Form 4: Hippo Holdings Director John Drake Nichols Reports Significant Share Acquisition Through RSU Vesting and New Grant

Hippo Holdings Inc. Director John Drake Nichols has reported the acquisition of 5,801 shares of common stock through the vesting of restricted stock units and a new grant of 4,738 RSUs, increasing his direct beneficial ownership.

Summary

• John Drake Nichols, a Director of Hippo Holdings Inc. (HIPO), reported two transactions on June 3, 2025.
• He acquired 5,801 shares of common stock at a price of $24.35 per share, which resulted from the vesting and settlement of restricted stock units (RSUs) originally granted on June 4, 2024.
• Additionally, Mr. Nichols was granted 4,738 new restricted stock units (RSUs) at a price of $0.00, which will vest upon the earlier of the first anniversary of the grant date or immediately prior to the Annual Meeting following the grant date, subject to his continued service to the Issuer.
• Following these reported transactions, Mr. Nichols directly beneficially owns 21,498 shares of common stock, which includes the 4,738 unvested RSUs.
• He also indirectly beneficially owns 50,000 shares of common stock through Janajasa Associates L.P.

Sentiment

Score: 6

Explanation: Slightly positive. The report indicates a routine acquisition of shares by a director through RSU vesting and a new RSU grant, which aligns the director's interests with shareholders. No sales or negative events are reported.

Positives

• Increased direct beneficial ownership by a company director, signaling continued alignment with shareholder interests.
• The vesting of RSUs indicates the fulfillment of equity compensation plans, which can be a positive for executive retention and motivation.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of 50,000 shares by Janajasa Associates L.P., which is noted as a related entity.

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may be viewed positively as it aligns management interests with shareholder value.

Next Steps

• Continued service by the Reporting Person is required for the vesting of the newly granted 4,738 RSUs.

Key Dates

Keywords

Hippo Holdings Inc., HIPO, SEC Form 4, insider transaction, stock acquisition, restricted stock units, RSU vesting, director ownership, equity compensation, beneficial ownership