On the 10th of July, 2025, Stewart Murray Lee (the Head of People & Strategy) carried out a public sale of 50,000 shares from New Horizon Aircraft Ltd.(HOVR). This transaction was reported in a Form 4 filing, which was dated the 15th of July, 2025.
Transaction summary
| Metric | Value |
|---|---|
| Shares Traded | 50,000 |
| Transaction Value | $89,050 |
| Post-Transaction Value | $387,180, as of July 15, 2025. |
| 12-month Performance | 196%, as of July 15, 2025. |
Key questions
What percentage of Lee Stewart Murray’s total holdings was sold during this specific transaction, with only 248,194 shares remaining afterward?
What’s the current market scenario for New Horizon Aircraft Ltd as of July 18, 2025? At that time, each share was valued at $1.74, and in the preceding 12 months up until July 19, 2025, the company yielded a total return of 190.6%, demonstrating a substantial increase in value over the past year.
How relevant is this latest transaction compared to the recent trend in transactions, given that it represents the insider’s initial sell action after a prolonged phase of purchasing activity, which has been increasing rapidly, with an average of five trades over the past month and six over the past three months?
Company overview
| Metric | Value |
|---|---|
| Market capitalization | $65.10 million |
| Employees | 20 |
| Revenue (TTM) | $0 |
| Net income (TTM) | $10,114,000 |
Company snapshot
- Develops hybrid electric vertical takeoff and landing (eVTOL) aircraft, including the Cavorite X7, targeting the regional air mobility market.
- Operates a research and development-driven model focused on engineering and prototyping.
New Horizon Aircraft Limited, at its core, is a pioneering aerospace engineering company that excels in developing hybrid electric Vertical Takeoff and Landing (eVTOL) aircraft. These aircraft are designed for regional transportation. By concentrating on the Cavorite X7 model, the company places itself strategically to contend in the rapidly advancing field of advanced air mobility.
Foolish take
In 2013, New Horizon Aircraft came into existence. Fast forward to 2021 when Astro Aerospace took over ownership. Subsequently, in 2022, the company was privately held by its own shareholders. Finally, in January 2024, it made its public debut on the Nasdaq stock exchange through a merger with a Special Purpose Acquisition Company (SPAC).
Horizon Aircraft refers to its own name while creating a hybrid electric vertical takeoff and landing (eVTOL) vehicle, capable of swiftly transporting people and cargo over distances ranging from 50 to 500 miles. The Cavorite X7 is a seven-seater aircraft designed for both vertical takeoff and landing, similar to a helicopter, but boasting greater speed, range, and efficiency. Potential applications for eVTOL aircrafts include emergency medical services, disaster relief, delivering essential supplies to remote areas, military operations, and luxury travel experiences.
The electric Vertical Takeoff and Landing (eVOTL) market shows significant room for expansion. As an example, Grand View Research forecasts that the eVOTL aircraft market in the U.S. could expand at a yearly growth rate of 53% between 2024 and 2030.
Horizon Aircraft is currently building a full-scale prototype aircraft, but they won’t likely deliver their first plane before 2027 at the earliest, and even then, it’s uncertain if they will. The process for obtaining necessary certificates from Canada’s civil aviation authority, including the type certificate, production certificate, and airworthiness certificate, takes years. Without these certificates, Horizon can’t commercially sell planes. Interestingly, the company’s eVOTL stock has seen a significant increase, rising 190% over the past year, giving it a market capitalization of $65 million as of now.
Glossary
Open market transaction:When an insider sells company shares on a public stock exchange without private agreements.
SEC Form 4 filing:A mandatory document submitted to the Securities and Exchange Commission disclosing insider trades in the company’s securities.
Company insider:An executive, director, or significant shareholder with access to confidential information about the company.
Insider trade volume:The number of shares an insider commonly buys or sells per transaction.
Post-trade position:The investor’s status or holdings after a specific trade has been completed.
Total return:The investment’s price increase along with all dividends and distributions, assuming they are reinvested.
eVTOL aircraft:Electric or hybrid-powered Vertical Takeoff and Landing vehicles capable of helicopter-like takeoffs and landings.
Regional air transport:Air travel solutions for short to medium distances, often utilizing innovative aircraft designs.
Prototype development:Creating preliminary models of a product to test concepts and designs before mass production.
Recent 12-month period:The time frame ending with the most recent quarterly report.
Advanced air technology:New aviation technologies enabling efficient, adaptable, and often urban or regional air transportation.
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2025-07-24 21:35