Ara K. Hovnanian - Jun 13, 2025 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role: Chairman of Bd., Pres. & CEO, Director, 10%+ Owner
Signature: Elizabeth D. Tice Attorney-in-Fact
Stock symbol: HOV
Transactions as of: Jun 13, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/17/2025, 05:17 PM
Previous filing: Jun 16, 2025
Next filing: Aug 29, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
HOVNANIAN ARA K	Chairman of Bd., Pres. & CEO, Director, 10%+ Owner	C/O HOVNANIAN ENTERPRISES, INC., 90 MATAWAN ROAD, MATAWAN	Elizabeth D. Tice Attorney-in-Fact	2025-06-17	0000938549

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	Performance Share Units (2025)	Award	$0	+33.7K		$0.00	33.7K	Jun 13, 2025	Class A Common Stock	33.7K		Direct	F1, F2, F3, F4
transaction	HOV	Phantom Shares	Award	$0	+27.3K		$0.00	27.3K	Jun 13, 2025	Class A Common Stock	27.3K		Direct	F5, F6, F7, F8

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

Explanation of Responses:

Id	Content
F1	Vested Performance Share Units convert into Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock") on a one-for-one basis
F2	These Performance Share Units vest based on satisfaction of service vesting conditions through June 13, 2028 to the extent of the achievement of specified performance criteria over a performance period ending on April 30, 2026 and, to the extent vested, settle in shares of Class B Common Stock on June 13, 2030.
F3	Upon, and to the extent of, vesting of the Performance Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") on a one-for-one basis.
F4	The number of shares of Class B Common Stock that would be received upon vesting of the Performance Share Units will vary from 50% to 200% of the number shown depending on the achievement of certain performance criteria during the relevant performance period
F5	Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock").
F6	Following vesting, each phantom share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement.
F7	These Phantom Shares vest based on satisfaction of service vesting conditions through June 13, 2028 to the extent of the achievement of specified performance criteria over a performance period ending on April 30, 2026.
F8	The number of Phantom Shares that may be earned will vary from 50% to 200% of the number shown depending on the achievement of certain performance criteria during the relevant performance period.