Assaf Wand - Jun 10, 2024 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Signature
/s /Stewart Ellis, Attorney-in-Fact for Assaf Wand
Stock symbol
HIPO
Transactions as of
Jun 10, 2024
Transactions value $
-$216,825
Form type
4
Date filed
6/12/2024, 04:29 PM
Previous filing
Nov 23, 2021
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIPO Common Stock Disposed to Issuer -$217K -12.3K -2.01% $17.70 597K Jun 10, 2024 See footnote F1, F2, F3, F4
holding HIPO Common Stock 684K Jun 10, 2024 Direct F3
* 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 March 11, 2024
F2 This transaction was executed in multiple trades at prices ranging from $17.49 to $17.97. 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 This reflects a 1-for-25 reverse stock split, which was effected by the Issuer on September 29, 2022.
F4 Shares held by Assaf and Liron Wand 2014 Revocable Trust.