Hippo CEO covers taxes with 8,779 shares
Hippo Holdings Inc. Chief Executive Officer Richard McCathron reported a tax-related share disposition.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Hippo Holdings Inc. Chief Executive Officer Richard McCathron reported a tax-related share disposition. On May 15, 2026, 8,779 shares of common stock were delivered at an implied price of $26.4123 per share to satisfy a tax liability by delivering securities.
After this tax-withholding disposition, he directly held 595,433 common shares, which include 296,227 RSUs. The transaction was not reported as an open-market purchase or sale, but as a payment of obligations using previously owned shares.
Insights
CEO used shares to cover taxes, not an open-market sale.
The filing shows Hippo Holdings CEO Richard McCathron settling a tax liability by delivering 8,779 common shares at $26.4123 per share. Code F transactions typically arise from equity compensation events where taxes are due when awards vest or are settled.
Following this tax-withholding disposition, he directly holds 595,433 common shares, including 296,227 RSUs, indicating a substantial remaining stake. Because this is a mechanistic tax payment, not a discretionary market trade, it carries limited signaling value about his view of Hippo’s prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,779 | $26.4123 | $232K |
Footnotes (1)
- F1. Includes 296,227 RSUs.
Key Figures
Key Terms
tax-withholding disposition financial
RSUs financial
restricted stock units financial
transaction code F financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hippo (HIPO) report for CEO Richard McCathron?
What does transaction code F mean in the Hippo (HIPO) CEO’s Form 4?
What portion of the Hippo (HIPO) CEO’s holdings are RSUs after this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.