Hovnanian Alexander A. 4

What Happened
Alexander A. Hovnanian, President of Hovnanian Enterprises, reported a gift of 8,963 shares on June 3, 2026. The transaction is reported as a gift (code G) at $0.00; the shares are Class B common stock reported as a derivative security and are immediately convertible into an equal number of Class A shares.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (appears timely under Section 16 reporting rules).
• Shares transferred: 8,963; reported price: $0.00 (gift).
• Security type: Class B Common Stock (derivative), immediately convertible 1-for-1 into Class A Common Stock (Footnote F1).
• Footnote F2: no expiration date (as noted in the filing).
• Footnote F3: Reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Shares owned after the transaction: not specified in the provided filing details.

Context
Gifts are transfers and do not indicate a buy or sell sentiment about the stock; they are often for estate planning, charitable, or personal reasons. The filing treats the shares as derivative Class B stock that converts into Class A on a one-for-one basis, which simply means the recipient could hold Class A shares after conversion. The reporting person’s disclaimer (F3) means he’s not admitting beneficial ownership of all reported shares for Section 16 purposes.