Hippo Holdings (HIPO) exec reports 1,259-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hippo Holdings Inc. executive Michael Stienstra reported a routine tax-related share disposition. On May 15, 2026, 1,259 shares of common stock were delivered at $26.4123 per share to satisfy a tax obligation, classified as a tax-withholding disposition rather than an open-market sale.
After this transaction, Stienstra directly holds 91,160 shares of Hippo common stock. A footnote explains that this holding includes 37,430 RSUs, showing he retains a substantial equity position in the company despite the tax-driven share reduction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stienstra Michael
Role
GM & Chief Insurance, HHIP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,259 | $26.4123 | $33K |
Holdings After Transaction:
Common Stock — 91,160 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 1,259 shares
Price per share: $26.4123 per share
Shares held after transaction: 91,160 shares
+1 more
4 metrics
Tax-withholding shares
1,259 shares
Common stock delivered for tax liability on May 15, 2026
Price per share
$26.4123 per share
Value of common stock used in tax-withholding disposition
Shares held after transaction
91,160 shares
Direct Hippo common stock holdings following the Form 4 transaction
RSUs included in holdings
37,430 RSUs
Restricted stock units counted within post-transaction holdings
Key Terms
tax-withholding disposition, RSUs, Common Stock
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
RSUs financial
"Footnote states: "Includes 37,430 RSUs.""
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Hippo (HIPO) executive Michael Stienstra report in this Form 4?
Michael Stienstra reported a tax-withholding disposition of 1,259 Hippo common shares. The shares were delivered to cover a tax obligation, not as an open-market sale, and were priced at $26.4123 per share on May 15, 2026.
Was Michael Stienstra’s Hippo (HIPO) Form 4 a stock sale on the open market?
No, the Form 4 classifies the event with code F as a tax-withholding disposition. This means 1,259 shares were delivered to satisfy a tax liability or exercise cost, rather than being sold voluntarily on the open market for investment purposes.
What does the RSU footnote in Michael Stienstra’s Hippo (HIPO) filing mean?
The footnote notes that Stienstra’s reported holdings include 37,430 RSUs. RSUs are equity awards that convert into common shares over time, so this figure highlights a significant portion of his stake is tied to ongoing equity compensation arrangements.