Form 4: HOVNANIAN ENTERPRISES CEO Ara K. Hovnanian Reports Routine Stock Ownership Changes

Ara K. Hovnanian, Chairman, President, and CEO of Hovnanian Enterprises Inc., filed a Form 4 detailing changes in his beneficial ownership, including a gift of 10 shares of Class A Common Stock.

Summary

• The filing is a Form 4, Statement of Changes in Beneficial Ownership, for Ara K. Hovnanian, who serves as Chairman of the Board, President & CEO, Director, and a 10% Owner of HOVNANIAN ENTERPRISES INC. (HOV).
• On June 9, 2025, Mr. Hovnanian disposed of 10 shares of Class A Common Stock through a gift transaction (Transaction Code 'G') at a price of $0.0000 per share.
• Following this transaction, Ara K. Hovnanian directly beneficially owns 12,880 shares of Class A Common Stock.
• Additionally, Mr. Hovnanian indirectly beneficially owns a significant number of shares through various family trusts and a limited liability company (Hovnanian Family 2012 LLC), where he acts as a trustee and holds a potential remainder interest.
• Indirect holdings include 52,285.872 shares for Esther K. Barry's family, 20,522.872 shares for Lucy K. Kalian's family, 63,504.872 shares for Nadia K. Rodriguez's family, and 45,634.872 shares for Sossie K. Najarian's family, all held as trustee.
• Further indirect holdings include 3,563.96 shares by The Esther K. Barry Family 1994 Long-Term Trust, 4,132.76 shares by The Lucy K. Kalian Family 1994 Long-Term Trust, 720 shares by The Nadia K. Rodriguez Family 1994 Long-Term Trust, and 720 shares by The Sossie K. Najarian Family 1994 Long-Term Trust.
• An additional 668 shares are indirectly held by his wife.
• The reporting person disclaims beneficial ownership of these indirectly held securities except to the extent of his potential pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 reporting a gift of shares by an insider, which is a neutral event regarding company performance or outlook. It primarily serves as a compliance disclosure.

Positives

• The filing demonstrates compliance with SEC regulations regarding insider trading and beneficial ownership disclosure.
• The significant indirect holdings through family trusts indicate a long-term family connection and potential interest in the company's performance.

Corporate Governance

Related Party Transactions

• Disclosure of shares held indirectly through various family trusts (e.g., Esther K. Barry's family, Lucy K. Kalian's family, Nadia K. Rodriguez's family, Sossie K. Najarian's family) and a limited liability company (Hovnanian Family 2012 LLC), where the reporting person serves as a trustee and has a potential remainder interest. These are considered related party dealings due to the familial and trustee relationships.

Stakeholder Impact

• Minimal direct impact on shareholders due to the small number of shares (10) involved in the reported gift transaction.
• Provides transparency to investors regarding insider ownership and transactions, which can be a factor in investment decisions.

Key Dates

Keywords

Hovnanian Enterprises, HOV, Form 4, insider transaction, beneficial ownership, stock ownership, Ara K. Hovnanian, SEC filing