New Horizon Aircraft CEO reports sales; 1.37M shares indirect remain

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

New Horizon Aircraft (HOVR) CEO and director Eric Brandon Robinson reported insider transactions on a Form 4. He sold 140,000 Class A Ordinary Shares on 10/14/2025 at a weighted average price of $3.838, with trades ranging from $3.680 to $4.000. He also reported a sale of 100,000 shares on 10/15/2025 at a weighted average price of $3.42, with trades ranging from $3.600 to $3.980.

Following these transactions, 1,372,510 shares were indirectly held through Robinson Family Ventures Inc., and 468,118 shares were held directly, which includes 639 acquired under the employee share purchase plan. For the 10/15 transaction, he noted no economic interest in the shares sold, which were the sole property of Brian Robinson at the time of sale.

Insider Trade Summary

Net Seller: 240,000 shares ($879,320)

Net Sell 3 txns

Insider Robinson Eric Brandon

Role Chief Executive Officer

Sold 240,000 shs ($879K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares, without par value	100,000	$3.42	$342K
Sale	Class A Ordinary Shares, without par value	140,000	$3.838	$537K
holding	Class A Ordinary Shares, without par value	--	--	--

Holdings After Transaction: Class A Ordinary Shares, without par value — 1,372,510 shares (Indirect, Held by Robinson Family Ventures Inc.); Class A Ordinary Shares, without par value — 468,118 shares (Direct)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to New Horizon Aircraft Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. These shares were sold in multiple transactions at prices ranging from $3.680 to $4.000, inclusive. These shares were sold in multiple transactions at prices ranging from $3.600 to $3.980, inclusive. The reporting person had no economic interest in the shares sold in this transaction and such shares were the sole property of Brian Robinson, a director of Robinson Family Ventures Inc., at the time of sale. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Includes 639 shares acquired under the Company's employee share purchase plan.

Form 4 Insider Transactions: What Each Field Means →

10/16/2025 - 12:00 AM

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Robinson Eric Brandon

(Last)

(First)

(Middle)

C/O NEW HORIZON AIRCRAFT, LTD.

3187 HIGHWAY 35

(Street)

LINDSAY

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares, without par value	10/14/2025		S		140,000	D	$3.838⁽¹⁾⁽²⁾	1,472,510	I	Held by Robinson Family Ventures Inc.⁽⁵⁾
Class A Ordinary Shares, without par value	10/15/2025		S⁽⁴⁾		100,000	D	$3.42⁽¹⁾⁽³⁾	1,372,510	I	Held by Robinson Family Ventures Inc.⁽⁵⁾
Class A Ordinary Shares, without par value								468,118⁽⁶⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to New Horizon Aircraft Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

2. These shares were sold in multiple transactions at prices ranging from $3.680 to $4.000, inclusive.

3. These shares were sold in multiple transactions at prices ranging from $3.600 to $3.980, inclusive.

4. The reporting person had no economic interest in the shares sold in this transaction and such shares were the sole property of Brian Robinson, a director of Robinson Family Ventures Inc., at the time of sale.

5. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

6. Includes 639 shares acquired under the Company's employee share purchase plan.

	/s/ Eric Brandon Robinson	10/16/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did HOVR's CEO report?

Eric Brandon Robinson reported selling 140,000 shares on 10/14/2025 at a $3.838 weighted average and 100,000 shares on 10/15/2025 at a $3.42 weighted average.

How many HOVR shares does the CEO hold after the transactions?

1,372,510 shares are held indirectly via Robinson Family Ventures Inc., and 468,118 shares are held directly, including 639 acquired under the employee share purchase plan.

What price ranges were the HOVR shares sold at?

On 10/14/2025, sales ranged from $3.680 to $4.000; on 10/15/2025, sales ranged from $3.600 to $3.980.

Did the CEO have an economic interest in all reported sales?

For the 10/15/2025 sale, he reported no economic interest; those shares were the sole property of Brian Robinson at the time of sale.

What is the CEO's relationship to HOVR?

He is both a director and the Chief Executive Officer of New Horizon Aircraft Ltd.