{"scope": "company", "symbol": "HOVNP", "name": "Hovnanian Enterprises Inc. PFD DEP1/1000A", "intelligence": {"score": 47, "label": "Balanced insider tape", "tone": "neutral", "stance": "Wait for clearer clustering", "brief": "Acquisition and disposal evidence is mixed after low-information compensation and derivative activity is separated out.", "confidence": 78, "confidence_label": "Well supported", "filings": 63, "companies": 1, "insiders": 10, "signal_events": 22, "acquisition_events": 6, "disposal_events": 16, "acquisition_share": 27.3, "disposal_share": 72.7, "acquisition_value": 1348095.0, "disposal_value": 9020205.544, "net_value": -7672110.544, "acquisition_value_label": "$1.3M", "disposal_value_label": "$9.0M", "net_value_label": "-$7.7M", "data_quality": 41, "priced_common_share": 41, "latest_date": "2026-07-15", "latest_signal_date": "2026-06-25", "oldest_date": "2026-04-01", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 44, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 12, "bar_width": 27.3}, {"key": "derivative", "label": "Options and derivatives", "count": 7, "bar_width": 15.9}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 25, "bar_width": 100.0}, {"label": "CEO and chair", "count": 16, "bar_width": 64.0}, {"label": "Finance leadership", "count": 11, "bar_width": 44.0}, {"label": "Other executive", "count": 11, "bar_width": 44.0}], "supports": ["6 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 10 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 4, "disposals": 8, "qualified_acquisitions": 4, "qualified_disposals": 4, "total": 12, "height": 37.5, "acquisition_height": 33.3, 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"disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "market": {"latest_week": "2026-08-07", "latest_close": "19.750000", "currency": "USD", "one_week_change": "-0.7537688442211055276381909548", "thirteen_week_change": "-3.893411710891917800886613690", "four_week_change": "-3.893411710891917800886613690", "range_high": "20.810000", "range_low": "19.265484", "average_volume": 19508, "relative_strength": "-13.269564", "market_dynamics": "-0.806973", "fair_value": "16.532719", "fair_value_gap": "19.46008397045882168565255358", "trend_signal": "0", "one_week_change_label": "-0.8%", "thirteen_week_change_label": "-3.9%", "four_week_change_label": "-3.9%", "fair_value_gap_label": "+19.5%"}, "transactions": [{"date": "2026-07-15", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-07-15", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-25", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "147142.9328", "value_label": "$147.1K"}, {"date": "2026-06-22", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "1620106.9360", "value_label": "$1.6M"}, {"date": "2026-06-12", "insider": "COUTTS, ROBERT B", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "HERNANDEZ-KAKOL, MIRIAM", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "HOVNANIAN, ALEXANDER A.", "role": "President", "side": "Acquisition", "security": "Phantom Shares (2026)", "evidence_class": "equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "HOVNANIAN, ALEXANDER A.", "role": "President", "side": "Acquisition", "security": "Performance Share Units (2026)", "evidence_class": "equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% 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"equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "PAGANO, VINCENT JR", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "SELLERS, ROBIN STONE", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "WYATT, MICHAEL P.", "role": "Chief Operating Officer", "side": "Acquisition", "security": "Phantom Shares (2026)", "evidence_class": "equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "WYATT, MICHAEL P.", "role": "Chief Operating Officer", "side": "Acquisition", "security": "Performance Share Units (2026)", "evidence_class": "equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-12", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": "2121654.0000", "value_label": "$2.1M"}, {"date": "2026-06-11", "insider": "HOVNANIAN, ALEXANDER A.", "role": "President", "side": "Acquisition", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-11", "insider": "HOVNANIAN, ALEXANDER A.", "role": "President", "side": "Disposal", "security": "Performance Share Units (2021)", "evidence_class": "equity_award", "value": null, "value_label": "Not reported"}, {"date": "2026-06-11", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% 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"$244.2K"}, {"date": "2026-06-11", "insider": "WYATT, MICHAEL P.", "role": "Chief Operating Officer", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "242706.9600", "value_label": "$242.7K"}, {"date": "2026-06-09", "insider": "MARENGI, JOSEPH A", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "69540.0000", "value_label": "$69.5K"}, {"date": "2026-06-09", "insider": "COUTTS, ROBERT B", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "60876.0000", "value_label": "$60.9K"}, {"date": "2026-06-09", "insider": "HERNANDEZ-KAKOL, MIRIAM", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "60876.0000", "value_label": "$60.9K"}, {"date": "2026-06-09", "insider": "PAGANO, VINCENT JR", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "60876.0000", "value_label": "$60.9K"}, {"date": "2026-06-09", "insider": "SELLERS, ROBIN STONE", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "60876.0000", "value_label": "$60.9K"}, {"date": "2026-06-03", "insider": "HOVNANIAN, ALEXANDER A.", "role": "President", "side": "Acquisition", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-03", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-06-01", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "355888.0000", "value_label": "$355.9K"}, {"date": "2026-06-01", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "283750.0000", "value_label": "$283.8K"}, {"date": "2026-05-27", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Option to purchase Class B Common Stock", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Disposal", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Disposal", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-05-27", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Employee Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-05-27", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": "393948.5000", "value_label": "$393.9K"}, {"date": "2026-05-27", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "365797.2852", "value_label": "$365.8K"}, {"date": "2026-05-27", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Acquisition", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": "283750.0000", "value_label": "$283.8K"}, {"date": "2026-05-27", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "283750.0000", "value_label": "$283.8K"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "85055.2050", "value_label": "$85.1K"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "85000.0000", "value_label": "$85.0K"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "42585.1500", "value_label": "$42.6K"}, {"date": "2026-05-27", "insider": "O'CONNOR, BRAD G", "role": "CFO", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "42500.0000", "value_label": "$42.5K"}, {"date": "2026-05-22", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Option to purchase Class B Common Stock", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-05-22", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Disposal", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": "379143.6900", "value_label": "$379.1K"}, {"date": "2026-05-22", "insider": "HOVNANIAN, ARA K", "role": "Director, Chairman of the Board & CEO, 10% Owner", "side": "Acquisition", "security": "Class B Common Stock", "evidence_class": "common_equity", "value": "283750.0000", "value_label": "$283.8K"}, {"date": "2026-04-29", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-29", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-27", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-27", "insider": "SORSBY, J LARRY", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": null, "value_label": "Not reported"}, {"date": "2026-04-01", "insider": "PAGANO, VINCENT JR", "role": "Director", "side": "Disposal", "security": "Stock Option (right to buy)", "evidence_class": "derivative", "value": null, "value_label": "Not reported"}, {"date": "2026-04-01", "insider": "PAGANO, VINCENT JR", "role": "Director", "side": "Disposal", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "138070.5850", "value_label": "$138.1K"}, {"date": "2026-04-01", "insider": "PAGANO, VINCENT JR", "role": "Director", "side": "Acquisition", "security": "Class A Common Stock", "evidence_class": "common_equity", "value": "85595.0000", "value_label": "$85.6K"}], "method": "Directional scores use deduplicated, priced common-share evidence with asymmetric disposal weighting, role, freshness, and size controls."}