# EDGAR Filing Document

**Accession Number:** 0000357294
**File Stem:** 0001225208-25-010117
**Filing Date:** 2025-12
**Character Count:** 12136
**Document Hash:** aac31d906c937bf4ced3e4857c0923a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001225208-25-010117.hdr.sgml**: 20251218

**ACCESSION NUMBER**: 0001225208-25-010117

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251216

**FILED AS OF DATE**: 20251218

**DATE AS OF CHANGE**: 20251218

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** HOVNANIAN ARA K
- **CENTRAL INDEX KEY:** 0000938549

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08551
- **FILM NUMBER:** 251581888

**MAIL ADDRESS:**
- **STREET 1:** 90 MATAWAN ROAD, FIFTH FLOOR
- **CITY:** MATAWAN
- **STATE:** NJ
- **ZIP:** 07747
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOVNANIAN ENTERPRISES INC
- **CENTRAL INDEX KEY:** 0000357294
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATIVE BUILDERS [1531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 221851059
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**BUSINESS ADDRESS:**
- **STREET 1:** 90 MATAWAN ROAD, 5TH FLOOR
- **CITY:** MATAWAN
- **STATE:** NJ
- **ZIP:** 07747
- **BUSINESS PHONE:** 7327477800

**MAIL ADDRESS:**
- **STREET 1:** 90 MATAWAN ROAD, 5TH FLOOR
- **CITY:** MATAWAN
- **STATE:** NJ
- **ZIP:** 07747

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>HOVNANIAN ARA K<br><sub>(Last) (First) (Middle)</sub><br>C/O HOVNANIAN ENTERPRISES, INC.<br>90 MATAWAN ROAD<br><sub>(Street)</sub><br>MATAWAN, NJ 07747<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-12-16 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chairman of the Board & CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>HOVNANIAN ENTERPRISES INC [ HOV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | <sup>(1)</sup> | 2025-12-16<sup>(2)</sup> |  | A |  | 53908 |  | <sup>(3)</sup> | <sup>(4)</sup> | Class A Common Stock | 53908 | $0 | 332722 | D |  |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 5328.4000 |  | 5328.4000 | I | Held as trustee for daughter Serena |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 5328.4000 |  | 5328.4000 | I | Held as trustee for son Alexander |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 160 |  | 160 | I | Held as trustee of the Alexander Hovnanian Trust |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 160 |  | 160 | I | Held as trustee of the Alton Hovnanian Trust |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 157434.5600 |  | 157434.5600 | I | Held as trustee of trust for Reporting Person's family<sup>(5)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 25281.4000 |  | 25281.4000<sup>(6)</sup> | I | Held as trustee of trusts for Esther K. Barry's family<sup>(7)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 25281.4000 |  | 25281.4000<sup>(6)</sup> | I | Held as trustee of trusts for Lucy K. Kalian's family<sup>(8)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 25281.4000 |  | 25281.4000<sup>(6)</sup> | I | Held as trustee of trusts for Nadia K. Rodriguez's family<sup>(9)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 25281.4000 |  | 25281.4000<sup>(6)</sup> | I | Held as trustee of trusts for Sossie K. Najarian's family<sup>(10)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 50507.5100 |  | 50507.5100 | I | Held by Ara K. Hovnanian Family 1994 long-term trusts<sup>(11)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 5125.2800 |  | 5125.2800 | I | Held by Reporting Person through partnership interests in the Limited Partnership. |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 38736.6940 |  | 38736.6940<sup>(6)</sup> | I | Held by trusts for Esther K. Barry's family<sup>(12)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 42034.9200 |  | 42034.9200<sup>(6)</sup> | I | Held by trusts for Kevork S. Hovnanian's family<sup>(13)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 38777.8564 |  | 38777.8564<sup>(6)</sup> | I | Held by trusts for Lucy K. Kalian's family<sup>(14)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 22849.1972 |  | 22849.1972<sup>(6)</sup> | I | Held by trusts for Nadia K. Rodriguez's family<sup>(15)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 33256.3364 |  | 33256.3364<sup>(6)</sup> | I | Held by trusts for Sossie K. Najarian's family<sup>(16)</sup> |
| Class B Common Stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(4)</sup> | Class A Common Stock | 812 |  | 812 | I | Held by wife |

---

### Footnotes:

(1) 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")

(2) 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

(3) The LTIP award vested on October 31, 2025 and such shares shall be delivered two years after the vesting date.

(4) No expiration date

(5) 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")

(6) 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

(7) 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

(8) 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

(9) 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

(10) 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

(11) Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee

(12) 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

(13) 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

(14) 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

(15) 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

(16) 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

**Signature:** Elizabeth D. Tice Attorney-in-Fact  
**Date:** 2025-12-18

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**