Company: HOVVB
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001753926-25-001413
Chunk: 2

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part II, Item 2
Chunk 2
---
Recent Sales of Unregistered Equity Securities

None.

Issuer Purchases of Equity Securities 

On December 18, 2024, the Board authorized an incremental increase to our repurchase program and on April 11, 2025, the Board authorized another increase to our repurchase program, such
that, inclusive of any amounts remaining under the existing repurchase
authorization, as of April 11, 2025, we were authorized to repurchase up to
$30.6 million of our Class A common stock. Under the program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual dollar amount repurchased will depend on a variety of factors, including legal requirements, price, future tax implications and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. As of July 31, 2025, $26.4 million of our Class A common stock was available to be purchased under the stock repurchase program.

There were no repurchases of common stock for the third quarter of fiscal 2025.

Item 5. OTHER INFORMATION
 
During the three months ended July 31, 2025, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

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