Form 4: Hippo Holdings Inc. Executive Michael Stienstra Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael Stienstra, GM & Chief Insurance Officer at Hippo Holdings Inc., disposed of 495 shares of common stock to cover tax obligations related to RSU vesting.
Summary
- On May 1, 2024, Michael Stienstra, GM & Chief Insurance Officer at Hippo Holdings Inc., disposed of 495 shares of common stock.
- The transaction was executed at a price of $21.97 per share.
- This disposal was to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Stienstra directly owns 85,536 shares of Hippo Holdings Inc., which includes 72,645 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders trade their company's stock. This filing indicates a transaction by a key executive at Hippo Holdings Inc.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock disposal transaction |
| 05/03/2024 | Date of Form 4 filing |
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