Hovnanian Enterprises: Ownership Filing Update
Ticker: HOVVB · Form: SC 13D/A · Filed: Sep 19, 2024 · CIK: 357294
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: HOV
TL;DR
Ara K. Hovnanian updated his stake in HOV. Details TBD.
AI Summary
Ara K. Hovnanian has amended his Schedule 13D filing regarding Hovnanian Enterprises, Inc. on September 17, 2024. The filing indicates a change in beneficial ownership of the Class A Common Stock. Specific details on the nature of the change or the exact number of shares involved are not provided in this excerpt.
Why It Matters
Changes in beneficial ownership filings like this can signal shifts in control or significant investment activity by major shareholders, potentially impacting stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often involve significant shareholders, and changes can indicate strategic moves or potential activism, warranting close monitoring.
Key Players & Entities
- Ara K. Hovnanian (person) — Filing person and authorized contact
- HOVNANIAN ENTERPRISES INC (company) — Subject company
- Class A Common Stock (security) — Title of class of securities
FAQ
What specific changes in beneficial ownership are reported in this Schedule 13D/A filing?
This excerpt does not specify the exact changes in beneficial ownership, only that an amendment has been filed on September 17, 2024.
Who is the primary filer for this Schedule 13D/A?
Ara K. Hovnanian is the primary filer, and his address and phone number are provided as the contact for communications.
What is the CUSIP number for Hovnanian Enterprises, Inc. Class A Common Stock?
The CUSIP number for Hovnanian Enterprises, Inc. Class A Common Stock is 442487203.
What is the business address of Hovnanian Enterprises, Inc.?
The business address is 90 Matawan Road, 5th Floor, Matawan, NJ 07747.
What is the date of the event that required this filing amendment?
The date of the event which requires filing of this statement is September 17, 2024.
Filing Stats: 1,878 words · 8 min read · ~6 pages · Grade level 7.1 · Accepted 2024-09-19 17:23:27
Key Financial Figures
- $0.01 — ies B Junior Preferred Stock, par value $0.01 per share, of the Issuer issued in conn
- $232.10 — 024 1,638 $ 231.792 $ 231.135 to $232.10 August 23, 2024 2,794 $ 229.981
Filing Documents
- d888771dsc13da.htm (SC 13D/A) — 52KB
- 0001193125-24-222198.txt ( ) — 53KB
(a)-(c) of the Schedule 13D is hereby amended and restated as follows
Item 5 (a)-(c) of the Schedule 13D is hereby amended and restated as follows: (a) Ara K. Hovnanian beneficially owns 843,488.24 shares of Class A Common Stock, including 635,973 shares of Class A Common Stock receivable upon the conversion of a like number of shares of Class B Common Stock (including 50,000 shares of Class B Common Stock subject to vested options). The shares beneficially owned represent approximately 14.1% of the shares of Class A Common Stock, based upon 5,325,330 shares of Class A Common Stock outstanding as of August 27, 2024 as disclosed by the Issuer in the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 30, 2024, plus (for purposes of computing such percentage) the shares of Class A Common Stock receivable upon the conversion of such shares of Class B Common Stock and vested equity awards and unvested equity awards vesting within 60 days. Such shares represent approximately 50.1% of the combined voting power of the Class A Common Stock and Class B Common Stock. The shares beneficially owned by Ara K. Hovnanian include: (i) 1 share of Class A Common Stock and 126,407 shares of Class A Common Stock receivable upon the conversion of a like number of shares of Class B Common Stock held by the 2012 LLC for which Ara K. Hovnanian is special purpose manager with respect to investments in securities of the Issuer, (ii) 369,982.24 shares of Class A Common Stock, which includes 185,163 shares of Class A Common Stock receivable upon the conversion of a like number of shares of Class B Common Stock held by trusts for the benefit of the family of Kevork S. Hovnanian for which Ara K. Hovnanian is the trustee with respect to investments in securities of the Issuer, (iii) 193,353 shares of Class A Common Stock receivable upon the conversion of a like number of shares of Class B Common Stock held by the Kevork S. Hovnanian Family Limited Partnership (the Limited Partnership) for which Ara K. Hovnanian is managin