Lennar units exit over 5% Hippo (NYSE: HIPO) ownership stake

Rhea-AI Filing Summary

Hippo Holdings Inc. received an amended ownership filing from Lennar-affiliated entities showing they have reduced their stake below 5% of Hippo’s common stock. This Amendment No. 5 to a Schedule 13D is described as a final, “exit” filing for these reporting persons.

The filing shows Lennar Corporation and Len X, LLC now report beneficial ownership of zero shares. LEN FW Investor, LLC retains an irrevocable proxy to vote 16,470 Hippo shares, which is less than one percent of the 25,335,179 shares outstanding as of October 29, 2025.

On February 17, 2026, LEN FW Investor, LLC contributed 2,067,997 Hippo shares and Len X, LLC contributed 4,000 shares to The Lennar Foundation, Inc., a private 501(c)(3) foundation, for no consideration. After these contributions, the group no longer qualifies as a greater-than-5% beneficial owner.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

Hippo Holdings Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

433539103

(CUSIP Number)

Katherine Lee Martin
Lennar Corporation, 5505 Waterford District Drive
Miami, FL, 33126
(305) 559-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/17/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 433539103

1

Name of reporting person

Lennar Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 433539103

1

Name of reporting person

Len X, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 433539103

1

Name of reporting person

LEN FW Investor, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 16,470.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

16,470.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Hippo Holdings Inc.
(c)	Address of Issuer's Principal Executive Offices: One Almaden Blvd., Suite 400, San Jose, CALIFORNIA , 95113.
Item 1 Comment: This Amendment No. 5 to Schedule 13D (this "Amendment") amends and supplements the Schedule 13D filed on August 9, 2021, as amended by Amendment No. 1 filed on April 12, 2022, Amendment No. 2 filed on August 19, 2022, Amendment No. 3 filed on July 3, 2025, and Amendment No. 4 filed on November 14, 2025 (collectively, the "Schedule 13D") relating to the common stock, par value $0.0001 per share (the "Common Stock"), of Hippo Holdings Inc. (the "Issuer"), a Delaware corporation. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings assigned to such terms in the Schedule 13D. The Reporting Persons have determined that, as of the date of this Amendment, the Reporting Persons are no longer the beneficial owners of more than five percent of the Issuer's securities and are no longer required to report their holdings on Schedule 13D. Consequently, this Amendment represents the final amendment to the Schedule 13D and constitutes an exit filing with respect to the Reporting Persons.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and restated as follows: The cover page to this Schedule 13D for each Reporting Person is incorporated by reference in its entirety into this Item 5. As of the date of this Amendment, one of the Reporting Persons holds an irrevocable proxy to vote 16,470 shares of the Issuer's Common Stock, constituting less than one percent of the Issuer's outstanding Common Stock. Such percentage was calculated based on 25,335,179 outstanding shares of Common Stock as of October 29, 2025, as set forth in the Issuer's Quarterly Report on 10-Q filed with the SEC on November 5, 2025.
(b)	Item 5(b) of the Schedule 13D is hereby amended and restated as follows: With respect to each Reporting Person, the disclosure set forth in rows 7 to 10 of the applicable cover page is incorporated by reference herein.
(c)	Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: On February 17, 2026, LEN FW Investor, LLC contributed 2,067,997 shares of Common Stock to The Lennar Foundation, Inc., a private 501(c)(3) foundation (the "Lennar Foundation"), for no consideration. On February 17, 2026, Len X, LLC contributed 4,000 shares of Common Stock to the Lennar Foundation for no consideration. Except as set forth herein, none of the Reporting Persons has effected any transactions with respect to the securities of the Issuer during the past sixty days.
(e)	As of February 17, 2026, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Issuer's Common Stock. The filing of this Amendment represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Lennar Corporation

Signature:	/s/ Katherine Lee Martin
Name/Title:	Katherine Lee Martin, Chief Legal Officer and Corporate Secretary
Date:	02/19/2026

Len X, LLC

Signature:	/s/ Katherine Lee Martin
Name/Title:	Katherine Lee Martin, Corporate Secretary
Date:	02/19/2026

LEN FW Investor, LLC

Signature:	/s/ Katherine Lee Martin
Name/Title:	Katherine Lee Martin, Corporate Secretary
Date:	02/19/2026

FAQ

What does Lennar’s exit Schedule 13D/A mean for Hippo (HIPO)?

The amendment shows Lennar-affiliated entities no longer own more than 5% of Hippo’s common stock. They now report only a small remaining voting proxy position, so they are no longer classified as significant beneficial owners under SEC reporting thresholds.

How many Hippo (HIPO) shares do Lennar entities still control after this filing?

LEN FW Investor, LLC reports an irrevocable proxy to vote 16,470 Hippo shares. This represents less than one percent of Hippo’s 25,335,179 outstanding common shares as of October 29, 2025, based on the company’s most recent quarterly report.

Why did Lennar-affiliated entities file Amendment No. 5 to their Hippo Schedule 13D?

They filed Amendment No. 5 to report that they no longer beneficially own more than five percent of Hippo’s common stock. Because their ownership has fallen below this threshold, the amendment is characterized as a final, exit filing for these reporting persons.

What transactions reduced Lennar’s beneficial ownership in Hippo (HIPO)?

On February 17, 2026, LEN FW Investor, LLC contributed 2,067,997 Hippo shares and Len X, LLC contributed 4,000 shares to The Lennar Foundation, Inc. Both transfers were made for no consideration, reducing the group’s reportable holdings below the five percent threshold.

Who are the reporting persons in this Hippo Schedule 13D/A amendment?

The reporting persons are Lennar Corporation, Len X, LLC, and LEN FW Investor, LLC. Lennar Corporation and Len X, LLC now report zero beneficially owned Hippo shares, while LEN FW Investor, LLC reports only an irrevocable proxy to vote 16,470 shares.

How was the ownership percentage in Hippo (HIPO) calculated in the filing?

The filing states that ownership percentages use 25,335,179 Hippo common shares outstanding as of October 29, 2025. This share count comes from Hippo’s Quarterly Report on Form 10-Q filed with the SEC on November 5, 2025.