HOVR Form 4: Eric Robinson Disposes 180,000 Class A Shares

Rhea-AI Filing Summary

Eric Brandon Robinson, the Chief Executive Officer and a director of New Horizon Aircraft Ltd. (HOVR), reported multiple sales of Class A ordinary shares on 09/23/2025 and 09/24/2025. He sold 90,000 shares on 09/23 at a weighted average price of $2.227 (individual trades ranged $2.110–$2.290) and 90,000 shares on 09/24 at a weighted average price of $2.242 (trades ranged $2.175–$2.335), for a total of 180,000 shares sold. After these transactions, indirect beneficial ownership reported for shares held by Robinson Family Ventures Inc. was 1,612,510 shares. The filing disclaims beneficial ownership except for pecuniary interest and notes that the 09/24 shares sold were the sole property of Brian Robinson at sale. The report also shows 4,409 shares acquired under the company ESPP since the last Form 4 filed 08/08/2025.

Positive

• Acquired 4,409 shares under the company's ESPP since the prior Form 4 filing
• Disclosed weighted-average prices and trade ranges, increasing transparency about the insider sales

Negative

• Sold a total of 180,000 Class A shares (90,000 on 09/23/2025 and 90,000 on 09/24/2025)
• Indirect holdings decreased to 1,612,510 shares following the reported transactions

Insights

Corporate Governance Analyst

TL;DR: CEO sold 180,000 Class A shares across two days; ownership remains indirect at 1,612,510.

The Form 4 shows the CEO, who is also a director, executed open-market sales of 90,000 shares on 09/23/2025 and 90,000 shares on 09/24/2025, with disclosed price ranges and weighted averages.

This filing also includes a standard beneficial-ownership disclaimer and notes certain shares sold on 09/24 were owned by Brian Robinson, not the reporting person, which clarifies economic interest and control for governance assessments.

Market Impact Specialist

TL;DR: Aggregate insider sales of 180,000 shares at ~$2.23 may affect float and short-term supply, but the filer retains substantial indirect holdings.

The sales occurred at weighted averages of $2.227 and $2.242, with trade ranges disclosed, providing transparency on execution prices.

Reported continuing indirect ownership of 1,612,510 shares suggests the seller maintains significant exposure; the ESPP addition of 4,409 shares since 08/08/2025 is noted but small relative to total holdings.

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
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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^*

Robinson Eric Brandon

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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	09/23/2025		S		90,000	D	$2.227(1)(2)	1,702,510	I	Held by Robinson Family Ventures Inc.(4)
Class A Ordinary Shares without par value	09/24/2025		S(5)		90,000	D	$2.242(1)(3)	1,612,510	I	Held by Robinson Family Ventures Inc.(4)
Class A Ordinary Shares without par value								210,754(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $2.110 to $2.290, inclusive.

3. These shares were sold in multiple transactions at prices ranging from $2.175 to $2.335, inclusive.

4. 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.

5. 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.

6. Includes shares acquired under the Company's employee share purchase plan (the "ESPP"). Mr. Robinson has acquired 4,409 additional shares under the ESPP since his last Form 4 filing reporting holdings of Class A ordinary shares on August 8, 2025.

	/s/ Eric Brandon Robinson	10/03/2025
	** 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).
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FAQ

What insider transactions did HOVR CEO Eric Robinson report?

The Form 4 reports sales of 90,000 Class A shares on 09/23/2025 at a weighted average of $2.227 and 90,000 shares on 09/24/2025 at a weighted average of $2.242.

How many HOVR shares does Robinson still indirectly own after the transactions?

The filing reports indirect beneficial ownership of 1,612,510 Class A shares held by Robinson Family Ventures Inc.

Were all the sold shares owned by the reporting person?

No. The filing states the shares sold on 09/24/2025 were the sole property of Brian Robinson at the time of sale and the reporting person disclaims beneficial ownership except for pecuniary interest.

Did the filing disclose price ranges for the sales?

Yes. The 09/23 trades ranged from $2.110 to $2.290; the 09/24 trades ranged from $2.175 to $2.335.

Has Eric Robinson recently acquired any shares through company plans?

Yes. The filing notes 4,409 shares were acquired under the company's ESPP since the prior Form 4 filed on 08/08/2025.

When was this Form 4 signed?

The Form 4 bears the signature dated 10/03/2025.