MARK PINCUS - 02 Aug 2021 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Role: Former Director and 10% Owner
Signature: /s/ David Cohen as attorney-in-fact for Mark Pincus
Issuer symbol: HIPO
Transactions as of: 02 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Aug 2021, 16:56:57 UTC
Previous filing: 30 Jul 2021
Next filing: 12 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HIPO	Common Stock	Options Exercise		+5,630,000			5,630,000	02 Aug 2021	See Footnote	F1, F2, F3
transaction	HIPO	Common Stock	Options Exercise		+1,000,000			1,000,000	02 Aug 2021	See Footnote	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HIPO	Class B ordinary shares	Options Exercise		-5,630,000	-100%		0	02 Aug 2021	Common Stock	5,630,000		See Footnote	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

MARK PINCUS is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	75% of such shares are subject to vesting in tranches of 25% if the volume weighted average price of the Issuer's shares of Common Stock equals or exceeds $12.50, $15.00, or $20.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners Z (the former name of the Issuer) ("RTPZ") and Hippo Enterprises Inc. (the "Business Combination"). On August 2, 2031, any unvested shares will automatically vest. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
F2	On August 2, 2021, RTPZ consummated the Business Combination. Pursuant to the Business Combination, RTPZ domesticated as a Delaware corporation and changed its name to "Hippo Holdings, Inc.", and each RTPZ Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock. The reporting person resigned as a director of the Issuer upon consummation of the Business Combination.
F3	The securities reported herein are directly held by Reinvent Sponsor Z LLC (the "Sponsor"). The reporting person may be deemed a beneficial owner of securities held by the Sponsor by virtue of his shared control over and indirect pecuniary interest in the Sponsor. The reporting person disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein.
F4	The securities reported herein were issued to Reinvent Capital Fund LP pursuant to a Subscription Agreement in connection with the Business Combination. The reporting person may be deemed a beneficial owner of securities held by Reinvent Capital Fund LP by virtue of his shared control over and indirect pecuniary interest in Reinvent Capital Fund LP. The reporting person disclaims beneficial ownership of the securities held by Reinvent Capital Fund LP, except to the extent of his pecuniary interest therein.