Alexander A. Hovnanian - Dec 11, 2024 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role
Executive Vice President
Signature
Elizabeth D. Tice Attorney-in-Fact
Stock symbol
HOV
Transactions as of
Dec 11, 2024
Transactions value $
$0
Form type
4
Date filed
12/13/2024, 07:40 PM
Previous filing
Sep 30, 2024

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 Class B Common Stock Award $0 +4.13K +19.87% $0.00 24.9K Dec 11, 2024 Class A Common Stock 4.13K Direct F1, F2, F3, F4
holding HOV Class B Common Stock 82.4K Dec 11, 2024 Class A Common Stock 82.4K Held by Hovnanian Family 2021 trusts F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock").
F2 The date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied
F3 The LTIP award vested on October 31, 2024 and such shares shall be delivered two years after the vesting date.
F4 No expiration date.
F5 The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.