Assaf Wand - 04 Aug 2021 Form 4/A - Amendment Insider Report for Hippo Holdings Inc. (HIPO)

Role
Chief Executive Officer and Co-Founder, Director
Signature
/s/ Stewart Ellis, as Attorney-in-Fact for Assaf Wand
Issuer symbol
HIPO
Transactions as of
04 Aug 2021
Transactions value $
$0
Form type
4/A - Amendment
Filing time
20 Aug 2021, 14:46:09 UTC
Date Of Original Report
04 Aug 2021
Next filing
23 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 Award +17.1M 17.1M 04 Aug 2021 Direct F1, F2
transaction HIPO Common Stock Award +17.2M 17.2M 04 Aug 2021 See footnote F1, F3
transaction HIPO Common Stock Award +1.04M 1.04M 04 Aug 2021 See footnote F1, F4
transaction HIPO Common Stock Disposed to Issuer -1.96M -11.38% 15.2M 04 Aug 2021 See footnote F3, F5
transaction HIPO Common Stock Disposed to Issuer -1.04M -100% 0 04 Aug 2021 See footnote F4, F5

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 +9.17M 9.17M 04 Aug 2021 Common Stock 9.17M $0.81 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination of Hippo Holdings Inc. (the "Issuer") and Hippo Enterprises Inc. ("Old Hippo"), each share of Old Hippo outstanding common stock was automatically converted into the right to shares of the Issuer's Common Stock based on a 1 to 6.95433 conversion ratio ("Conversion Ratio"). In addition, each outstanding Old Hippo equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Old Hippo equity awards.
F2 The original Form 4 filed by the Reporting Person on 8/4/2021 contained administrative errors. This Form 4/A corrects the aforementioned errors and accurately reflects the Reporting Person's ownership.
F3 Shares held by Assaf and Liron Wand 2014 Revocable Trust.
F4 Shares held by The Wand Family Delaware Trust.
F5 Shares redeemed by the Issuer at a price per share of $10 in a transaction exempt pursuant to Rule 16b-3(e).
F6 25% of the shares underlying the option vest on the first anniversary measured from October 15, 2019, 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.

Remarks:

Chief Executive Officer and Co-Founder