Stewart Ellis - Dec 19, 2023 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Signature
/s Stewart Ellis
Stock symbol
HIPO
Transactions as of
Dec 19, 2023
Transactions value $
-$28,695
Form type
4
Date filed
12/21/2023, 05:06 PM
Previous filing
Nov 16, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIPO Common Stock Disposed to Issuer -$28.7K -3.5K -1.21% $8.20 286K Dec 19, 2023 Direct F1, F2, F3
holding HIPO Common Stock 10.3K Dec 19, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Sales were effected pursuant to a Rule 10b5-1 trading plan dated September 15, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $7.98 to $8.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Includes 111,191 RSUs.
F4 Shares are held by Preservation Trust Company, Inc., Trustee of the Desertfish Nevada Trust.