Hippo Holdings (HIPO) CEO sells 5,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hippo Holdings Inc. reported that Chief Executive Officer Richard McCathron sold 5,000 shares of common stock in an open-market transaction on May 11, 2026 at $27.10 per share. The sale was effected under a Rule 10b5-1 trading plan dated August 29, 2025. Following this trade, he directly holds 604,212 shares of Hippo common stock, which include 340,418 restricted stock units (RSUs).
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($135,500)
Net Sell
1 txn
Insider
McCathron Richard
Role
Chief Executive Officer
Sold
5,000 shs ($136K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $27.10 | $136K |
Holdings After Transaction:
Common Stock — 604,212 shares (Direct, null)
Footnotes (1)
- Sales were effected pursuant to a Rule 10b5-1 trading plan dated August 29, 2025. Includes 340,418 RSUs.
Key Figures
Shares sold: 5,000 shares
Sale price: $27.10 per share
Shares held after sale: 604,212 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale on May 11, 2026
Sale price
$27.10 per share
Price for common stock sold
Shares held after sale
604,212 shares
Direct holdings following transaction
RSUs included in holdings
340,418 RSUs
Portion of post-transaction direct ownership
Key Terms
Rule 10b5-1 trading plan, RSUs, open-market sale
3 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 340,418 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.
FAQ
What insider transaction did Hippo Holdings (HIPO) report for Richard McCathron?
Hippo Holdings reported that CEO Richard McCathron sold 5,000 shares of common stock. The transaction was an open-market sale on May 11, 2026, documented on Form 4, and reflects routine insider trading activity disclosed to investors.
How many RSUs are included in the Hippo Holdings (HIPO) CEO’s holdings?
The CEO’s reported 604,212-share holding includes 340,418 restricted stock units (RSUs). RSUs are share-based awards that typically vest over time, and the Form 4 explicitly states that this RSU amount is part of his total direct ownership.
What type of transaction code was used for the Hippo Holdings (HIPO) CEO’s trade?
The transaction used code “S,” indicating a sale in an open market or private transaction. The filing further classifies it as an open-market sale of common stock, aligning with standard SEC coding for insider dispositions.