J. Larry Sorsby - 25 Feb 2025 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

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)	Gift	$0	-30,000	-100%	$0.000000	0	25 Feb 2025	Class A Common Stock	30,000	$9.81	Direct	F1
transaction	HOV	Employee Stock Option (right to buy)	Gift	$0	-10,000	-100%	$0.000000	0	25 Feb 2025	Class A Common Stock	10,000	$61.00	Direct	F1, F2
transaction	HOV	Employee Stock Option (right to buy)	Gift	$0	-10,000	-100%	$0.000000	0	25 Feb 2025	Class A Common Stock	10,000	$56.75	Direct	F1, F2
transaction	HOV	Employee Stock Option (right to buy)	Gift	$0	+10,000		$0.000000	10,000	25 Feb 2025	Class A Common Stock	10,000	$61.00	By SLAT	F1
transaction	HOV	Employee Stock Option (right to buy)	Gift	$0	+10,000		$0.000000	10,000	25 Feb 2025	Class A Common Stock	10,000	$56.75	By SLAT	F1
transaction	HOV	Employee Stock Option (right to buy)	Gift	$0	+30,000		$0.000000	30,000	25 Feb 2025	Class A Common Stock	30,000	$9.81	By SLAT	F1

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

Id	Content
F1	This option is fully vested.
F2	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.