Company Description
HIPPO HOLDINGS INC WTS (HIPOW) represents warrants related to Hippo Holdings Inc., a company whose common stock is listed on the New York Stock Exchange under the trading symbol HIPO. The warrants are a separate security from the common stock and are associated with Hippo Holdings Inc. as the underlying issuer.
According to a Form 8-K filed with the U.S. Securities and Exchange Commission, Hippo Holdings Inc. is a registrant with common stock registered under Section 12(b) of the Securities Exchange Act of 1934 and traded on the New York Stock Exchange. The filing identifies the company as Hippo Holdings Inc. and confirms that its common stock has a par value of $0.0001 per share and trades under the symbol HIPO on that exchange.
The same Form 8-K lists Hippo Holdings Inc.’s principal executive offices in San Jose, California. This places the company within the broader group of U.S.-based, exchange-listed corporations that report to the SEC and provide ongoing disclosure about corporate governance, board composition, and compensation practices. The HIPOW warrants are tied to this issuer and are typically of interest to investors who follow Hippo Holdings Inc. and its equity-linked securities.
The Form 8-K describes actions taken by the Board of Directors of Hippo Holdings Inc., including changes to the size of the Board and appointments of additional directors. It also outlines elements of the company’s Non-Employee Director Compensation Program, such as annual cash retainers for Board and committee service and the grant of restricted stock units (RSUs) based on the company’s common stock. These disclosures illustrate that Hippo Holdings Inc. uses equity-based compensation, including RSUs, as part of its approach to compensating non-employee directors.
Because HIPPO HOLDINGS INC WTS (HIPOW) is a warrant security linked to Hippo Holdings Inc., information about the company’s governance, board structure, and equity compensation practices can be relevant to understanding the broader context in which the warrants exist. Investors researching HIPOW often review Hippo Holdings Inc.’s SEC filings, including Form 8-K reports, to understand material corporate events that may affect the underlying common stock and, indirectly, the warrants.
Relationship to Hippo Holdings Inc. Common Stock
The Form 8-K explicitly identifies Hippo Holdings Inc. as an issuer with common stock listed on the New York Stock Exchange under the symbol HIPO. While the detailed terms of the HIPOW warrants are not described in the provided filing, the warrants are connected to Hippo Holdings Inc. as the underlying company. As a result, changes in the company’s governance, equity compensation, or other material events disclosed in SEC reports may be relevant for understanding the environment in which the warrants trade.
Corporate Governance and Board Structure
In the referenced Form 8-K, Hippo Holdings Inc. reports that its Board of Directors voted to increase the size of the Board and to appoint additional directors. The filing notes that these new directors were assigned to specific Board committees, including the Audit, Risk, and Compliance Committee, the Nominating & Corporate Governance Committee, and the Compensation Committee. The disclosure also states that the company has a Non-Employee Director Compensation Program that governs cash compensation and equity awards for directors who are not employees.
The use of committees such as an Audit, Risk, and Compliance Committee, a Nominating & Corporate Governance Committee, and a Compensation Committee reflects a governance structure that addresses financial oversight, board composition, and director and executive compensation. These aspects of governance can be relevant to investors assessing Hippo Holdings Inc. and, by extension, securities linked to the company, such as HIPOW warrants.
Equity-Based Compensation and RSUs
The Form 8-K explains that non-employee directors of Hippo Holdings Inc. are eligible to receive restricted stock units (RSUs) that are valued based on the average closing trading price of the company’s common stock over a specified period. The RSUs are subject to vesting conditions tied to continued service on the Board and may accelerate in the event of a change in control as defined in the company’s 2021 Incentive Award Plan. This disclosure highlights that Hippo Holdings Inc. incorporates equity-based incentives into its director compensation framework.
For investors analyzing HIPPO HOLDINGS INC WTS (HIPOW), such information about RSUs and equity awards can provide additional context about how Hippo Holdings Inc. uses its common stock within compensation programs. While the RSUs described in the Form 8-K are distinct from the HIPOW warrants, both involve the company’s equity and are part of the broader set of securities and equity-linked instruments associated with Hippo Holdings Inc.
Regulatory Reporting and Disclosure
The Form 8-K indicates that Hippo Holdings Inc. furnishes certain information, such as press releases announcing Board appointments, under Item 7.01 of Form 8-K. The filing clarifies that information furnished under Item 7.01 is not deemed to be “filed” for purposes of Section 18 of the Exchange Act, nor is it automatically incorporated by reference into other filings unless specifically stated. This distinction is part of the regulatory framework governing how public companies share information with investors.
Because HIPPO HOLDINGS INC WTS (HIPOW) is tied to Hippo Holdings Inc., the company’s ongoing SEC reporting, including Form 8-K filings, can be an important source of information for understanding developments that may be relevant to the underlying common stock. Investors who follow HIPOW often review these filings to learn about corporate actions, governance changes, and compensation arrangements that are formally disclosed to the market.
Use of Indemnification Agreements
The Form 8-K notes that newly appointed non-employee directors are expected to enter into the company’s standard form indemnification agreement, which has been previously filed as an exhibit to an earlier Form 8-K. This reflects Hippo Holdings Inc.’s practice of providing indemnification arrangements for directors, which is a common feature of corporate governance for exchange-listed companies. Such agreements are intended to address potential liabilities that directors may face in the course of their service.
For HIPPO HOLDINGS INC WTS (HIPOW), these governance and indemnification details do not change the basic nature of the warrants, but they contribute to a fuller picture of the corporate environment and risk management practices at the underlying issuer, Hippo Holdings Inc.
Position Within the Capital Structure
While the provided Form 8-K focuses on governance and compensation matters, it confirms that Hippo Holdings Inc. has common stock registered and trading on the New York Stock Exchange. HIPPO HOLDINGS INC WTS (HIPOW) exists alongside this common stock as a separate security linked to the same issuer. Investors considering HIPOW typically evaluate it in relation to Hippo Holdings Inc.’s equity, its SEC disclosures, and its corporate governance practices as reflected in filings such as Form 8-K.
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Short Interest History
Short interest in Hippo Hldgs (HIPOW) currently stands at 520 shares.
Days to Cover History
Days to cover for Hippo Hldgs (HIPOW) currently stands at 1.0 days, down 71.5% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 1000.0 days.