[Form 4/A] New Horizon Aircraft Ltd. Warrant Amended Insider Trading Activity

Rhea-AI Filing Summary

Key points from New Horizon Aircraft Ltd. Form 4/A

On 06/23/2025, Stewart Murray Lee, the company’s Head of People & Strategy, acquired 164 Class A Ordinary Shares of New Horizon Aircraft Ltd. (ticker HOVR) at a weighted-average price of $2.25 (trade range $2.25–$2.31). After the transaction, Lee’s direct ownership rose to 258,194 shares.

This filing is an amendment to the Form 4 submitted on 06/27/2025. The amendment corrects the transaction code in Table I from “P” (open-market purchase) to “A” (other acquisition) and adds the “V” code, indicating a voluntarily reported transaction. No economic terms or share counts were otherwise changed, and no derivative securities were involved.

• Filing submitted individually by the reporting person.
• Ownership remains direct; no indirect holdings disclosed.
• No additional transactions, options, or warrants reported.

Insights

Corporate Governance Analyst

TL;DR Minor share acquisition (164 shares) corrected to code “A”; immaterial to valuation but improves reporting accuracy.

The amendment clarifies that the June 23 trade was an acquisition under code “A” rather than an open-market purchase (code “P”), with the “V” flag noting voluntary disclosure. The change is purely administrative; the economic impact is negligible given the 0.06% increase to the insider’s 258 k-share stake. Nonetheless, timely correction supports disclosure integrity and reduces potential compliance risk.

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).

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^*

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 & Strategy

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/27/2025

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	06/23/2025		A	V	164	A	$2.25(1)	258,194	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. These shares were purchased in multiple transactions at prices ranging from $2.250 to $2.310, inclusive. 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 purchased at each separate price within the range.

Remarks:

On June 27, 2025, the reporting person filed a Form 4 (the "Original Form 4") which inadvertently used transaction code P in Column 3 of Table I. As shown in this amendment, the transaction reported on this form should have been reported using transaction code A in Column 3 of Table I. Additionally, transaction code V has been added in Column 3 of Table I for the transaction. No other changes have been made to the Original Form 4.

	/s/ Stewart Murray Lee	07/10/2025
	** 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 did insider Stewart Murray Lee purchase in HOVR?

He acquired 164 Class A Ordinary Shares on 06/23/2025 at a weighted-average price of $2.25.

How many New Horizon Aircraft shares does the insider own after the transaction?

Following the trade, Lee directly owns 258,194 Class A Ordinary Shares.

Why was a Form 4/A filed for HOVR on 07/10/2025?

The amendment corrected the transaction code from “P” to “A” and added code “V”; no other data changed.

Were any derivative securities involved in this filing?

No. Table II shows no options, warrants, or other derivatives were reported.

Does the filing indicate indirect ownership for the insider?

No. All reported holdings are classified as direct ownership (code “D”).