Form 4: Hippo Holdings CFO Stewart Ellis Reports Stock Disposal to Cover Tax Obligations

Stewart Ellis, CFO of Hippo Holdings Inc., disposed of 3,497 shares of common stock on October 18, 2024, to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• On October 18, 2024, Stewart Ellis, the CFO and Chief Strategy Officer of Hippo Holdings Inc., disposed of 3,497 shares of the company's common stock.
• The transaction was executed to cover tax obligations associated with the vesting of 148,650 Restricted Stock Units (RSUs).
• The sale price was $19.19 per share.
• Following the transaction, Ellis directly owns 354,470 shares of Hippo Holdings Inc.
• Ellis also indirectly owns 10,335 shares through the Desertfish Nevada Trust, where Preservation Trust Company, Inc. serves as the trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common among executives receiving equity compensation.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine stock disposal to cover tax obligations.

Key Dates