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Filing Details

Accession Number:: 0001225208-23-011138
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-12-14 18:38:06
Reporting Period:: 2023-12-12

Accepted Time:: 2023-12-14 18:38:06
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
357294	Hovnanian Enterprises Inc	HOV	Operative Builders (1531)	221851059

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
938549	K Ara Hovnanian	C/O Hovnanian Enterprises, Inc. 90 Matawan Road Matawan NJ 07747	Chairman Of Bd., Pres. & Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2023-12-12	2,359	$141.84	17,842	No	4	S	Direct
Class A Common Stock	Disposition	2023-12-12	3,462	$141.08	14,380	No	4	S	Direct
Class A Common Stock	Disposition	2023-12-12	14,380	$139.71	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Acquisiton	2023-12-13	59,005	$0.00	59,005	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
350,375			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	63,515	Indirect	Held as trustee of trusts for Esther K. Barry's family
Class A Common Stock	51,075	Indirect	Held as trustee of trusts for Lucy K. Kalian's family
Class A Common Stock	63,505	Indirect	Held as trustee of trusts for Nadia K. Rodriguez's family
Class A Common Stock	62,475	Indirect	Held as trustee of trusts for Sossie K. Najarian's family
Class A Common Stock	3,564	Indirect	Held by trusts for Esther K. Barry's family
Class A Common Stock	4,133	Indirect	Held by trusts for Lucy K. Kalian's family
Class A Common Stock	720	Indirect	Held by trusts for Nadia K. Rodriguez's family
Class A Common Stock	720	Indirect	Held by trusts for Sossie K. Najarian's family
Class A Common Stock	668	Indirect	Held by wife

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	5,328	5,328	Indirect
Class A Common Stock	Class B Common Stock	$0.00	5,328	5,328	Indirect
Class A Common Stock	Class B Common Stock	$0.00	160	160	Indirect
Class A Common Stock	Class B Common Stock	$0.00	160	160	Indirect
Class A Common Stock	Class B Common Stock	$0.00	157,435	157,435	Indirect
Class A Common Stock	Class B Common Stock	$0.00	25,281	25,281	Indirect
Class A Common Stock	Class B Common Stock	$0.00	25,281	25,281	Indirect
Class A Common Stock	Class B Common Stock	$0.00	25,281	25,281	Indirect
Class A Common Stock	Class B Common Stock	$0.00	25,281	25,281	Indirect
Class A Common Stock	Class B Common Stock	$0.00	50,508	50,508	Indirect
Class A Common Stock	Class B Common Stock	$0.00	5,125	5,125	Indirect
Class A Common Stock	Class B Common Stock	$0.00	38,737	38,737	Indirect
Class A Common Stock	Class B Common Stock	$0.00	42,035	42,035	Indirect
Class A Common Stock	Class B Common Stock	$0.00	38,778	38,778	Indirect
Class A Common Stock	Class B Common Stock	$0.00	22,849	22,849	Indirect
Class A Common Stock	Class B Common Stock	$0.00	33,256	33,256	Indirect
Class A Common Stock	Class B Common Stock	$0.00	812	812	Indirect

Amount	Remaning Holdings	Nature of Ownership
5,328	5,328	Indirect
5,328	5,328	Indirect
160	160	Indirect
160	160	Indirect
157,435	157,435	Indirect
25,281	25,281	Indirect
25,281	25,281	Indirect
25,281	25,281	Indirect
25,281	25,281	Indirect
50,508	50,508	Indirect
5,125	5,125	Indirect
38,737	38,737	Indirect
42,035	42,035	Indirect
38,778	38,778	Indirect
22,849	22,849	Indirect
33,256	33,256	Indirect
812	812	Indirect

Footnotes

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.
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.
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.
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
Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the Hovnanian Family 2012 LLC (the "2012 LLC").
Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trusts for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
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")
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.
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.
No expiration date
Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee
Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest