SORSBY J LARRY (Exec. VP and CFO) exercised options at HOVNANIAN ENTERPRISES INC
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 6/3/2026ACC: 0001225208-26-005766
DirectorOfficer· Exec. VP and CFO
Since Dec 2018
-3.07K
Net shares
Net seller
$355.9K
Total sold
0
Open market trades
0B · 0S
3
Total transactions
5K acquired · 8.07K disposed
Non-Derivative Transactions2
Class A Common Stock
Indirect
Shares
+5K
Price / share
$56.75
Trade value
$283.75K
% of position
270.0%
6/1/2026
1.85K→6.85K
Class A Common Stock
Indirect
Shares
−3.07K
Price / share
$116.00
Trade value
$355.89K
% of position
44.8%
6/1/2026
6.85K→3.78K
Total
Net shares
+1.93K
Net value
-$72.14K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Indirect | 6/1/2026 | M · Option Exercise | +5K | $56.75 | $283.75K | 270.0% | 1.85K | 6.85K |
| Class A Common Stock Indirect | 6/1/2026 | F · Tax Withholding | −3.07K | $116.00 | $355.89K | 44.8% | 6.85K | 3.78K |
| Total | +1.93K | -$72.14K | ||||||
Derivative Transactions1
Employee Stock Option (right to buy)
Indirect
Converts to
Class A Common Stock
5K shares
Shares
−5K
Strike price
56.7500
Held after
0.00
Exercisable
—
6/1/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) Indirect | Class A Common Stock5K shares | 6/1/2026 | M · Option Exercise | −5K | 56.7500 | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)2
Class A Common Stock
DirectShares owned187.52K
Class A Common Stock
IndirectShares owned3.85K
Total
187.52K direct·3.85K indirect191.37K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class A Common Stock | 187.52K | Direct |
| Class A Common Stock | 3.85K | Indirect |
| Total | 191.37K | 187.52K direct·3.85K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported