Brad G. O'Connor - Jan 5, 2024 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role
CFO and Treasurer
Signature
Elizabeth D. Tice Attorney-in-Fact
Stock symbol
HOV
Transactions as of
Jan 5, 2024
Transactions value $
-$935,488
Form type
4
Date filed
1/9/2024, 04:35 PM
Previous filing
Dec 14, 2023
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOV Class A Common Stock Options Exercise $0 +6.06K +27.21% $0.00 28.3K Jan 5, 2024 Direct F1
transaction HOV Class A Common Stock Disposed to Issuer -$935K -6.06K -21.39% $154.32 22.3K Jan 5, 2024 Direct F1

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 Phantom Shares Options Exercise $0 -6.06K -100% $0.00* 0 Jan 5, 2024 Class A Common Stock 6.06K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of Phantom Shares in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable award agreement.
F2 Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock. Following vesting, each Phantom Share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement.
F3 The Phantom Shares vested on October 31, 2023 and settled in cash in the following January.