Richard McCathron - 06 Jun 2022 Form 4 Insider Report for Hippo Holdings Inc. (HIPO)

Role
Chief Executive Officer, Director, President
Signature
/s/ Stewart Ellis, as Attorney-in-Fact for Richard McCathron
Issuer symbol
HIPO
Transactions as of
06 Jun 2022
Transactions value $
$0
Form type
4
Filing time
08 Jun 2022, 18:11:42 UTC
Previous filing
18 May 2022
Next filing
17 Aug 2022
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 $0 +1,150,000 +30.58% $0 4,910,708 06 Jun 2022 Direct F1, F3
transaction HIPO Common Stock Award $0 +461,496 +9.4% $0 5,372,204 06 Jun 2022 Direct F2, F4

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 $0 +1,861,323 $0 1,861,323 06 Jun 2022 Common Stock 1,861,323 $1.36 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Commencing on May 15, 2022, the RSU shares shall vest over 4 years contingent on the satisfaction of both a 1-year service-based requirement and performance-based requirements divided into three separate tranches of performance goals based on the company's stock price, revenue, and adjusted gross profit.
F2 1/16th of the RSU shares shall vest on each quarterly anniversary of May 15, 2022 over 4 years.
F3 Includes 2,076,190 restricted stock units.
F4 Includes 2,537,686 restricted stock units.
F5 1/16th of the shares underlying the option shall vest on each quarterly anniversary of May 15, 2022 over 4 years.