Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2023-12-14 00:00:00 ET · period of report 2023-12-12 · accession 0001225208-23-011138 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-12-14 | 2023-12-12 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | S - Sale | $140.19 | -20.2K | 0 | -100% | -$2.83M |
| D | 2023-12-14 | 2023-12-13 | HOV | HOVNANIAN ARA K | Pres, CEO, COB of Bd, Dir, 10% | A - Grant | $0.00 | +59.0K | 350.4K | +20% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-12 | S | D | 3,462 | $141.08 | 14,380 | D | — | — | (F2) Represents the weighted average sales price for price increments ranging from $140.55 to $141.55. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4. |
| 2 | Common | Class A Common Stock | 2023-12-12 | S | D | 2,359 | $141.84 | 17,842 | D | — | — | (F1) Represents the weighted average sales price for price increments ranging from $141.565 to $142.535. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4. |
| 3 | Common | Class A Common Stock | 2023-12-12 | S | D | 14,380 | $139.71 | 0 | D | — | — | (F3) Represents the weighted average sales price for price increments ranging from $139.50 to $140.48. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4. |
| 4 | Derivative | Class B Common Stock | 2023-12-13 | A | A | 59,005 | $0.00 | 350,375 | D | — · — to — | 59,005 Class A Common Stock | (F14) 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. (F13) 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") (F15) The LTIP award vests as follows: (a) 35,405 shares vest on October 31, 2023, (b) 11,803 shares vest on October 31, 2024, and (c) 11,797 shares vest on October 31, 2025, which shares shall be delivered two years after the respective vesting dates. (F16) No expiration date |