Vincent Pagano Jr. - 05 Mar 2024 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role
Director
Signature
Elizabeth D. Tice Attorney-in-Fact
Issuer symbol
HOV
Transactions as of
05 Mar 2024
Net transactions value
-$7,510
Form type
4
Filing time
07 Mar 2024, 19:15:39 UTC
Previous filing
20 Dec 2023
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOV Class A Common Stock Options Exercise $57,550 +522 +1.7% $110.25 30,573 05 Mar 2024 Direct
transaction HOV Class A Common Stock Disposed to Issuer $7,444 -50 -0.16% $148.88 30,523 05 Mar 2024 Direct F1
transaction HOV Class A Common Stock Tax liability $57,617 -387 -1.3% $148.88 30,136 05 Mar 2024 Direct F2

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 Stock Option (right to buy) Options Exercise $0 -522 -100% $0.000000* 0 05 Mar 2024 Class A Common Stock 522 $110.25 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the withholding of shares of Class A Common Stock for cash to cover the Reporting Person's estimated tax liability in connection with the exercise of the options reported herein
F2 Reflects the withholding of shares of Class A Common Stock to cover the exercise price of the options reported as exercised herein
F3 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.
F4 This option is fully vested.
F5 N/A