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

Rhea-AI Filing Summary

New Horizon Aircraft Ltd. (HOVR) – Form 4 insider transaction

CEO & director Eric Brandon Robinson reported the indirect sale of 250,000 Class A ordinary shares on 2 Jul 2025 at a weighted-average price of US$1.754 (price range US$1.750–1.781). The shares were held by Robinson Family Ventures Inc., and Robinson states he had “no economic interest” in the shares, formally disclaiming beneficial ownership beyond any pecuniary interest.

After the transaction, Robinson continues to beneficially own 2,067,510 shares indirectly through the family vehicle. No derivative securities were exercised or reported. The filing does not disclose any operational or financial performance data, focusing solely on the change in insider holdings.

For investors, the disposition represents a modest reduction relative to Robinson’s remaining stake, and the disclaimer suggests limited direct signal regarding the CEO’s outlook. Nevertheless, insider sales can increase near-term share supply and warrant monitoring.

Positive

• CEO retains 2,067,510 shares after the transaction, underscoring continued economic alignment with shareholders.
• Comprehensive footnote disclosures clarify the nature of the sale and limit ambiguity, supporting governance transparency.

Negative

• 250,000 shares were sold by an entity associated with the CEO, modestly increasing market float and potentially signaling reduced insider conviction.

Insights

Securities Analyst

TL;DR: 250k-share insider sale via family entity; CEO still holds 2.07 M shares—signal neutral to slightly negative.

The Form 4 shows Robinson Family Ventures sold 250,000 HOVR shares at US$1.754 average. Although Eric Robinson signs the filing, footnotes clarify he had no economic interest and disclaims ownership, limiting the sale’s predictive value. Post-sale holdings of 2,067,510 shares indicate sustained exposure. With no accompanying business update, the transaction appears routine portfolio management rather than a fundamental red flag. Liquidity impact is minor given the remaining stake and low absolute dollar value. Overall market impact should be limited unless followed by additional disposals.

Corporate Governance Specialist

TL;DR: Sale executed by related entity; robust disclosure and disclaimers reduce governance concern.

The filing includes detailed footnotes explaining that the shares were solely Brian Robinson’s property, and the CEO disclaims beneficial ownership. Such transparency aligns with best-practice governance, mitigating typical worries linked to insider sales. The CEO’s continued large indirect holding supports alignment with shareholders. From a governance lens, the event is not materially impactful; however, investors should watch for pattern repetitions that could signal shifting control or cash-out trends.

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 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)
07/02/2025

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	07/02/2025		S(1)		250,000	D	$1.754(2)	2,067,510	I	Held by Robinson Family Ventures Inc.(3)
Class A Ordinary Shares without par value								106,342	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 reporting person had no economic interest in the shares sold in the transaction reported by this form and such shares were the sole property of Brian Robinson, a director of Robinson Family Ventures Inc., at the time of sale.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.750 to $1.781, 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 sold at each separate price within the range.

3. 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.

	/s/ Eric Brandon Robinson	07/07/2025
	** 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 were sold in the Form 4?

The filing reports the sale of 250,000 Class A ordinary shares on 2 Jul 2025.

At what price were the HOVR shares sold?

The weighted-average price was US$1.754, with individual trades ranging from US$1.750 to US$1.781.

What is Eric Brandon Robinson’s remaining stake after the sale?

He beneficially owns 2,067,510 shares indirectly through Robinson Family Ventures Inc.

Was the sale made directly by the CEO?

No. The shares were held by Robinson Family Ventures Inc. and the CEO disclaims any economic interest beyond pecuniary rights.

Does this Form 4 include any derivative transactions?

No derivative securities were reported; the filing only covers non-derivative share sales.

Why is a Form 4 filing important for HOVR investors?

Form 4 reveals real-time insider trading activity, helping investors gauge insider sentiment and potential supply changes in the market.