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

Rhea-AI Filing Summary

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

Director John Michael Maris reported the acquisition of 8,440 Class A ordinary shares on 30 June 2025 at a stated price of $0.00 per share. His direct ownership increases to 56,654 shares. No derivative transactions were disclosed.

The zero-cost acquisition implies the shares were likely granted under a compensation or incentive arrangement, although the filing does not specify the source. The purchase modestly deepens the director’s equity stake and may strengthen management-shareholder alignment. There are no indications of share sales, option exercises, or new derivative positions.

Positive

• Director increased direct ownership by 8,440 shares, indicating continued alignment with shareholders
• No shares were sold, eliminating immediate concerns about insider profit-taking

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, zero-cost insider share grant; limited market impact.

The filing shows a director increasing his direct stake by 8,440 shares at no cash outlay, bringing holdings to 56,654. The absence of a purchase price suggests a stock grant or vesting event, which is common for board compensation. While insider accumulation is generally viewed positively, the size appears immaterial relative to typical trading volumes and likely will not influence valuation. No derivative activity or sales temper the sentiment, but investors should regard the event as routine rather than a strategic signal.

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^*

Maris John 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		A		8,440	A	$0	56,654	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:

	/s/ John Michael Maris	07/02/2025
	** 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 director John Michael Maris acquire in the July 2025 Form 4 for HOVR?

He acquired 8,440 Class A ordinary shares of New Horizon Aircraft Ltd.

How many shares does John Michael Maris now hold in New Horizon Aircraft (HOVR)?

Post-transaction, he directly owns 56,654 shares.

What was the purchase price per share reported in the Form 4?

The filing lists a price of $0.00 per share, indicating a grant or similar issuance.

Were any derivative securities such as options or warrants involved?

No derivative securities were reported in Table II of the filing.

Does the Form 4 note a Rule 10b5-1 trading plan for this transaction?

The form does not indicate that the acquisition was made under a Rule 10b5-1 plan.