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.
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.
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.