Hippo (NYSE: HIPO) CEO sells 5,000 shares in pre-set 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hippo Holdings Inc. Chief Executive Officer Richard McCathron executed an open-market sale of 5,000 shares of Common Stock at $26.05 per share. The transaction was carried out on April 9, 2026 pursuant to a pre-arranged Rule 10b5-1 trading plan dated August 29, 2025, indicating it was scheduled in advance rather than timed discretionarily.
Following this sale, McCathron directly holds 610,650 shares of Hippo common stock, which the disclosure notes include 343,868 restricted stock units (RSUs). The sale represents a small portion of his overall equity position and does not involve any derivative exercises or tax-withholding transactions in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($130,250)
Net Sell
1 txn
Insider
McCathron Richard
Role
Chief Executive Officer
Sold
5,000 shs ($130K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $26.05 | $130K |
Holdings After Transaction:
Common Stock — 610,650 shares (Direct)
Footnotes (1)
- Sales were effected pursuant to a Rule 10b5-1 trading plan dated August 29, 2025. Includes 343,868 RSUs.
Key Figures
Shares sold: 5,000 shares
Sale price: $26.05 per share
Shares held after sale: 610,650 shares
+3 more
6 metrics
Shares sold
5,000 shares
Open-market sale of Hippo common stock on April 9, 2026
Sale price
$26.05 per share
Price for the 5,000 Hippo common shares sold
Shares held after sale
610,650 shares
CEO’s direct Hippo common stock holdings following the transaction
RSUs included in holdings
343,868 RSUs
Restricted stock units included within the 610,650 reported shares
Transactions classified as sales
1 transaction
Form 4 transaction summary shows one sale and no purchases
Net share change
−5,000 shares
Net effect of reported insider activity in this Form 4
Key Terms
Rule 10b5-1 trading plan, RSUs, open-market sale, Form 4
4 terms
Rule 10b5-1 trading plan financial
"Sales were effected pursuant to a Rule 10b5-1 trading plan dated August 29, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
RSUs financial
"Includes 343,868 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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Hippo (HIPO) report for CEO Richard McCathron?
Hippo reported that CEO Richard McCathron sold 5,000 shares of common stock. The shares were sold in an open-market transaction at $26.05 per share, documented in a Form 4 insider trading report filed for the company.
Was the Hippo (HIPO) CEO’s stock sale conducted under a Rule 10b5-1 plan?
Yes, the CEO’s sale was executed under a Rule 10b5-1 trading plan. The footnote explains that the transactions followed a pre-arranged plan dated August 29, 2025, indicating the sale was scheduled in advance rather than opportunistic.
What type of security did the Hippo (HIPO) Form 4 transaction involve?
The Form 4 transaction involved Hippo Holdings Inc. common stock. It was a non-derivative transaction classified as an open-market sale, with no associated option exercises, conversions, or other derivative security activity disclosed in this filing.
How many RSUs are included in the Hippo (HIPO) CEO’s reported holdings?
The CEO’s reported post-transaction holdings include 343,868 restricted stock units. These RSUs are part of his 610,650 total common share-equivalent holdings, representing equity awards that typically convert into shares upon vesting conditions being met.