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Hippo Holdings Inc. — Director's Dealing 2021
Aug 3, 2021
32330_dirs_2021-08-03_189fa1de-cb71-4a88-b7ec-71f43966fb15.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Hippo Holdings Inc. (HIPO)
CIK: 0001828105
Period of Report: 2021-08-02
Reporting Person: Reinvent Sponsor Z LLC (Former 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-02 | Common Stock | M | 5630000 | — | Acquired | 5630000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-02 | Class B ordinary shares | $ | M | 5630000 | Disposed | Common Stock (5630000) | Direct |
Footnotes
F1: 75% of such shares are subject to vesting in tranches of 25% if the volume weighted average price of the Issuer's shares of Common Stock equals or exceeds $12.50, $15.00, or $20.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners Z (the former name of the Issuer) ("RTPZ") and Hippo Enterprises Inc. (the "Business Combination"). On August 2, 2031, any unvested shares will automatically vest. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
F2: On August 2, 2021, RTPZ consummated the Business Combination. Pursuant to the Business Combination, RTPZ domesticated as a Delaware corporation and changed its name to "Hippo Holdings, Inc.", and each RTPZ Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock.