Brad G. O'Connor - 09 Jun 2023 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role: SVP, CAO and Treasurer
Signature: Elizabeth D. Tice Attorney-in-Fact
Issuer symbol: HOV
Transactions as of: 09 Jun 2023
Net transactions value: -$83,692
Form type: 4
Filing time: 13 Jun 2023, 18:07:06 UTC
Previous filing: 06 Jun 2023
Next filing: 14 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOV	Class A Common Stock	Tax liability	$83,692	-862	-7.4%	$97.09	10,861	12 Jun 2023	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	Performance Share Units (2023)	Award	$0	+2,882		$0.000000	2,882	09 Jun 2023	Class A Common Stock	2,882		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vested Performance Share Units convert into Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis.
F2	These Performance Share Units vest based on satisfaction of service vesting conditions through June 9, 2026 to the extent of the achievement of specified performance criteria over a performance period ending on April 30, 2024 and, to the extent vested, settle in shares of Class A Common Stock on June 9, 2028.
F3	The number of shares of Class A Common Stock that would be received upon vesting of the Performance Share Units will vary from 50% to 200% of the number shown depending on the achievement of certain performance criteria during the relevant performance period.