X0306 4 2022-01-07 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 A Common Stock 2022-01-07 4 M 0 78300.0000 0.0000 A 200618.0000 D Class A Common Stock 2022-01-07 4 D 0 78300.0000 112.4300 D 122318.0000 D Class A Common Stock 63514.8720 I Held as trustee of trusts for Esther K. Barry's family Class A Common Stock 51574.8720 I Held as trustee of trusts for Lucy K. Kalian's family Class A Common Stock 73504.8720 I Held as trustee of trusts for Nadia K. Rodriguez's family Class A Common Stock 63574.8720 I Held as trustee of trusts for Sossie K. Najarian's family Class A Common Stock 14272.0000 I Held by 2021 Trusts Class A Common Stock 3563.9600 I Held by trusts for Esther K. Barry's family Class A Common Stock 4132.7600 I Held by trusts for Lucy K. Kalian's family Class A Common Stock 720.0000 I Held by trusts for Nadia K. Rodriguez's family Class A Common Stock 720.0000 I Held by trusts for Sossie K. Najarian's family Class A Common Stock 668.0000 I Held by wife Class B Common Stock 2022-01-07 4 F 0 3836.0000 112.4300 D Class A Common Stock 3836.0000 239864.0000 D Phantom Shares 2022-01-07 4 M 0 78300.0000 0.0000 D Class A Common Stock 78300.0000 69110.0000 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 Represents the settlement of Phantom Shares in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable aware agreement. 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 Hovnanian Family 2012 LLC (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 trusts for the benefit of the family of Sossie K. Najarian, 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 reporting person's family (the "2021 trusts"), of which the reporting person is the investment trustee. 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 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 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 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 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") No expiration date Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock. Following vesting, each Phantom Share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement. The remaining Phantom Shares vest as follows: (a) 34,556 shares vest on October 31, 2022 and (b) 34,554 shares vest on October 31, 2023 and settle in cash in the January following vesting. 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 2012 LLC. Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee 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 Elizabeth D. Tice Attorney-in-Fact 2022-01-11