HOVNANIAN ARA K

A stock cut nearly in half is the real story embedded in Ara K. Hovnanian's Form 4 record at Hovnanian Enterprises — the homebuilder his family controls: 572 transactions since 2003, entirely on the selling side, 7.69 million shares sold and zero bought. The prices attached to his routine transactions trace a severe decline: multiple sales in September 2024 landed between $212 and $220, falling to $195-$197 by mid-October 2024, before a tax-withholding transaction on June 12, 2025 priced at just $99.54 — a decline of roughly 54% from the September 2024 highs. Some recovery followed: $138.31 in August 2025, a pullback to $120.23 in October 2025, and $125.78 by June 2026 — a stock still down by nearly half from where it traded less than two years earlier. His most recent activity, on July 15, 2026, was a pair of share-class conversions (12,595 shares each) rather than open-market sales.