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

Rhea-AI Filing Summary

New Horizon Aircraft Ltd. (HOVR) COO & Director Jason Michael O'Neill filed an amended Form 4 on 07/10/2025. The filing corrects the original 06/27/2025 submission, changing the transaction code from “P” (open-market purchase) to “A” (grant/award/other acquisition) and adding the voluntary code “V.”

On 06/23/2025 O’Neill acquired 656 Class A Ordinary Shares at a weighted average price of $2.25 (individual trades ranged $2.25-$2.31). After the transaction he directly owns 266,624 shares.

The amendment is administrative; no economic terms have changed. The purchase is immaterial to the company’s float but modestly signals ongoing insider alignment.

Positive

• Insider alignment: COO now holds 266,624 shares, indicating continued equity stake.
• Compliance transparency: Prompt amendment demonstrates attention to accurate SEC reporting.

Negative

• Immaterial size: Only 656 shares acquired, too small to signal strong insider conviction.
• Prior filing error: Original misclassification (code “P”) may raise minor questions about reporting controls.

Insights

Financial Analyst

TL;DR: Routine Form 4/A corrects coding; small insider buy (656 sh) has negligible valuation impact.

The change from code “P” to “A” clarifies that the shares were an award or similar acquisition, not an open-market purchase. While insider ownership rises slightly to 266.6k shares, the incremental cost (<$1.6k) is <0.1% of typical daily volume, thus unlikely to influence price. Overall investor signal is neutral to mildly positive given continued insider equity participation.

Corporate Governance Specialist

TL;DR: Amendment rectifies prior filing error; governance transparency maintained.

Correcting the transaction code preserves Section 16 reporting integrity and reduces potential regulatory scrutiny. Addition of code “V” shows proactive disclosure. The minor share amount limits governance concerns over control changes. Impact on shareholders is neutral; the prompt correction supports confidence in compliance processes.

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^*

O'Neill Jason Michael

(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 Operating Officer

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	656	A	$2.25(1)	266,624	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/ Jason Michael O'Neill	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

How many New Horizon Aircraft (HOVR) shares did the COO acquire?

Jason Michael O'Neill acquired 656 Class A Ordinary Shares.

What was the purchase price disclosed in the Form 4/A?

Weighted average price was $2.25, with trades between $2.25 and $2.31.

Why was this filing amended?

The amendment corrects the transaction code from “P” to “A” and adds code “V.”

What is the executive’s total shareholding after the transaction?

O'Neill directly owns 266,624 shares of New Horizon Aircraft.

Does the amendment change any economic terms of the transaction?

No. Only the coding was corrected; share count and prices remain the same.