HIPOW Rule 144 Notice: Insider Plans to Sell 5,177 RSU Shares on NYSE
Rhea-AI Filing Summary
Hippo Holdings Inc. (HIPOW) submitted a Form 144 disclosing a proposed sale of 5,177 common shares by a person for whose account the securities are to be sold. The shares have an aggregate market value of $192,636.17 based on the filing, against 25,028,054 shares outstanding. The proposed approximate sale date is 09/17/2025 on the NYSE. The shares were acquired from the issuer as restricted stock units on 02/15/2025 and were paid in full on that date. The filer reports no securities sold in the past three months for the account.
Positive
- Filer provided full Rule 144 disclosure including acquisition details, market value, outstanding shares and intended sale date
Negative
- None.
Insights
TL;DR: Routine Rule 144 disclosure of RSU sale; paperwork aligns with compliance expectations.
The filing documents a proposed sale under Rule 144 of 5,177 common shares acquired as restricted stock units from the issuer on 02/15/2025. The disclosure includes market value, outstanding share count and the intended exchange and sale date, which meets the standard public reporting and transparency requirements for an officer/affiliate sale under Rule 144. No prior sales in the past three months are reported, reducing aggregation concerns under the rule.
TL;DR: This appears to be a typical disposition of recently vested RSUs; size is small relative to total shares outstanding.
The 5,177 shares stem from RSUs granted and acquired through the issuer, with payment dated 02/15/2025. Given the aggregated outstanding shares reported, the proposed sale represents an immaterial percentage of the capital base, suggesting a limited potential market impact. The filing properly notes the origin and payment details, which is standard for compensatory equity dispositions.