Brad G. O'Connor - Jun 1, 2022 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role
SVP, CAO and Treasurer
Signature
Elizabeth D. Tice Attorney-in-Fact
Stock symbol
HOV
Transactions as of
Jun 1, 2022
Transactions value $
-$48
Form type
4
Date filed
6/2/2022, 05:40 PM
Previous filing
Jan 11, 2022
Next filing
Jun 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOV Class A Common Stock Options Exercise $43.2K +800 +5.77% $54.00 14.7K Jun 1, 2022 Direct
transaction HOV Class A Common Stock Tax liability -$43.2K -761 -5.19% $56.83 13.9K Jun 1, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOV Employee Stock Option (right to buy) Options Exercise -800 -100% 0 Jun 1, 2022 Class A Common Stock 800 $54.00 Direct F1, F2, F3, F4
transaction HOV Performance Share Units (2021) Award $0 +2.07K +100% $0.00 4.14K Jun 1, 2022 Class A Common Stock 2.07K Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), that occurred on March 29, 2019.
F2 The option is fully vested
F3 Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019
F4 N/A
F5 Vested Performance Share Units convert into Class A Common Stock on a one-for-one basis
F6 The date of the transaction represents the date on which the financial performance criteria of previously granted Performance Share Units were determined to have been satisfied.
F7 Represents the additional number of shares determined to have been earned under the performance share unit award. 2,068 Performance Share Units were previously reported at the time of grant. Earned portion of the performance share unit award vests based on satisfaction of service vesting conditions through June 11, 2024 and will be delivered in shares of Class A Common Stock on the date that is two years following the vesting date, subject to earlier vesting and delivery upon the occurrence of certain qualified termination events.