Form 4: Hippo Holdings Inc. Executive Michael Stienstra Sells 4,410 Shares
SEC Form 4 Filing
Michael Stienstra, GM & Chief Insurance Officer of Hippo Holdings Inc., sold 4,410 shares of common stock on June 20, 2024, at a weighted average price of $15.2459.
Summary
- Michael Stienstra, a General Manager & Chief Insurance Officer at Hippo Holdings Inc., sold 4,410 shares of common stock on June 20, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan established on March 21, 2024.
- The shares were sold at prices ranging from $14.88 to $15.66, with a weighted average sale price of $15.2459.
- Following the transaction, Stienstra directly owns 78,326 shares, which includes 64,956 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of Rule 10b5-1 trading plan |
| 06/20/2024 | Date of transaction (stock sale) |
| 06/21/2024 | Date of Form 4 filing |
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