Reinvent Sponsor Z LLC 4
4 · Hippo Holdings Inc. · Filed Aug 3, 2021
Insider Transaction Report
Form 4
Reinvent Sponsor Z LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-08-02+5,630,000→ 5,630,000 total - Exercise/Conversion
Class B ordinary shares
2021-08-02−5,630,000→ 0 total→ Common Stock (5,630,000 underlying)
Footnotes (2)
- [F1]75% of such shares are subject to vesting in tranches of 25% if the volume weighted average price of the Issuer's shares of Common Stock equals or exceeds $12.50, $15.00, or $20.00, respectively, for any 20 trading days within a 30 trading day period on or prior to the tenth anniversary of the business combination of Reinvent Technology Partners Z (the former name of the Issuer) ("RTPZ") and Hippo Enterprises Inc. (the "Business Combination"). On August 2, 2031, any unvested shares will automatically vest. In the event the Issuer completes a transaction that results in a change of control, all unvested shares will vest immediately prior to the closing of such transaction.
- [F2]On August 2, 2021, RTPZ consummated the Business Combination. Pursuant to the Business Combination, RTPZ domesticated as a Delaware corporation and changed its name to "Hippo Holdings, Inc.", and each RTPZ Class B ordinary share was automatically converted into the right to receive one share of the Issuer's common stock.