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New Horizon CEO Shows Confidence with Fresh Stock Purchase Amid Aviation Push

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Eric Brandon Robinson, Chief Executive Officer and Director of New Horizon Aircraft, reported significant insider trading activity on June 23, 2025. Robinson directly purchased 1,111 Class A Ordinary Shares at a weighted average price of $2.25 per share, with actual transaction prices ranging from $2.250 to $2.310.

Following the transaction, Robinson's direct ownership stands at 47,037 shares. Additionally, he holds indirect beneficial ownership of 2,317,510 shares through Robinson Family Ventures Inc., though he disclaims beneficial ownership except for his pecuniary interest.

This purchase demonstrates insider confidence in the company's prospects, with the CEO increasing his direct stake. The total value of the direct purchase transaction was approximately $2,500.

Positive

  • CEO Eric Brandon Robinson purchased 1,111 shares at $2.25-$2.31 per share in an open market transaction, demonstrating insider confidence

Negative

  • None.
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)
06/23/2025
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 06/23/2025 P 1,111 A $2.25(1) 47,037 D
Class A Ordinary Shares without par value 2,317,510 I Held by Robinson Family Ventures Inc.(2)
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.
2. 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 06/27/2025
** 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 HOVRW shares did CEO Eric Brandon Robinson purchase on June 23, 2025?

CEO Eric Brandon Robinson purchased 1,111 Class A Ordinary Shares at a weighted average price of $2.25 per share on June 23, 2025.

What is Eric Brandon Robinson's total direct ownership of HOVRW shares after the June 2025 transaction?

Following the reported transaction, Eric Brandon Robinson directly owns 47,037 Class A Ordinary Shares of HOVRW.

How many HOVRW shares does Eric Brandon Robinson indirectly own through Robinson Family Ventures Inc.?

Eric Brandon Robinson indirectly owns 2,317,510 Class A Ordinary Shares through Robinson Family Ventures Inc., though he disclaims beneficial ownership except for his pecuniary interest.

What was the price range of HOVRW shares purchased by the CEO in the June 23, 2025 transaction?

The shares were purchased in multiple transactions at prices ranging from $2.250 to $2.310 per share, with a weighted average price of $2.25.

What positions does Eric Brandon Robinson hold at HOVRW according to the Form 4?

Eric Brandon Robinson serves as both Director and Chief Executive Officer (CEO) of New Horizon Aircraft Ltd. (HOVRW).
New Horizon Aircraft

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31.23M
Aerospace & Defense
Aircraft
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Canada
LINDSAY