X0306 4 2022-01-03 0000357294 HOVNANIAN ENTERPRISES INC HOV 0000938549 HOVNANIAN ARA K C/O HOVNANIAN ENTERPRISES, INC. 90 MATAWAN ROAD MATAWAN NJ 07747 1 1 1 Chairman of Bd., Pres. & CEO Class B Common Stock 2022-01-03 4 M 0 9000.0000 0.0000 A Class A Common Stock 9000.0000 241784.0000 D Class B Common Stock 2022-01-03 4 M 0 9000.0000 0.0000 A Class A Common Stock 9000.0000 250784.0000 D Class B Common Stock 2022-01-03 4 F 0 7084.0000 121.1000 D Class A Common Stock 7084.0000 243700.0000 D Market Share Units (Performance) 2022-01-03 4 M 0 4500.0000 0.0000 D 2024-06-14 Class A Common Stock 4500.0000 31500.0000 D Market Share Units (Performance) 2022-01-03 4 M 0 4500.0000 0.0000 D 2024-06-14 Class A Common Stock 4500.0000 27000.0000 D Class B Common Stock Class A Common Stock 5328.4000 5328.4000 I Held as trustee for daughter Serena Class B Common Stock Class A Common Stock 5328.4000 5328.4000 I Held as trustee for son Alexander Class B Common Stock Class A Common Stock 160.0000 160.0000 I Held as trustee of the Alexander Hovnanian Trust Class B Common Stock Class A Common Stock 160.0000 160.0000 I Held as trustee of the Alton Hovnanian Trust Class B Common Stock Class A Common Stock 157434.5600 157434.5600 I Held as trustee of trust for Reporting Person's family Class B Common Stock Class A Common Stock 25281.4000 25281.4000 I Held as trustee of trusts for Esther K. Barry's family Class B Common Stock Class A Common Stock 25281.4000 25281.4000 I Held as trustee of trusts for Lucy K. Kalian's family Class B Common Stock Class A Common Stock 25281.4000 25281.4000 I Held as trustee of trusts for Nadia K. Rodriguez's family Class B Common Stock Class A Common Stock 25281.4000 25281.4000 I Held as trustee of trusts for Sossie K. Najarian's family Class B Common Stock Class A Common Stock 82404.0000 82404.0000 I Held by 2021 Trusts Class B Common Stock Class A Common Stock 50507.5100 50507.5100 I Held by Ara K. Hovnanian Family 1994 long-term trusts Class B Common Stock Class A Common Stock 5125.2800 5125.2800 I Held by Reporting Person through partnership interests in the Limited Partnership. Class B Common Stock Class A Common Stock 38736.6940 38736.6940 I Held by trusts for Esther K. Barry's family Class B Common Stock Class A Common Stock 42034.9200 42034.9200 I Held by trusts for Kevork S. Hovnanian's family Class B Common Stock Class A Common Stock 38777.8564 38777.8564 I Held by trusts for Lucy K. Kalian's family Class B Common Stock Class A Common Stock 22849.1972 22849.1972 I Held by trusts for Nadia K. Rodriguez's family Class B Common Stock Class A Common Stock 33256.3364 33256.3364 I Held by trusts for Sossie K. Najarian's family Class B Common Stock Class A Common Stock 812.0000 812.0000 I Held by wife 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") On January 3, 2022, 4,500 Market Share Units converted into 9,000 shares of Class B Common Stock pursuant to the terms of the award granted on June 14, 2019 that was subject to additional financial performance criteria that was determined to have been satisfied on December 13, 2021. No expiration date Shares of Class B Common Stock received upon vesting are immediately convertible into Class A Common Stock on a one-for-one basis. The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2022, June 14, 2022, June 14, 2023 and June 14, 2024. Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock. The number of shares of Class B Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. 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") 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 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 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 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 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 Held by trusts for the benefit of the reporting person's family (the "2021 trusts"), of which the reporting person is the investment trustee. Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership 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 Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership Elizabeth D. Tice Attorney-in-Fact 2022-01-04