HOVNANIAN ARA K 4
4 · HOVNANIAN ENTERPRISES INC · Filed Jul 17, 2026
Research Summary
AI-generated summary of this filing
Hovnanian (HOV) Ara K. Hovnanian Converts 12,595 Shares
What Happened
Ara K. Hovnanian, reported as a greater-than-10% owner and trustee of family trusts, converted 12,595 shares of Class B Common Stock into 12,595 shares of Class A Common Stock on July 15, 2026. The conversion was recorded at $0.00 per share (no cash paid or received) — this is a reclassification of share class rather than a purchase or sale, so there was no cash value exchanged.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 17, 2026.
- Transaction type/codes: Conversion of derivative security (code C); Acquired 12,595 Class A shares @ $0.00; Disposed 12,595 Class B (derivative) @ $0.00.
- Shares owned after transaction: Not specified in the provided excerpt; transaction converted an equal number of Class B into Class A shares.
- Relevant footnotes: F1 & F11 state Class B shares are immediately convertible into an equal number of Class A shares; F2 and other footnotes indicate holdings are held through various trusts and limited liability interests and the reporting person disclaims beneficial ownership except to extent of pecuniary interest.
- Filing timeliness: Transaction dated 7/15; filing dated 7/17 — appears timely under Section 16 reporting (no late filing indicated).
Context
This was a simple share-class conversion (no cash in/out) and not an open-market buy or sell. For retail investors, conversions like this typically do not signal a change in insider sentiment because they do not alter economic exposure — they just change the form of the shares. Also note the reporting person is a >10% owner and trustee for multiple family trusts, so holdings reflect trust structures rather than routine executive trading.
Insider Transaction Report
Form 4
HOVNANIAN ARA K
DirectorChairman of the Board & CEO10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-07-15+12,595→ 12,595 total - Conversion
Class B Common Stock
[F11][F1][F12]2026-07-15−12,595→ 324,716 total→ Class A Common Stock (12,595 underlying)
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
- 5,328.4(indirect: By Trust)
Class B Common Stock
[F11][F12]→ Class A Common Stock (5,328.4 underlying) - 5,328.4(indirect: By Trust)
Class B Common Stock
[F11][F12]→ Class A Common Stock (5,328.4 underlying) - 160(indirect: By Trust)
Class B Common Stock
[F11][F12]→ Class A Common Stock (160 underlying) - 160(indirect: By Trust)
Class B Common Stock
[F11][F12]→ Class A Common Stock (160 underlying) - 157,434.56(indirect: By Trust)
Class B Common Stock
[F11][F12][F13]→ Class A Common Stock (157,434.56 underlying) - 25,281.4(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F14]→ Class A Common Stock (25,281.4 underlying) - 25,281.4(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F4]→ Class A Common Stock (25,281.4 underlying) - 25,281.4(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F5]→ Class A Common Stock (25,281.4 underlying) - 25,281.4(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F15]→ Class A Common Stock (25,281.4 underlying) - 50,507.51(indirect: By Trust)
Class B Common Stock
[F11][F12][F16]→ Class A Common Stock (50,507.51 underlying) - 5,125.28(indirect: By Partnership)
Class B Common Stock
[F11][F12]→ Class A Common Stock (5,125.28 underlying) - 38,736.694(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F7]→ Class A Common Stock (38,736.694 underlying) - 42,034.92(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F17]→ Class A Common Stock (42,034.92 underlying) - 38,777.856(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F8]→ Class A Common Stock (38,777.856 underlying) - 22,849.197(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F9]→ Class A Common Stock (22,849.197 underlying) - 33,256.336(indirect: By Trust)
Class B Common Stock
[F11][F12][F2][F10]→ Class A Common Stock (33,256.336 underlying) - 812(indirect: By Spouse)
Class B Common Stock
[F11][F12]→ Class A Common Stock (812 underlying)
Footnotes (17)
- [F1]On July 15, 2026, Ara Hovnanian converted 12,595 shares of Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), in to 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 Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
- [F11]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")
- [F12]No expiration date
- [F13]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")
- [F14]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
- [F15]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
- [F16]Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
- [F17]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
- [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|2026-07-17