Alexander A. Hovnanian, President of Hovnanian Enterprises Inc, filed a Form 4 on November 4, 2026, disclosing two disposition transactions in Class B Common Stock dated November 2, 2026, each coded "F" and priced at $104.92 per share.

Key Highlights

  • Reporting person: Alexander A. Hovnanian, President of Hovnanian Enterprises Inc (NYSE:HOV)
  • Transaction date: November 2, 2026, with the form filed November 4, 2026
  • First disposition: 770 shares of Class B Common Stock disposed (code F) at $104.92, convertible into an equal number of Class A Common Stock shares
  • Second disposition: 2,185 shares of Class B Common Stock disposed (code F) at $104.92, also convertible into Class A Common Stock
  • Resulting direct ownership: 46,885 shares of Class A Common Stock after the first transaction and 44,700 shares after the second, both held directly
  • Indirect ownership: 82,404 shares of Class A Common Stock held indirectly through Hovnanian Family 2021 trusts, with the reporting person disclaiming beneficial ownership except to the extent of his potential pecuniary interest

Details of Hovnanian's Class B Share Dispositions on November 2, 2026

According to the filing, Alexander A. Hovnanian reported two separate transactions involving Class B Common Stock of Hovnanian Enterprises Inc, both executed on November 2, 2026, and both coded "F," indicating shares disposed of to satisfy a tax withholding obligation. The Class B Common Stock carries a par value of $0.01 per share and, as explained in the filing, "is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative."

The first transaction involved the disposition of 770 shares at a price of $104.92, leaving Hovnanian with a direct beneficial ownership of 46,885 shares of Class A Common Stock. The second transaction involved the disposition of 2,185 shares at the same price of $104.92, reducing his direct beneficial ownership to 44,700 shares of Class A Common Stock. The filing notes no expiration date applies to the derivative security conversion feature for Class B shares.

In addition to his direct holdings, the filing discloses that 82,404 shares of Class A Common Stock are held indirectly through Hovnanian Family 2021 trusts. The filing states that 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." The form was signed by Elizabeth D. Tice as Attorney-in-Fact on November 4, 2026.

What Was Disclosed

The filing disclosed two code-F dispositions of Class B Common Stock by Hovnanian Enterprises President Alexander A. Hovnanian totaling 2,955 shares at $104.92 per share on November 2, 2026, with resulting direct ownership of 44,700 Class A shares and 82,404 indirectly held shares through family trusts.