Michael Stienstra - 20 Jun 2024 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Signature
/s /Stewart Ellis, Attorney-in-Fact for Michael Stienstra
Issuer symbol
HIPO
Transactions as of
20 Jun 2024
Net transactions value
-$67,234
Form type
4
Filing time
21 Jun 2024, 16:18:03 UTC
Previous filing
16 May 2024
Next filing
01 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIPO Common Stock Disposed to Issuer $67,234 -4,410 -5.3% $15.25 78,326 20 Jun 2024 Direct F1, F2, 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 21, 2024
F2 This transaction was executed in multiple trades at prices ranging from $14.88 to $15.66. 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 64,956 RSUs.