacción codificada como “M”, que refleja la liquidación de unidades de acciones de rendimiento. El archivo señala que cada unidad representaba el derecho a una acción y venció por completo cuando la empresa alcanzó una capitalización de mercado de 100,000,000 $.

El 09/10/2025, el funcionario reportó una disposición de 22,515 acciones a 3,42 $ por acción bajo el código de transacción “F.” Tras estas transacciones, el funcionario poseía directamente 262,822 acciones ordinarias de Clase A. El saldo derivado relacionado con las unidades de rendimiento reportadas fue 0 tras la liquidación.

New Horizon Aircraft (HOVR) 내부자 활동: 한 임원이 2025년 9월 26일 거래 코드 “M”으로 57,143주의 Class A 보통주를 취득했다고 보고했습니다. 이는 성과주 단위의 정산을 반영합니다. 신고서에 따르면 각 단위는 한 주에 대한 권리를 나타내며 회사가 시가총액 100,000,000달러에 도달했을 때 완전히 확정되었습니다.

2025년 10월 9일, 임원은 거래 코드 “F”에 따라 주당 3.42달러로 22,515주를 처분했다고 보고했습니다. 이러한 거래 이후 임원은 직접적으로 262,822주의 Class A 보통주를 보유하게 되었습니다. 보고된 성과주 단위와 관련된 파생 잔액은 결산 후 0이었습니다.

Activité d’initié de New Horizon Aircraft (HOVR) : Un fonctionnaire a déclaré l’acquisition de 57 143 actions ordinaires de Classe A le 26/09/2025 via une transaction codée « M », reflétant le règlement des unités d’actions de performance. Le dossier indique que chaque unité représentait un droit sur une action et s’est entièrement acquise lorsque l’entreprise a atteint une capitalisation boursière de 100 000 000 $.

Le 09/10/2025, le fonctionnaire a déclaré une cession de 22 515 actions à 3,42 $ par action sous le code de transaction « F ». À la suite de ces transactions, le fonctionnaire détenait directement 262 822 actions ordinaires de Classe A. Le solde dérivé lié aux unités d’actions de performance déclarées était de 0 après le règlement.

Insider-Tätigkeit von New Horizon Aircraft (HOVR): Ein Beamter meldete den Erwerb von 57.143 Class-A-Stammaktien am 26.09.2025 über eine Transaktion mit dem Code „M“, die den Ausgleich von Performance-Share-Units widerspiegelt. Die Einreichung vermerkt, dass jede Einheit ein Recht auf eine Aktie repräsentierte und vollständig verfallen war, wenn das Unternehmen eine Marktkapitalisierung von 100.000.000 $ erreichte.

Am 09.10.2025 meldete der Beamte eine Veräußerung von 22.515 Aktien zu 3,42 $ pro Aktie unter dem Transaktionscode „F“. Nach diesen Transaktionen besaß der Beamte direkt 262.822 Class-A-Stammaktien. Der derivative Saldo im Zusammenhang mit den berichteten Performance-Share-Units betrug nach dem Ausgleich 0.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Lee Stewart Murray

(Last) (First) (Middle)
C/O NEW HORIZON AIRCRAFT LTD.
3187 HIGHWAY 35

(Street)
LINDSAY A6 K9V 4R1

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
New Horizon Aircraft Ltd. [ HOVR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Head of People and Strategy
3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Shares, without par value 09/26/2025 M 57,143 A (1) 285,337 D
Class A Ordinary Shares, without par value 10/09/2025 F 22,515 D $3.42 262,822 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Share Units (1) 09/26/2025 M 57,143 (1) 12/15/2028 Class A Ordinary Shares, without par value 57,143 $0 0 D
Explanation of Responses:
1. Each performance share unit represents a contingent right to receive one Class A ordinary share, without par value, of New Horizon Aircraft Ltd. (the "Company"). The performance share units vested in full on the date the Company achieved a market capitalization of $100,000,000.
/s/ Stewart Murray Lee 10/14/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did HOVR report?

An officer acquired 57,143 Class A shares on 09/26/2025 via code M, and disposed of 22,515 shares on 10/09/2025 via code F.

How many HOVR shares does the officer own after the transactions?

The officer directly owned 262,822 Class A shares after the reported transactions.

What triggered the vesting of the performance share units at HOVR?

The units vested in full when the company achieved a $100,000,000 market capitalization.

What was the sale price for the disposed HOVR shares?

The 22,515 shares were disposed at $3.42 per share on 10/09/2025.

What do the Form 4 transaction codes mean here?

Code M indicates settlement of a derivative into shares; code F indicates a disposition related to payment obligations under SEC rules.

Were any derivative securities left after settlement?

The filing shows 0 derivative securities remaining related to the reported performance share units after settlement.

Who is the reporting person at HOVR?

The filing was signed by Stewart Murray Lee, identified as Head of People and Strategy.
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