HOVR Director Janjua Jameel Receives 14,145-Share Award

What Happened
Janjua Jameel, a director of New Horizon Aircraft Ltd. (HOVR), received an award/acquisition of 14,145 shares on August 4, 2026. The Form 4 reports the acquisition price as $0.00, giving a reported transaction value of $0.00; the filing lists this as transaction code "A" (award/grant).

Key Details

• Transaction date: 2026-08-04
• Transaction type/code: Award/Grant (A)
• Shares acquired: 14,145
• Reported price per share: $0.00 — reported transaction value $0.00
• Form 4 filed: 2026-08-06 (appears timely, filed two days after the transaction)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes/plans: The filing excerpt does not show 10b5-1, tax withholding, or additional footnotes

Context
A reported price of $0.00 for code "A" typically means the shares were issued to the insider without a cash purchase (e.g., a grant or stock award). Such awards are commonly used for compensation or retention and may be subject to vesting or other restrictions—this Form 4 does not state vesting terms. Awards increase an insider’s beneficial ownership but do not by themselves indicate the insider’s short-term market view.