Form 4 for HOVR New Horizon Aircraft Ltd.
Accepted 2025-07-10 00:00:00 ET · period of report 2025-06-11 · accession 0001474506-25-000139 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-07-10 | 2025-06-11 | HOVR | Merker Brian Frederick | CFO | M - OptEx | $0.00 | +86.0K | 161.3K | +114% | $0 |
| D | 2025-07-10 | 2025-06-11 | HOVR | Merker Brian Frederick | CFO | M - OptEx | $0.00 | -86.0K | 0 | -100% | $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 ordinary shares without par value | 2025-06-11 | M | A | 86,000 | $0.00 | 161,325 | D | — | — | (F1) Each performance stock unit represented a contingent right to receive one Class A ordinary share, without par value (each, a "Class A Ordinary Share"). The performance stock units vested in full on the date the Company achieved 100% Total Shareholder Return, defined as the percentage change in the value of the Class A Ordinary Shares over a specified period, calculated as the quotient of (i) the difference between the current share price and the share price on February 3, 2025 (the "Award Date"), divided by (ii) the share price on the Award Date. |
| 2 | Derivative | Performance Stock Units | 2025-06-11 | M | D | 86,000 | $0.00 | 0 | D | — · — to 2028-12-15 | 86,000 Class A ordinary shares without par value | (F1) Each performance stock unit represented a contingent right to receive one Class A ordinary share, without par value (each, a "Class A Ordinary Share"). The performance stock units vested in full on the date the Company achieved 100% Total Shareholder Return, defined as the percentage change in the value of the Class A Ordinary Shares over a specified period, calculated as the quotient of (i) the difference between the current share price and the share price on February 3, 2025 (the "Award Date"), divided by (ii) the share price on the Award Date. |