Form 4: New Horizon Aircraft CFO Boosts Stake with Share Purchase Under 10b5-1 Plan

New Horizon Aircraft Ltd.'s Chief Financial Officer, Brian Frederick Merker, acquired 751 Class A Ordinary Shares on June 23, 2025, increasing his direct beneficial ownership to 32,351 shares.

Summary

• Brian Frederick Merker, Chief Financial Officer of New Horizon Aircraft Ltd. (HOVR), purchased 751 Class A Ordinary Shares.
• The transaction occurred on June 23, 2025, and was reported on June 27, 2025.
• The shares were acquired at a weighted average price of $2.25, with individual transaction prices ranging from $2.250 to $2.310.
• This purchase was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading instruction.
• Following this transaction, Mr. Merker directly beneficially owns a total of 32,351 Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The purchase of shares by a key executive like the CFO is generally viewed positively as it indicates confidence in the company's future performance. While the transaction size is modest, it signals alignment of interests with shareholders.

Positives

• The Chief Financial Officer, Brian Frederick Merker, increased his direct ownership in New Horizon Aircraft Ltd. by purchasing 751 Class A Ordinary Shares.
• Insider buying, especially by a key executive like the CFO, can signal management's confidence in the company's future prospects and valuation.

Future Outlook

This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook or financial performance.

Management Comments

• The reporting person undertakes to provide to New Horizon Aircraft Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends. However, insider purchases are generally viewed as a positive signal of management's confidence in the company's prospects within its specific industry.

Stakeholder Impact

• Shareholders: The CFO's share purchase may be interpreted as a positive signal, potentially increasing investor confidence in the company's future performance.
• Employees, Customers, Suppliers, Creditors: This specific insider transaction is unlikely to have a direct or immediate impact on these stakeholder groups.

Next Steps

• The reporting person is obligated to provide detailed information on share purchases at specific prices within the reported range upon request from the Company, security holders, or the SEC staff.

Key Dates

Keywords

New Horizon Aircraft Ltd., HOVR, Form 4, Insider Trading, Share Purchase, CFO, Brian Frederick Merker, Equity, Beneficial Ownership, Rule 10b5-1