Form 4: Hippo Holdings CEO Richard McCathron Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Richard McCathron, CEO of Hippo Holdings Inc., disposed of 906 shares of common stock on July 30, 2024, to satisfy tax withholding obligations.
Summary
- On July 30, 2024, Richard McCathron, the CEO of Hippo Holdings Inc., disposed of 906 shares of common stock.
- The transaction was executed at a price of $19.08 per share.
- This disposal was related to the satisfaction of tax withholding obligations.
- Following the transaction, McCathron directly owns 390,385 shares, which includes 192,903 RSUs.
Sentiment
Score: 6
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment, but it's a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a transaction related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The disposal of a small number of shares by the CEO is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: Richard McCathron disposed of 906 shares of common stock. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.