Company: HOVVB
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001753926-25-000907
Chunk: 1

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-05-30
Form: 10-Q
Item: Part II, Item 1
Chunk 1
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For information with respect to our legal proceedings, see Note 7 to the Condensed Consolidated Financial Statements in Part I, Item 1 of this Quarterly Report on Form 10-Q.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

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 April 30, 2025, $26.4 million of our Class A common stock was available to be purchased under the stock repurchase program.

The following table provides information relating to
the company’s repurchase of common stock for the second quarter of fiscal 2025.

Total Number of Shares Purchased

Average Price Paid Per Share

Total Number of Shares Purchased of Part of Publicly Announced Plans or Program

Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program

February 1, 2025 through February 28, 2025

-

-

-

$
13,627,297

March 1, 2025 through March 31, 2025

-

-

-

$
13,627,297

April 1, 2025 through April 30, 2025

126,448

$
96.68

126,448

$
26,402,928

Item 5. OTHER INFORMATION
 
During the three months ended April 30, 2025, no director or officer (as defined in Rule 16a-1(f) of the