New Horizon COO Sells 62,000 Shares to Cover Taxes at $1.72–$1.79

Rhea-AI Filing Summary

Jason Michael O'Neill, who is listed as Chief Operating Officer and a director of New Horizon Aircraft Ltd., reported two open-market sales of Class A ordinary shares. He sold 40,000 shares on 07/24/2025 at $1.72 and 22,000 shares on 08/07/2025 at $1.79. The filing shows beneficial ownership following the reported transactions of 343,598 shares after the first sale and 321,598 shares after the second sale.

The explanation provided states the proceeds were intended to satisfy tax liabilities arising from the vesting of share awards. The Form 4 is signed by Mr. O'Neill on 08/08/2025. No other transactions, derivative holdings, or additional contextual disclosures appear in the filing.

Insights

Corporate Governance Expert

TL;DR: Routine tax-related insider share sales by an officer/director; disclosure is standard and not evidently material.

The filing documents two specified sales totaling 62,000 Class A ordinary shares by the COO/director on 07/24/2025 and 08/07/2025 at prices of $1.72 and $1.79. The explanation explicitly states proceeds satisfy tax liabilities from vesting awards, which is a common, nondisqualifying reason for sales and typically viewed as routine. The reported beneficial ownership counts (343,598 and 321,598) are provided, and no derivative positions are reported. From a governance perspective, the disclosure appears complete for these transactions.

Securities Analyst

TL;DR: Insider sales disclosed but no indication of material change to ownership or control; impact on investors appears limited.

The two sales sum to 62,000 shares executed at prices between $1.72 and $1.79. The filer attributes the transactions to tax obligations tied to vested awards, and the Form 4 lists post-transaction ownership levels. The filing contains no additional material events, derivative activity, or amendments. Given the information presented, these transactions do not, by themselves, present a material change to the company’s capital structure or control profile.

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^*

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)
07/24/2025

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	07/24/2025		S(1)		40,000	D	$1.72	343,598	D
Class A Ordinary Shares without par value	08/07/2025		S(1)		22,000	D	$1.79	321,598	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 proceeds from the reported transaction are intended to satisfy tax liabilities arising from the vesting of share awards.

	/s/ Jason Michael O'Neill	08/08/2025
	** 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.
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FAQ

What transactions does the Form 4 for HOVRW report?

The Form 4 reports two sales: 40,000 Class A shares sold on 07/24/2025 at $1.72 and 22,000 shares sold on 08/07/2025 at $1.79.

Who filed the Form 4 for New Horizon Aircraft Ltd. (HOVRW)?

The reporting person is Jason Michael O'Neill, identified as Chief Operating Officer and a director of New Horizon Aircraft Ltd.

Why were the shares sold according to the filing?

The filing states the proceeds were intended to satisfy tax liabilities arising from the vesting of share awards.

What were the reported beneficial ownership levels after the sales?

The Form 4 shows beneficial ownership of 343,598 shares following the 07/24/2025 sale and 321,598 shares following the 08/07/2025 sale.

When was the Form 4 signed and filed?

The Form 4 is signed by Jason Michael O'Neill on 08/08/2025.