HOVNANIAN ARA K 4
4 · HOVNANIAN ENTERPRISES INC · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Hovnanian (HOV) 10% Owner Ara K Sells Shares
What Happened
- Ara K. Hovnanian, reported as a 10% owner, sold 12,880 shares of Hovnanian Enterprises, Inc. in an open-market transaction on June 22, 2026. The weighted average sale price was $125.78, resulting in gross proceeds of about $1,620,107. This was a sale (not a purchase or option exercise), which is often routine for large holders.
Key Details
- Transaction date: 2026-06-22 (Form 4 filed 2026-06-24 — timely filing).
- Price reported: weighted average $125.78; footnote F1 shows the sale prices ranged from $125.42 to $126.38 and the filer will provide per-price breakdown on request.
- Shares sold: 12,880; aggregate proceeds ≈ $1,620,107.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: F2 indicates the reporting person disclaims beneficial ownership except to the extent of a potential pecuniary interest; F10 and F3–F9 indicate many shares are held by family trusts (the reporting person is a trustee with a potential remainder interest).
Context
- As a 10% owner, this transaction reflects activity by a large shareholder/trustee rather than an ordinary employee or board trading signal. Sales by large holders can be for many reasons (estate planning, tax, portfolio rebalancing) and do not necessarily indicate a change in company prospects. The filing appears timely (filed two days after the trade).
Insider Transaction Report
Form 4
HOVNANIAN ARA K
DirectorChairman of the Board & CEO10% Owner
Transactions
- Sale
Class A Common Stock
[F1]2026-06-22$125.78/sh−12,880$1,620,107→ 0 total
Holdings
- 52,285.872(indirect: By Trust)
Class A Common Stock
[F2][F3] - 20,522.872(indirect: By Trust)
Class A Common Stock
[F2][F4] - 62,895.872(indirect: By Trust)
Class A Common Stock
[F2][F5] - 45,634.872(indirect: By Trust)
Class A Common Stock
[F2][F6] - 3,563.96(indirect: By Trust)
Class A Common Stock
[F2][F7] - 4,132.76(indirect: By Trust)
Class A Common Stock
[F2][F8] - 720(indirect: By Trust)
Class A Common Stock
[F2][F9] - 720(indirect: By Trust)
Class A Common Stock
[F2][F10] - 668(indirect: By Spouse)
Class A Common Stock
Footnotes (10)
- [F1]Represents the weighted average sales price for price increments ranging from $125.42 to $126.38. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- [F10]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]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
- [F3]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 Hovnanian Family 2012 LLC (the "2012 LLC").
- [F4]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
- [F5]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
- [F6]Held by trusts for the benefit of the family of Sossie K. Najarian, 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 The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- [F8]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
- [F9]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
Signature
Elizabeth D. Tice Attorney-in-Fact|2026-06-24