Chief Financial Officer Merker Brian Frederick bought $18,391 worth of Class A Ordinary Shares without par value (31,600 units at $0.58) (SEC Form 4)
$HOVR
Aerospace
Industrials
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
New Horizon Aircraft Ltd. [ HOVR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/23/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Ordinary Shares without par value | 05/23/2024 | P | 1,285 | A | $1.069(1)(2) | 1,285 | D | |||
| Class A Ordinary Shares without par value | 06/17/2024 | P | 1,836 | A | $0.74(1)(3) | 3,121 | D | |||
| Class A Ordinary Shares without par value | 07/17/2024 | P | 2,298 | A | $0.6 | 5,419 | D | |||
| Class A Ordinary Shares without par value | 08/15/2024 | P | 1,788 | A | $0.766(1)(4) | 7,207 | D | |||
| Class A Ordinary Shares without par value | 09/16/2024 | P | 1,750 | A | $0.788(1)(5) | 8,957 | D | |||
| Class A Ordinary Shares without par value | 10/17/2024 | P | 4,062 | A | $0.335(1)(6) | 13,019 | D | |||
| Class A Ordinary Shares without par value | 11/18/2024 | P | 3,420 | A | $0.392(1)(7) | 16,439 | D | |||
| Class A Ordinary Shares without par value | 12/18/2024 | P | 2,048 | A | $0.645(1)(8) | 18,487 | D | |||
| Class A Ordinary Shares without par value | 01/16/2025 | P | 1,530 | A | $0.85(1)(9) | 20,017 | D | |||
| Class A Ordinary Shares without par value | 02/21/2025 | P | 2,510 | A | $0.527(1)(10) | 22,527 | D | |||
| Class A Ordinary Shares without par value | 03/18/2025 | P | 3,037 | A | $0.525(1)(11) | 25,564 | D | |||
| Class A Ordinary Shares without par value | 04/16/2025 | P | 3,657 | A | $0.451(1)(12) | 29,221 | D | |||
| Class A Ordinary Shares without par value | 05/20/2025 | P | 2,379 | A | $0.69(1)(13) | 31,600 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to New Horizon Aircraft Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Ex-change Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) through (13) to this Form 4. |
| 2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.067 to $1.800, inclusive. |
| 3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.740 to $0.749, inclusive. |
| 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.750 to $0.795, inclusive. |
| 5. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.785 to $0.790, inclusive. |
| 6. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.331 to $0.350, inclusive. |
| 7. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.390 to $0.395, inclusive. |
| 8. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.644 to $0.666, inclusive. |
| 9. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.850 to $0.869, inclusive. |
| 10. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.526 to $0.529, inclusive. |
| 11. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.520 to $0.528, inclusive. |
| 12. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.436 to $0.460, inclusive. |
| 13. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.687 to $0.698, inclusive. |
| /s/ Brian Frederick Merker | 06/10/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||