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HOVNANIAN ENTERPRISES INC·4

May 29, 4:58 PM ET

HOVNANIAN ARA K 4

4 · HOVNANIAN ENTERPRISES INC · Filed May 29, 2026

Research Summary

AI-generated summary of this filing

Updated

Hovnanian (HOV) 10% Owner Ara K. Hovnanian Exercises Options

What Happened
Ara K. Hovnanian, a reported 10% owner and trustee of multiple family trusts, exercised/converted derivatives on May 27, 2026. The filing shows an acquisition of 5,000 shares via exercise at $56.75/share (aggregate $283,750). To satisfy exercise price/tax withholding, 3,494 shares were surrendered/disposed at $112.75/share (aggregate value $393,949). A related conversion of 5,000 shares (Class B to Class A) is also reported at $0. Net effect of the reported transactions is an increase of 1,506 shares (5,000 acquired − 3,494 surrendered).

Key Details

  • Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely filing).
  • Reported transactions:
    • M (exercise/conversion): +5,000 shares @ $56.75 (derivative exercise) — $283,750.
    • F (payment of exercise price/tax): −3,494 shares @ $112.75 — $393,949 (shares surrendered to cover taxes/exercise).
    • M (exercise/conversion): −5,000 shares @ $0 (conversion of Class B to Class A per footnote F1).
  • Shares owned after the transaction: not provided in the data supplied.
  • Notable footnotes: F1 notes Class B common stock is immediately convertible to Class A; multiple footnotes (F4–F15) indicate shares are held in family trusts for which Ara K. Hovnanian is trustee; F5 disclaims beneficial ownership except to extent of pecuniary interest.
  • Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price/tax withholding (surrender of shares).

Context
This was an option/derivative exercise with partial share surrender to cover tax/exercise obligations — a common "cashless" element of exercises where some newly acquired shares are withheld/surrendered rather than paying cash. As a 10% owner and trustee for family trusts (not an employee trading as a routine open-market buy/sell), filings like this reflect trust/owner actions; they are factual disclosures and do not by themselves indicate a change in company outlook.

Insider Transaction Report

Form 4
Period: 2026-05-27
HOVNANIAN ENTERPRISES INCHOV
HOVNANIAN ARA K
DirectorChairman of the Board & CEO10% Owner
Transactions
  • Exercise/Conversion

    Class B Common Stock

    [F1][F2]
    2026-05-27$56.75/sh+5,000$283,750→ 339,119 total
    → Class A Common Stock (5,000 underlying)
  • Tax Payment

    Class B Common Stock

    [F1][F2]
    2026-05-27$112.75/sh−3,494$393,949→ 335,625 total
    → Class A Common Stock (3,494 underlying)
  • Exercise/Conversion

    Option to purchase Class B Common Stock

    [F3]
    2026-05-27−5,000→ 0 total
    Exercise: $56.75From: 2020-06-10Exp: 2026-06-09→ Class A Common Stock (5,000 underlying)
Holdings

  • Class B Common Stock

    [F1][F2]
    (indirect: By Trust)
    → Class A Common Stock (5,328.4 underlying)
    5,328.4

  • Class B Common Stock

    [F1][F2]
    (indirect: By Trust)
    → Class A Common Stock (5,328.4 underlying)
    5,328.4

  • Class B Common Stock

    [F1][F2]
    (indirect: By Trust)
    → Class A Common Stock (160 underlying)
    160

  • Class B Common Stock

    [F1][F2]
    (indirect: By Trust)
    → Class A Common Stock (160 underlying)
    160

  • Class B Common Stock

    [F1][F2][F4]
    (indirect: By Trust)
    → Class A Common Stock (157,434.56 underlying)
    157,434.56

  • Class B Common Stock

    [F1][F2][F5][F6]
    (indirect: By Trust)
    → Class A Common Stock (25,281.4 underlying)
    25,281.4

  • Class B Common Stock

    [F1][F2][F5][F7]
    (indirect: By Trust)
    → Class A Common Stock (25,281.4 underlying)
    25,281.4

  • Class B Common Stock

    [F1][F2][F5][F8]
    (indirect: By Trust)
    → Class A Common Stock (25,281.4 underlying)
    25,281.4

  • Class B Common Stock

    [F1][F2][F5][F9]
    (indirect: By Trust)
    → Class A Common Stock (25,281.4 underlying)
    25,281.4

  • Class B Common Stock

    [F1][F2][F10]
    (indirect: By Trust)
    → Class A Common Stock (50,507.51 underlying)
    50,507.51

  • Class B Common Stock

    [F1][F2]
    (indirect: By Partnership)
    → Class A Common Stock (5,125.28 underlying)
    5,125.28

  • Class B Common Stock

    [F1][F2][F5][F11]
    (indirect: By Trust)
    → Class A Common Stock (38,736.694 underlying)
    38,736.694

  • Class B Common Stock

    [F1][F2][F5][F12]
    (indirect: By Trust)
    → Class A Common Stock (42,034.92 underlying)
    42,034.92

  • Class B Common Stock

    [F1][F2][F5][F13]
    (indirect: By Trust)
    → Class A Common Stock (38,777.856 underlying)
    38,777.856

  • Class B Common Stock

    [F1][F2][F5][F14]
    (indirect: By Trust)
    → Class A Common Stock (22,849.197 underlying)
    22,849.197

  • Class B Common Stock

    [F1][F2][F5][F15]
    (indirect: By Trust)
    → Class A Common Stock (33,256.336 underlying)
    33,256.336

  • Class B Common Stock

    [F1][F2]
    (indirect: By Spouse)
    → Class A Common Stock (812 underlying)
    812
Footnotes (15)
  • [F1]The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
  • [F10]Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
  • [F11]Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
  • [F12]Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
  • [F13]Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
  • [F14]Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
  • [F15]Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
  • [F2]No expiration date
  • [F3]N/A
  • [F4]Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
  • [F5]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
  • [F6]Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
  • [F7]Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
  • [F8]Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
  • [F9]Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
Signature
Elizabeth D. Tice Attorney-in-Fact|2026-05-29

Documents

1 file
  • 4
    doc4.xmlPrimary