Hippo (NYSE: HIPO) insider files to sell 6,105 shares under Rule 144
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Hippo (HIPO) insider Torben Ostergaard has filed a Rule 144 notice to sell 6,105 shares of the company’s common stock. The planned sale, through Morgan Stanley Smith Barney on the NYSE, has an aggregate market value of $172,527.30 based on the figures in the notice.
The filing states that 25,335,179 shares of common stock were outstanding. It also discloses that over the prior three months, a Rule 10b5-1 plan sale of 3,645 common shares generated gross proceeds of $116,592.06. The signer represents they are not aware of undisclosed material adverse information about Hippo.
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FAQ
What does Hippo (HIPO) Form 144 filed by Torben Ostergaard disclose?
The Form 144 discloses an intent to sell 6,105 Hippo common shares. The proposed sale, listed at an aggregate market value of $172,527.30, will be executed through Morgan Stanley Smith Barney on the NYSE, subject to Rule 144 conditions.
What representation does the Hippo (HIPO) Form 144 signer make about company information?
The signer represents that they do not know any material adverse information about Hippo’s current or prospective operations that has not been publicly disclosed. This representation is required when filing a Rule 144 notice to sell restricted or control securities.