Simon Fleming-Wood - Aug 4, 2021 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Role
Chief Marketing Officer
Signature
/s/ Stewart Ellis, as Attorney-in-Fact for Simon Fleming-Wood
Stock symbol
HIPO
Transactions as of
Aug 4, 2021
Transactions value $
$0
Form type
4
Date filed
8/4/2021, 09:19 PM
Next filing
Oct 8, 2021

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 Stock Option (Right to Buy) Award +2.09M 2.09M Aug 4, 2021 Common Stock 2.09M $1.06 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares underlying the option vest on the first anniversary measured from October 26, 2020, and 1/16th of the shares vest on each quarterly anniversary thereafter, subject to the Reporting Person continuing to provide services to the Issuer through the applicable vesting date.
F2 Pursuant to the business combination of Hippo Holdings Inc. (the "Issuer") and Hippo Enterprises Inc. ("Old Hippo"), each outstanding Old Hippo equity award was automatically converted into a corresponding equity award of the Issuer based on a 1 to 6.95433 conversion ratio and with the same terms and vesting conditions as the Old Hippo equity award.